Cogent reports Q4 service revenue $252.3M, net loss $0.91/shr; raises dividend $0.01 to $1.005

COGENT COMMUNICATIONS HOLDINGS, INC.

2024-FY EPS reported -$4.28 revenue$1,036,104,000

Service revenue $252.3M (down 1.9% QoQ); full year $1.036B (up 10.1% YoY).
EBITDA Q4 $41.9M (+16.7% QoQ); EBITDA as adjusted $66.9M (+9.8% QoQ).
Net loss per share $(0.91) basic and diluted; full year net loss $(4.28)/shr.
Dividend raised to $1.005/shr for Q1 2025 (payable 3/28/25, record 3/13/25); 50th consecutive increase.
Received $24.2M US federal income tax refund; no federal tax expected for 2024.

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