secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K/A
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001104659-23-089811
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent corrects Q2 EBITDA adjusted to $54.1M; reports $1.2B Sprint gain, dividend raised to $0.945
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- Correction: Q2 2023 EBITDA as adjusted for Sprint costs and IP Transit payments is $54.1M, not $56.0M as originally reported.
- Revenue $239.8M up 56.1% QoQ; $78.0M from Sprint wireline business acquired May 1, 2023.
- Basic EPS $23.84 includes $1.2B bargain purchase gain from Sprint acquisition.
- Regular quarterly dividend increased to $0.945/share (up 1.1% QoQ), payable Sept 8 to holders of record Aug 24.
- Net cash from ops $82.7M, up 130.7% QoQ; on-net connections up 12.8% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923089811/0001104659-23-089811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923089811/tm2323172d2_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089811

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