secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-087003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent Q2 service revenue $260.4M, up 8.6% YoY; net loss $(0.68)/share; dividend raised to $0.985
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- Service revenue $260.4M, down 2.2% QoQ but up 8.6% YoY; on-net revenue $140.6M (+10.3% YoY).
- GAAP net loss per share $(0.68) for Q2 2024 vs. $(1.38) in Q1 2024 and $23.84 income in Q2 2023.
- Adjusted EBITDA $106.2M (40.8% margin) vs. $115.0M (43.2%) in Q1 2024 and $54.1M (22.5%) in Q2 2023.
- Dividend increased to $0.985/share for Q3 2024, payable Sept 6 to holders of record Aug 22 — 48th consecutive quarterly increase.
- Total customer connections fell 15.0% YoY to 128,782; on-net buildings up 159 YoY to 3,386.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924087003/0001104659-24-087003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924087003/tm2421010d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087003

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