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Dec 31, 2020
Cogent Q4 2020 Earnings Report
Cogent reported an increase in service revenue and GAAP gross profit compared to the same quarter last year.
Key Takeaways
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.
Service revenue increased by 2.6% year-over-year, reaching $143.9 million.
On-net revenue increased by 4.3% year-over-year, totaling $107.1 million.
GAAP gross profit increased by 3.6% year-over-year, reaching $66.6 million.
The Board approved a regular quarterly dividend of $0.755 per common share.
Revenue by Segment
Forward Guidance
Cogent expects to continue to be impacted by the COVID-19 pandemic and the accompanying responses by governments around the world. Cogent’s workforce continues to work remotely with dedication. The ongoing impact of the COVID-19 pandemic and related government restrictions on Cogent’s business is unknown as a significant amount of uncertainty and volatility remains.
Challenges Ahead
- Cogent may experience slowdowns in new customer orders.
- Cogent may find it difficult to collect from customers who are experiencing financial distress.
- Cogent may undergo an increase in customer churn.
- Cogent may encounter difficulties accessing the buildings and locations where Cogent installs new services and serves existing customers.
- Cogent may have difficulties procuring, shipping or installing necessary equipment on its network.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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