secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059108
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent posts Q1 2024 net loss of $1.38/share; service revenue $266.2M; raises quarterly dividend to $0.975/share
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- Diluted EPS $(1.38) vs $4.17 in Q4 2023; GAAP gross margin 9.9% vs 10.9% in Q4.
- Service revenue $266.2M, down 2.2% sequentially; adjusted EBITDA $115.0M (43.2% margin), up from $110.5M.
- Quarterly dividend increased to $0.975/share payable June 7, 2024, 47th consecutive increase.
- Net cash provided by operating activities improved to $19.2M from $(48.7)M in Q4; gross leverage ratio improved to 3.57x from 4.07x.
- Issued $206M of 7.924% IPV4 Securitized Notes on May 2, 2024; T-Mobile IP Transit agreement contributed $87.5M in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924059108/0001104659-24-059108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924059108/tm2413490d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059108

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