Nuvera Communications Files Q3 2024 10-Q

TL;DR

Nuvera Comm's Q3 10-Q is in. Check financials.

AI Summary

Nuvera Communications, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial information and operational updates for the company, which operates in the telephone communications sector. Specific financial figures and operational metrics are presented within the report.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational status of Nuvera Communications, Inc., crucial for understanding the company's trajectory in the telecommunications industry.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative disclosures.

Key Numbers

• 20240930 — Period End Date (The report covers financial data up to this date.)
• 20241114 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• Nuvera Communications, Inc. (company) — Filer of the 10-Q report.
• New Ulm, MN (location) — Company's business and mailing address.
• 20240930 (date) — Conformed period of report.

FAQ

Key Financial Figures

• $1.66 — ge on which registered Common Stock - $1.66 par value NUVR OTCQB Marketplace Th

Filing Documents

• nuvr20240930_10q.htm (10-Q) — 1730KB
• ex_744588.htm (EX-31.1) — 16KB
• ex_744589.htm (EX-31.2) — 16KB
• ex_744590.htm (EX-32.1) — 7KB
• ex_744591.htm (EX-32.2) — 7KB
• 0001437749-24-035032.txt ( ) — 7520KB
• nuvr-20240930.xsd (EX-101.SCH) — 57KB
• nuvr-20240930_def.xml (EX-101.DEF) — 425KB
• nuvr-20240930_lab.xml (EX-101.LAB) — 368KB
• nuvr-20240930_pre.xml (EX-101.PRE) — 458KB
• nuvr-20240930_cal.xml (EX-101.CAL) — 46KB
• nuvr20240930_10q_htm.xml (XML) — 1246KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1

Financial Statements

Financial Statements 4-10 Consolidated Statements of Income (unaudited) for the Three and Nine Months Ended September 30, 2024, and 2023 4 Consolidated Statements of Comprehensive Income (unaudited) for the Three and Nine Months Ended September 30, 2024, and 2023 5 Consolidated Balance Sheets (unaudited) as of September 30, 2024, and December 31, 2023 6-7 Consolidated Statements of Cash Flows (unaudited) for the Nine Months Ended September 30, 2024, and 2023 8 Consolidated Statements of Stockholders' Equity (unaudited) for the Three and Nine Months ended September 30, 2024, and 2023 9-10 Condensed Notes to Consolidated Financial Statements (unaudited) 11-35 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36-50 Item 3

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 50 Item 4

Controls and Procedures

Controls and Procedures 51

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 51 Item 1A

Risk Factors

Risk Factors 51-53 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 54 Item 3 Defaults upon Senior Securities 54 Item 4 Mine Safety Disclosures 54 Item 5 Other Information 54 Item 6 Exhibits Listing 54

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements NUVERA COMMUNICATIONS, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 OPERATING REVENUES: Voice Service $ 1,149,189 $ 1,363,543 $ 3,580,740 $ 3,969,394 Network Access 745,268 876,186 2,601,894 2,926,937 Video Service 2,928,080 3,005,010 8,891,820 9,120,164 Data Service 7,455,297 6,881,965 22,230,414 20,573,084 A-CAM/FUSF 4,208,559 2,971,267 11,100,259 8,950,127 Other Non-Regulated 1,129,942 1,272,507 3,334,187 3,478,406 Total Operating Revenues 17,616,335 16,370,478 51,739,314 49,018,112 OPERATING EXPENSES: Plant Operations (Excluding Depreciation and Amortization) 4,069,582 3,590,491 12,032,377 11,512,927 Cost of Video 2,202,721 2,346,037 6,871,102 7,229,269 Cost of Data 1,171,707 1,280,342 3,520,942 3,673,237 Cost of Other Nonregulated Services 368,152 485,149 1,173,505 1,275,125 Depreciation and Amortization 4,497,082 3,949,978 13,300,877 11,371,459 Selling, General and Administrative 2,507,707 2,372,515 8,138,521 7,608,787 Total Operating Expenses 14,816,951 14,024,512 45,037,324 42,670,804 OPERATING INCOME 2,799,384 2,345,966 6,701,990 6,347,308 OTHER INCOME (EXPENSE) Interest Expense ( 3,076,442 ) ( 1,959,514 ) ( 8,164,140 ) ( 4,718,502 ) Interest/Dividend Income 20,409 14,307 155,839 159,353 Interest During Construction 281,729 243,113 716,119 439,356 Gain (Loss) on Sale of Investments - ( 38,096 ) ( 257,807 ) 4,022,401 CoBank Patronage Dividends - - 1,196,948 692,371 Other Investment Income 88,396 65,269 184,619 216,256 Total Other Income (Expense) ( 2,685,908 ) ( 1,674,921 ) ( 6,168,422 ) 811,235 INCOME BEFORE INCOME TAXES 113,476 671,045 533,568 7,158,543 INCOME TAXES EXPENSE 31,778 187,87

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View this 10-Q filing on SEC EDGAR