Cogent Communications Holdings, Inc. (CCOI) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Exhibit 99.1

Cogent Communications Reports Fourth Quarter 2014 and Full Year 2014 Results
and Increases Regular Quarterly Dividend on Common Stock

Financial and Business Highlights

·                  Service revenue for Q4 2014 of $96.7 million — an increase of 7.7% from $89.9 million for Q4 2013 and an increase of 1.1% from $95.7 million for Q3 2014

·                  On a constant currency basis, service revenue increased by 2.5% from Q3 2014 to Q4 2014 and increased by 10.0% from Q4 2013 to Q4 2014

·                  Service revenue for 2014 of $380.0 million — an increase of 9.2% from $348.0 million for 2013

·                  On a constant currency basis, service revenue increased by 9.6% from 2013 to 2014

·                  Cogent approves a 3.2% increase to its regular quarterly dividend to $0.32 per common share to be paid on March 26, 2015 to shareholders of record on March 11, 2015

·                  Under Cogent’s return of capital program, Cogent purchased 328,000 shares of its common stock for $10.6 million during Q4 2014 at an average price of $32.14 per share

·                  Under Cogent’s return of capital program, Cogent will pay an additional $1.4 million, or $0.03 per share with its regular quarterly dividend in order to pay a total of $12.0 million under its return of capital program

·                  In February 2015 Cogent refinanced $240.0 million of 8.375% senior secured debt due in 2018 with $250.0 million of 5.375% senior secured debt due in 2022 resulting in a $6.7 million annual reduction to cash interest expense

·                  EBITDA, as adjusted, for Q4 2014 of $33.6 million — an increase of 6.5% from $31.5 million for Q4 2013 and a decrease of 0.4% from $33.7 million for Q3 2014

·                  EBITDA, as adjusted, for 2014 of $133.0 million — an increase of 10.6% from $120.2 million for 2013

·                  EBITDA, as adjusted, margin was 34.7% for Q4 2014, 35.1% for Q4 2013 and 35.3% for Q3 2014

·                  EBITDA, as adjusted, margin increased to 35.0% for 2014 from 34.5% for 2013

·                  Legal fees included in SG&A expenses and associated with defending net neutrality were $1.2 million for Q4 2014 and $5.2 million for 2014

·                  Cash and cash equivalents were $287.8 million at December 31, 2014

·                  There were 2,125 buildings on the Cogent network at the end of Q4 2014

·                  There were 46,222 customer connections on the Cogent network at the end of Q4 2014 — an increase of 15.1% from 40,174 customer connections at the end of Q4 2013 and an increase of 3.6% from 44,630 customer connections at the end of Q3 2014