Loading...
•
Dec 31, 2021
Cogent Q4 2021 Earnings Report
Cogent's financial performance remained relatively stable with slight revenue growth, driven by on-net services, while managing the ongoing impacts of the COVID-19 pandemic.
Key Takeaways
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.
Service revenue reached $147.2 million, a 2.3% increase year-over-year.
On-net revenue increased by 3.4% year-over-year, reaching $110.7 million.
Off-net revenue decreased slightly by 1.0% year-over-year, totaling $36.3 million.
GAAP gross profit increased by 2.4% year-over-year to $68.2 million.
Cogent
Cogent
Cogent Revenue by Segment
Revenue by Segment
On-Net Revenue
CapyFin.comOff-Net Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income