Equillium Inc   (EQ)
Other Ticker:  
Price: $2.7800 $0.24 9.449%
Day's High: $3.25 Week Perf: -7.33 %
Day's Low: $ 2.54 30 Day Perf: 234.54 %
Volume (M): 589 52 Wk High: $ 3.25
Volume (M$): $ 1,638 52 Wk Avg: $0.78
Open: $2.61 52 Wk Low: $0.45

 Market Capitalization (Millions $) 97
 Shares Outstanding (Millions) 35
 Employees -
 Revenues (TTM) (Millions $) 43
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 0

Equillium Inc
We provide, both directly and through wholesale and sales agency relationships, a suite of communications services, consisting of local and long distance voice and data services, high-speed Internet access, wireless and satellite video services to consumer and business customers in our local service territories in 18 states. We also provide access to our local network and other wholesale communications services for other carriers, communications equipment for business markets and other communications-related services. Through our Logistics segment, we provide wholesale product distribution, logistics and configuration services.

We have a significant presence in Florida, North Carolina, Nevada and Ohio (these four states represent nearly two-thirds of all of our access lines). The remaining states (in order of number of access lines) are: Virginia, Pennsylvania, Texas, Indiana, Missouri, Tennessee, New Jersey, Minnesota, Kansas, South Carolina, Washington, Oregon, Nebraska and Wyoming. We are the 'carrier of last resort' and receive funding under universal service programs in certain of our local service territories.

We have service territories in 18 states and they include a broad range of geographies from the most metropolitan markets, such as Las Vegas, Nevada, to rural markets, such as Gun Barrel City, Texas. The customer base, marketing reach, competitors, network infrastructure and economics of the business vary widely among the geographies. Our access lines are split about evenly between metropolitan and rural markets.

Metropolitan markets allow for efficient advertising reach and utilization of personnel, particularly the technician field force. They also enjoy more widely available high-speed Internet coverage and speeds, higher concentrations of business and wholesale customers and good wireless coverage. However, metro locations already have strong competitors, such as cable and wireless companies and also competitive local exchange carriers, or CLECs, and are most likely to attract new entrants, driving prices down.

Our rural territories include smaller towns and less densely populated areas. The towns tend to have some wireless, cable and even CLEC competition, but the surrounding areas are generally only served by our network. We provide high-speed Internet capabilities in many of the small town markets we serve.


There is widespread competition among communications services providers. The traditional dividing lines between local, long distance, wireless, video and Internet services are increasingly becoming blurred. Through mergers, joint ventures and various service expansion strategies, major providers are striving to provide integrated services in many of the markets we serve. This trend is also reflected in changes in the regulatory environment that have encouraged competition and the offering of integrated services. We expect competition to intensify as a result of the entrance of new competitors and the rapid development of new technologies, products and services.

Competition may adversely impact our revenues and profits in several ways, including:

' The loss of customers and market share;

' The possibility of customers shifting to less profitable services;

' Forcing us to lower prices or increase capital or marketing expenses to remain competitive; and

' Increasing our need to incur additional costs in order to diversify our product or service offerings

As an ILEC, we increasingly face competition from alternate communication systems constructed by facilities-based providers, including CLECs, cable operators that offer Voice over Internet Protocol, or VoIP, service, long distance carriers, large customers, alternative access vendors, cities and local governments, rural over-builders and other entities. Some of these systems, which have become more prevalent as a result of the Telecom Act and recent technological developments, are capable of originating or terminating calls without use of the ILECs' networks or switching services. Other providers, including non-facilities based VoIP carriers, make use of the high-speed Internet access services that we provide to our customers and may displace the local, long distance, calling features and switched access revenues that we formerly obtained from conventional forms of voice services. We anticipate that all these trends will continue and will lead to increased competition with our services.

Much of the local competition that arose after the passage of the Telecom Act took the form of the resale of ILEC services or the use of ILECs' UNEs, either as a total package of service capabilities (generally referred to as the unbundled network element platform, or UNE-P), or in combination with facilities owned by the CLEC. We have traditionally been less subject to these forms of competition than larger ILECs serving more urban areas, and recent regulatory decisions have relieved ILECs of the obligation to make UNE-P available to competitors. See 'Legislative and Regulatory Developments.' However, we continue to offer UNE-P services to CLECs operating in our territory in accordance with our commercial agreements and our interconnection agreements. Additionally, we are facing increasing competition from cable operators who offer VoIP services in competition with the local and long distance voice services we provide our customers. Deployment of VoIP services by cable operators increased significantly in recent years and will continue to increase for the foreseeable future. We intend to actively monitor these developments, to observe the effect of emerging competitive trends in larger markets and to develop appropriate competitive responses.

Furthermore, wireless communications services increasingly constitute a significant source of competition for local communications services, especially as wireless carriers expand, improve their network coverage and continue to lower their prices. As a result, some customers have chosen to completely forego use of traditional wireline phone service and instead rely solely on wireless services. We anticipate that the trend toward using wireless services will continue, particularly if wireless service rates continue to decline and the quality of wireless services improves.

Many of our current and potential competitors have market presence, engineering, technical and marketing capabilities as well as financial, personnel and other resources that are more abundant than ours. In addition, some of our competitors can conduct operations or raise capital at a lower cost than we can and are subject to less regulation, taxes or fees. Consequently, some competitors may be able to charge lower prices for their products and services, develop and expand their communications and network infrastructures more quickly, adapt more swiftly to new or emerging technologies and changes in customer requirements and devote greater resources to the marketing and sale of their products and services than we can.

Despite the various challenges facing our business, our numerous strengths such as our established customer relationships, existing network architecture, extensive product and service expertise and wide array of bundled offerings, are helping us in our efforts to reduce access line losses and grow our customer base. We intend to continue challenging the competition with:

' Innovative bundled offerings that not only respond to but anticipate our customers' changing needs;

' New product offerings, such as continued roll-out of high-speed Internet access;

' Effective customer care and simplified billing; and

' Attractive and simplified pricing.

   Company Address: 2223 Avenida de la Playa La Jolla 92037 CA
   Company Phone Number: 412-5302   Stock Exchange / Ticker: NASDAQ EQ
   EQ is expected to report next financial results on March 22, 2024.


Stock Performances by Major Competitors

5 Days Decrease / Increase
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Equillium Inc

Equillium Inc Achieves Revenue of $8.87 Million, Reflecting Positive Financial Growth in Q3 2023

Equillium Inc, a major pharmaceutical preparations company, recently released its financial results for the July to September 30, 2023 fiscal time frame. The company reported revenue of $8.87 million for this period, along with a narrowed net loss of $-3.710 million compared to a deficit of $-13.655 million in the same reporting period a year ago. This article will delve into the financial results and provide an overview of Equillium Inc's current performance and stock market fluctuations.
Financial Results:
Equillium Inc has shown a remarkable improvement in its financial results for the July to September 30, 2023 fiscal time frame. The company reported revenue of $8.87 million, indicating a substantial increase from the previous year. Moreover, Equillium Inc managed to narrow its net loss to $-3.710 million from the deficit of $-13.655 million reported in the same time frame last year. This positive outcome showcases the company's efforts to optimize its operational efficiency and streamline its financial performance.

Equillium Inc

Equillium Inc Generates Remarkable $9.124 Million Revenue, Cutting Losses By Nearly 80%

Equillium Inc, a clinical-stage biotechnology company, recently released its financial results for the most recent fiscal period, reporting a revenue of $9.124 million. This signifies a significant improvement compared to the same reporting period a year ago, where the company faced a net loss of $14.129 million. However, in the most recent period, the company managed to reduce its net loss to $3.343 million.
These financial results indicate a positive shift for Equillium Inc, showing a strong performance in revenue generation and a notable reduction in losses. These figures highlight the company's ability to improve its financial position and drive growth.

Equillium Inc

1) Major Pharmaceutical Company Thrives, Reporting $8.879 Million Revenue Amidst Pandemic - Equillium Inc Follows Suit with Remarkable Turnaround

The pharmaceutical industry is one of the most lucrative in the world, with numerous companies vying to dominate the market. Amongst these, the Major Pharmaceutical Preparations company stands out as an industry leader, having recently reported revenue of $8.879 million. This impressive figure highlights the company's ability to not only weather the storm of the pandemic but also to flourish in the current economic climate.
Equillium Inc, a company in the same industry, has also been making waves recently, despite reporting a net shortfall of $-3.940 million in their most recent fiscal period. This is a marked improvement from the same period a year ago, where the company had reported a staggering deficit of $-37.417 million. This indicates that Equillium Inc has been able to turn things around and is on a path towards sustained growth.


Equillium Inc's Segments
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Equillium Inc's Operating Statistics Decrease / Increase
Average households served (thousands)   Average households served (thousands) Decline   
Monthly Rev. Per Avg. Household ($)    Monthly Rev. Per Avg. Household ($) Growth   
Access Lines Consumer (thousands)   Access Lines Consumer (thousands) Decline   
Access Lines Business (thousands)   Access Lines Business (thousands) Decline   
Access Lines Wholesale (thousands)   Access Lines Wholesale (thousands) Decline   
Access Lines Total (thousands)   Access Lines Total (thousands) Decline   
HSI Lines Consumer (thousands)   HSI Lines Consumer (thousands) Decline   
HSI Lines Business (thousands)   HSI Lines Business (thousands) Decline   
HSI Lines Wholesale (thousands)   HSI Lines Wholesale (thousands) Decline   
HSI Lines Total (thousands)   HSI Lines Total (thousands) Decline   
Monthly Rev. Per Avg. HSI Subscribers ($)   Monthly Rev. Per Avg. HSI Subscribers ($) Decline   
Wireless Subscribers Consumer (thousands)   Wireless Subscribers Consumer (thousands) Decline   
Wireless Subscribers Business (thousands)   Wireless Subscribers Business (thousands) Decline   
Wireless Subscribers Total (thousands)   Wireless Subscribers Total (thousands) Decline   
Entertainment Subscribers (thousands)    Entertainment Subscribers (thousands) Growth   


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