Cogent Q3 2023 revenue up 83.6% YoY to $275.4M but net loss per share $1.20; dividend raised to $0.955

COGENT COMMUNICATIONS HOLDINGS, INC.

2023-Q3 EPS reported $22.54 revenue$668,822,000

Q3 2023 service revenue $275.4M, up 14.9% QoQ and 83.6% YoY.
Net loss per share $1.20 (basic and diluted); net cash used in operations $52.4M.
GAAP gross margin fell to 5.5% from 20.8% in Q2; Non-GAAP margin 37.1%.
EBITDA as adjusted $131.4M, margin 47.7%; gross leverage 4.79, net leverage 4.24.
Dividend increased to $0.955/share (+1.1% QoQ, +4.4% YoY); 45th consecutive quarterly increase.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COGENT COMMUNICATIONS HOLDINGS, INC. reported the three months ended September 30, 2023 results: revenue $275.4 million.

Period: the three months ended September 30, 2023
Revenue: $275.4 million
Result: reported results

Exact text from the filing

Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (“Cogent”) today announced service revenue of $275.4 million for the three months ended September 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

COGENT COMMUNICATIONS HOLDINGS, INC. reported financial results for the three months ended June 30, 2023.

Period: the three months ended June 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, Cogent Communications Holdings, Inc. issued a press release summarizing its financial results for the third quarter of 2023

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COGENT COMMUNICATIONS HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-115992

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