CCOI Q2 2023 Earnings — Cogent Communications Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOICogent Communications Holdings, Inc.

$1B

Q2 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$229M+54.1% YoY

Gross Profit

$102M44.7% margin

Operating Income

-$35M-15.1% margin

Net Income

$1.1B491.2% margin

EPS (Diluted)

$23.65

QoQ Revenue Growth

+49.0%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$45M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.6B

Stockholders' Equity

$539M

Cash & Equivalents

$192M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$229M	$148M	+54.1%
Gross Profit	$102M	$92M	+11.3%
Operating Income	-$35M	$30M	-217.0%
Net Income	$1.1B	$11M	+9966.8%

Geographic Segments

Europe

$22M75%

Oceania

$4M13%

South America

$2M6%

North America

$2M5%

Africa

$177,0001%