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Cogent Communications Holdings, Inc. (CCOI) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Cogent Communications Holdings, Inc.

CIK: 1158324 Ticker: CCOI

 

Exhibit 99.1

 

 FOR IMMEDIATE RELEASE

 

Cogent Contacts:  
For Public Relations: For Investor Relations:  
Jocelyn Johnson John Chang
+ 1 (202) 295-4299 + 1 (202) 295-4212
jajohnson@cogentco.com investor.relations@cogentco.com

 

Cogent Communications Reports Second Quarter 2019 Results
and Increases Regular Quarterly Dividend on Common Stock

Financial and Business Highlights 

 

·Cogent approves a $0.02 increase per share to its regular quarterly dividend to $0.62 per share for Q3 2019 from $0.60 per share for Q2 2019 - the twenty-eighth consecutive quarterly dividend increase.

 

oThe Q3 2019 $0.62 dividend per share represents an annual increase of 14.8% from the dividend per share of $0.54 for Q3 2018.

 

·Cogent Group issued 135.0 million Euros ($153.7 million) of senior unsecured notes in June 2019. The notes accrue interest at 4.375% and mature on June 30, 2024.

 

·Service revenue, on a constant currency basis, increased by 0.7% from Q1 2019 to Q2 2019 and increased from Q2 2018 to Q2 2019 by 5.4%.

 

oService revenue increased by 0.5% from Q1 2019 to Q2 2019 and increased from Q2 2018 to Q2 2019 by 4.2%.

 

·GAAP gross profit increased by 10.4% from Q2 2018 to $60.4 million for Q2 2019 and non-GAAP gross profit increased by 7.3% from Q2 2018 to $80.6 million for Q2 2019

 

oGAAP gross margin increased by 250 basis points from Q2 2018 to Q2 2019 to 44.8% and non-GAAP gross margin increased by 170 basis points from Q2 2018 to Q2 2019 to 59.8%.

 

·Cash flow from operations increased by 29.9% from Q2 2018 to $40.6 million for Q2 2019 and increased by 41.9% from Q1 2019.

 

[WASHINGTON, D.C. August 8, 2019]

Cogent Communications Holdings, Inc. (NASDAQ: CCOI) today announced service revenue of $134.8 million for the three months ended June 30, 2019, an increase of 4.2% from the three months ended June 30, 2018 and an increase of 0.5% from the three months ended March 31, 2019. Foreign exchange negatively impacted service revenue growth from the three months ended March 31, 2019 to the three months ended June 30, 2019 by $0.3 million and negatively impacted service revenue growth from the three months ended June 30, 2018 to the three months ended June 30, 2019 by $1.5 million. On a constant currency basis, service revenue grew by 0.7% from the three months ended March 31, 2019 to the three months ended June 30, 2019 and grew by 5.4% from the three months ended June 30, 2018 to the three months ended June 30, 2019.

 


The following information was filed by Cogent Communications Holdings, Inc. (CCOI) on Thursday, August 8, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Cogent Communications Holdings, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Comprehensive Income (Parenthetical)
Commitments And Contingencies:
Commitments And Contingencies: Current And Potential Litigation (Details)
Common Stock Buyback Program Stock Option And Award Plan:
Common Stock Buyback Program Stock Option And Award Plan: (Details)
Description Of The Business And Recent Developments - Financial Instruments (Details)
Description Of The Business And Recent Developments:
Description Of The Business And Recent Developments: (Details)
Description Of The Business And Recent Developments: (Policies)
Description Of The Business And Recent Developments: (Tables)
Description Of The Business And Recent Developments: Basic And Diluted Net Income Per Common Share (Details)
Description Of The Business And Recent Developments: Gross Receipts Taxes, Universal Service Fund And Other Surcharges (Details)
Description Of The Business And Recent Developments: Recent Accounting Pronouncements - Adopted (Details)
Description Of The Business And Recent Developments: Revenue Recognition (Details)
Description Of The Business And Recent Developments: Stockholder's Deficit (Details)
Dividends On Common Stock:
Dividends On Common Stock: (Details)
Income Taxes:
Income Taxes: (Tables)
Income Taxes: Components Of Income Before Income Taxes (Details)
Long-Term Debt:
Long-Term Debt: Issuance Of 2024 Notes (Details)
Long-Term Debt: Limitations Under The Indentures (Details)
Property And Equipment:
Property And Equipment: (Details)
Property And Equipment: Exchange Agreement (Details)
Property And Equipment: Installment Payment Agreement (Details)
Related Party Transactions:
Related Party Transactions: (Details)
Segment Information:
Segment Information: (Details)
Segment Information: (Tables)

Material Contracts, Statements, Certifications & more

Cogent Communications Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CCOI
CIK: 1158324
Form Type: 10-Q Quarterly Report
Accession Number: 0001410578-19-000725
Submitted to the SEC: Thu Aug 08 2019 7:18:34 AM EST
Accepted by the SEC: Thu Aug 08 2019
Period: Sunday, June 30, 2019
Industry: Communications Services

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