CCOI Q3 2024 Earnings — Cogent Communications Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOICogent Communications Holdings, Inc.

$1B

Q3 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$257M-6.6% YoY

Gross Profit

$96M37.2% margin

Operating Income

-$58M-22.5% margin

Net Income

-$63M-24.5% margin

EPS (Diluted)

$-1.33

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$79M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.9B

Stockholders' Equity

$324M

Cash & Equivalents

$279M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$257M	$275M	-6.6%
Gross Profit	$96M	$102M	-6.1%
Operating Income	-$58M	-$51M	-14.4%
Net Income	-$63M	-$57M	-11.3%

Geographic Segments

North America

$220M85%

Europe

$29M11%

Oceania

$6M2%

South America

$2M1%

Africa

$153,0000%