Platinum Equity-backed prison phone and tablet company Aventiv Technologies LLC reported an improvement in quarterly earnings, according to people with knowledge of the matter, as the firm struggles to refinance its upcoming maturities.
Aventiv, the parent company of brands including Securus Technologies and JPay, reported $156 million in revenue in the second quarter ended June 30, up about 5% year-over-year, said the people, who asked not to be identified because the company is private. Adjusted earnings before interest, taxes, depreciation and amortization came in at $66 million, up about 18% from the comparable period last year.
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