secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001104659-23-115992
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923115992/0001104659-23-115992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465923115992/tm2330046d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115992

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