Re: “Local company ups the ante on Click lease proposal” (editorial, 4-30).
It’s a common misconception that Tacoma’s Click network is a perennial loser. This is simply not the case. All these “losses” are due to amortization of “sunk costs” from building the entire telecommunications network, costs that rightfully should be charged off since they are left over from Tacoma Public Utilities’ failed smart meter program.
Click’s revenues are actually growing, and it is genuinely cash-flow positive. In 2014 Click’s revenues rose 3 percent to a record $27 million. Operating profits were $3,722,723.
It’s only the depreciation and amortization expense of $5,128,915 that creates the small …