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Sep 30, 2022
Cogent Q3 2022 Earnings Report
Cogent's service revenue increased slightly, driven by growth in both on-net and off-net services, but net loss per share was reported.
Key Takeaways
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.
Service revenue increased by 1.0% from the previous quarter and 1.4% year-over-year.
On-net revenue increased by 1.1% from the previous quarter and 1.9% year-over-year.
Off-net revenue increased by 0.9% from the previous quarter but decreased by 0.1% year-over-year.
Basic net and diluted loss per share was $(0.17).
Cogent
Cogent
Cogent Revenue by Segment
Revenue by Segment
On-Net Revenue
CapyFin.comOff-Net Revenue
CapyFin.com Forward Guidance
Cogent will host a conference call with financial analysts at 8:30 a.m. (ET) on November 3, 2022 to discuss Cogent’s operating results for the third quarter of 2022 and to discuss Cogent’s expectations for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income