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Dec 31, 2022
Cogent Q4 2022 Earnings Report
Cogent's service revenue increased, gross profit rose, and the board approved a dividend increase.
Key Takeaways
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.
Service revenue increased by 1.3% compared to the previous quarter and 3.2% year-over-year.
GAAP gross profit increased by 4.7% year-over-year.
Non-GAAP gross profit increased by 4.6% year-over-year.
The Board approved a 1.1% increase in the quarterly dividend to $0.925 per share.
Revenue by Segment
Forward Guidance
Cogent expects full year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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