secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001104659-23-089550
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent Q2 2023: revenue up 56% QoQ; $1.2B bargain purchase gain; EPS $23.84; dividend raised to $0.945
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- Service revenue $239.8M, up 56.1% QoQ and 61.5% YoY, including $78M from acquired Sprint Wireline Business.
- Gain on bargain purchase from Sprint acquisition of $1.2B; includes $620.4M discounted value of $700M IP Transit Agreement with T-Mobile.
- Basic EPS $23.84, diluted $23.65; net income reflects the $1.2B gain.
- Regular quarterly dividend increased to $0.945/share, payable Sept 8, 2023; 44th consecutive quarterly increase.
- EBITDA as adjusted $54.1M (22.5% margin), adding back $29.2M cash from IP Transit agreement and excluding $0.7M acquisition costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923089550/0001104659-23-089550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923089550/tm2323172d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089550

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer