CCOI Q1 2024 Earnings — Cogent Communications Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOICogent Communications Holdings, Inc.

$1B

Q1 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$266M+73.3% YoY

Gross Profit

$97M36.5% margin

Operating Income

-$59M-22.3% margin

Net Income

-$65M-24.5% margin

EPS (Diluted)

$-1.38

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

-$22M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.6B

Stockholders' Equity

$501M

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$266M	$154M	+73.3%
Gross Profit	$97M	$95M	+2.4%
Operating Income	-$59M	$24M	-344.3%
Net Income	-$65M	$6M	-1162.2%

Geographic Segments

North America

$229M86%

Europe

$29M11%

South America

$6M2%

Oceania

$2M1%

Africa

$185,0000%