MONITRONICS INTERNATIONAL INC (MTII) saw its loss widen to $27.03 million, or $2.23 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $24.33 million, or $1.87 a share.

Revenue during the quarter went up marginally by 0.65 percent to $142.76 million from $141.85 million in the previous year period. Gross margin for the quarter contracted 43 basis points over the previous year period to 79.65 percent. Total expenses were 89.32 percent of quarterly revenues, down from 93.72 percent for the same period last year. This has led to an improvement of 440 basis points in operating margin to 10.68 percent.

Operating income for the quarter was $15.25 million, compared with $8.91 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $84.94 million compared with $86.32 million in the prior year period. At the same time, adjusted EBITDA margin contracted 135 basis points in the quarter to 59.50 percent from 60.85 percent in the last year period.

Ascent chairman and chief executive officer, Bill Fitzgerald stated, "I am pleased with the steps Jeff and his team are taking to strengthen MONI’s operating performance and to keep pace in an evolving home security market. The MONI rebranding and the completion of the Credit Facility refinancing are both integral steps in our continued evolution and I am confident that the efforts we are taking today will position the business well for the long term."

The company has spent $157.26 million cash to meet investing activities during the nine month period as against cash outgo of $227.57 million in the last year period.

Cash flow from financing activities was $25.14 million for the nine month period, down 66.50 percent or $49.91 million, when compared with the last year period.

Cash and cash equivalents stood at stood at $31.66 million as at Sep. 30, 2016.