Cogent Earnings Reports

Cogent Communications reported Q4 2024 revenue of $252.3 million, a 7.3% decline year-over-year. Despite lower revenue, EBITDA improved to $41.9 million, with an EBITDA margin expansion to 16.6%. Net loss was $43.3 million, narrowing from a net income of $200.2 million in Q4 2023, which included a one-time gain from the Sprint acquisition.

Cogent Communications reported a service revenue of $257.2 million for Q3 2024, a decrease of 1.2% from the previous quarter and 6.6% year-over-year. The company experienced a net loss per share of $(1.33). The Board approved a regular quarterly dividend of $0.995 per share, representing a 1.0% increase from the previous quarter.

Cogent Communications announced service revenue of $260.4 million for the three months ended June 30, 2024, representing a decrease of 2.2% from the previous quarter and an increase of 8.6% year-over-year. The company's on-net revenue increased, while off-net revenue decreased compared to the previous quarter. The Board approved a regular quarterly dividend increase of $0.01 per share.

Cogent Communications reported service revenue of $266.2 million for Q1 2024, a decrease of 2.2% from the previous quarter and an increase of 73.3% year-over-year. The Board approved a dividend increase of $0.01 per share to $0.975.

Cogent Communications Holdings, Inc. reported a service revenue of $272.1 million for Q4 2023, representing a 79.0% increase year-over-year. On-net revenue reached $141.2 million, while off-net revenue was $123.7 million. The Board approved a quarterly dividend increase to $0.965 per share.

Cogent Communications reported a significant increase in service revenue for Q3 2023, primarily driven by growth in on-net and off-net services, along with contributions from wavelength revenue following the Sprint acquisition. Despite revenue growth, the company experienced a decrease in GAAP gross profit and reported a net loss per share.

Cogent Communications reported a significant increase in service revenue for Q2 2023, driven by the acquisition of the Sprint Wireline Business. The company recorded a $1.2 billion gain on bargain purchase and increased its quarterly dividend.

Cogent Communications announced service revenue of $153.6 million for the three months ended March 31, 2023, representing a 3.0% increase compared to the same period in 2022. Basic and net diluted income per share was $0.13 for the three months ended March 31, 2023. The company closed its acquisition of the Sprint Wireline Business on May 1, 2023 and increased its regular quarterly dividend by 1.1% to $0.935 per share.

Cogent Communications reported an increase in service revenue for Q4 2022, along with a rise in GAAP and non-GAAP gross profit. The company's board also approved an increase in the regular quarterly dividend.

Cogent Communications reported a slight increase in service revenue for Q3 2022, with growth in both on-net and off-net services. However, the company reported a net loss per share.

Cogent Communications reported a slight decrease in service revenue, but experienced growth in total customer connections. The company's basic net and diluted income per share increased to $0.24.

Cogent Communications reported a service revenue increase of 1.3% compared to the previous quarter and 1.6% year-over-year, reaching $149.2 million for the three months ended March 31, 2022. The company managed impacts from foreign exchange rates and excise taxes while experiencing growth in on-net revenue.

Cogent Communications reported service revenue of $147.2 million for Q4 2021, a slight decrease of 0.5% from the previous quarter but a 2.3% increase year-over-year. The company's on-net revenue increased by 3.4% year-over-year, while off-net revenue decreased by 1.0%. The company is managing the impact of the COVID-19 pandemic, which introduces uncertainty.

Cogent Communications reported a service revenue increase of 4.0% year-over-year and 0.03% sequentially. The company's on-net revenue and total customer connections also increased. The Board approved a dividend increase of $0.025 per share from the third quarter 2021.

Cogent Communications reported a service revenue of $147.9 million for the three months ended June 30, 2021, representing a 0.8% increase from the previous quarter and a 4.9% increase year-over-year. The company's Board approved a regular quarterly dividend of $0.805 per common share, marking a 3.2% increase from the previous quarter.

Cogent Communications reported a service revenue increase of 2.0% from the previous quarter and 4.2% year-over-year, reaching $146.8 million. The company saw growth in on-net revenue and total customer connections, with a basic and diluted net income per share of $0.41.

Cogent Communications announced its Q4 2020 results, revealing a service revenue of $143.9 million, a 2.6% increase year-over-year. The company's GAAP gross profit reached $66.6 million, reflecting a 3.6% increase from the previous year. The Board also approved a quarterly dividend increase.

Cogent Communications reported a 3.9% year-over-year increase in service revenue, reaching $142.3 million for the quarter ended September 30, 2020. The company experienced growth in on-net revenue and managed the impact of the COVID-19 pandemic, which included a decrease in sales productivity and potential customer delays.

Cogent Communications reported a service revenue of $141.0 million for Q2 2020, a 0.1% increase from the previous quarter and a 4.6% increase year-over-year. The company experienced growth in on-net revenue and total customer connections, while navigating the challenges posed by the COVID-19 pandemic, including decreased sales productivity among corporate customers.

Cogent Communications announced service revenue of $140.9 million for Q1 2020, a 5.1% increase year-over-year and a 0.4% increase from the previous quarter. The company's total customer connections reached 87,213, a 5.7% increase from the previous year. The Board approved a regular quarterly dividend of $0.68 per common share.

Cogent Communications announced its Q4 2019 results, with service revenue reaching $140.3 million, a 6.2% increase year-over-year. GAAP gross profit increased by 16.0% to $64.3 million. The Board approved a regular quarterly dividend of $0.66 per common share.