CCOI Q1 2023 Earnings — Cogent Communications Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOICogent Communications Holdings, Inc.

$1B

Q1 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$154M+3.0% YoY

Gross Profit

$95M61.8% margin

Operating Income

$24M15.8% margin

Net Income

$6M4.0% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$13M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$998M

Total Liabilities

$1.5B

Stockholders' Equity

-$549M

Cash & Equivalents

$184M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$154M	$149M	+3.0%
Gross Profit	$95M	$92M	+3.5%
Operating Income	$24M	$29M	-15.5%
Net Income	$6M	$1M	+440.7%

Geographic Segments

North America

$89M76%

Europe

$22M19%

Oceania

$4M3%

South America

$2M1%

Africa

$199,0000%