secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-115061
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent Q3 revenue $257.2M (-1.2% QoQ); GAAP loss per share $(1.33); dividend hiked to $0.995
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- Service revenue $257.2M, down 1.2% sequentially and 6.6% YoY; wavelength revenue rose 45.8% to $5.3M.
- GAAP net loss per share $(1.33) vs $(0.68) in Q2; GAAP gross margin fell to 3.8% from 11.6% in Q2.
- EBITDA improved 32.2% QoQ to $35.9M; margin 13.9% vs 10.4% in Q2; cash from ops improved to $20.2M.
- Board approved Q4 dividend of $0.995/share, up $0.01 QoQ; 49th consecutive quarterly increase, payable Dec 6.
- On-net buildings up 167 YoY to 3,424; total customer connections down 8.5% YoY; Com'l Agreement rev $4.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924115061/0001104659-24-115061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924115061/tm2427584d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115061

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