CCOI Q3 2023 Earnings — Cogent Communications Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOICogent Communications Holdings, Inc.

$1B

Q3 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$275M+83.6% YoY

Gross Profit

$102M37.0% margin

Operating Income

-$51M-18.4% margin

Net Income

-$57M-20.6% margin

EPS (Diluted)

$-1.20

QoQ Revenue Growth

+20.4%

Cash Flow

Operating Cash Flow

-$52M

Free Cash Flow

-$78M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.5B

Stockholders' Equity

$442M

Cash & Equivalents

$166M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$275M	$150M	+83.6%
Gross Profit	$102M	$93M	+9.8%
Operating Income	-$51M	$28M	-280.0%
Net Income	-$57M	-$8M	-608.4%

Geographic Segments

North America

$240M87%

Europe

$27M10%

Oceania

$6M2%

South America

$2M1%

Africa

$185,0000%