The only reference to future wifi/small cell carrier revenue was in terms of "profit potential". (other than a hypothetical reference) Nothing concrete, and that is a frustration to the street as well as some of us individual investors.
However, while I am concerned I also continue to be optimistic.
I especially appreciated the point that they currently have no SSID's available in Manhattan.
All are being utilized either by customers or in the implementation of trials.
The purchase of Skype by MS as well as the deals MS is making for Win8 backhaul may also prove advantageous to TWER.
Its also significant that TWER is "Passpoint Ready", as Jeff said, they can turn on the switch for full generic service anytime a customer says: Go.
The focus of major carriers on the NYC/SF markets also meshes nicely with TWER's buildout (and may not be coincidental.)
The first quarter of 2013 seems to be a key inflection point.
gdaven11 is correct the revenue potential was hit upon in the cc and there was enough light shed on future revenues to the point where future financing is not so much a concern as it may have been just a few months back.