Chardan Capital Markets Maintains Bullish View on Cogent (COGT) on Expected Strong Revenue Growth and Margin Expansion
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cogint Announces Third Quarter 2016 Financial and Operating Results
November 3, 2016 4:07 PM EDTData and analytics company shows continued quarter-over-quarter revenue growth, driven by ongoing innovation and scale.
Business Highlights
Consolidated revenue increased to $52.2 million for the third quarter 2016 (a 27% increase over second quarter 2016) from $1.0 million for the third quarter 2015. Information Services and Performance Marketing segments contributed $14.8 million and $37.4 million in revenue during the quarter, respectively. Net loss of $9.7 million for the third quarter 2016, compared to $4.8 million for third quarter 2015, primarily due to noncash share-based compensation expenses and a one-time write-off of intangible assets. Adjusted EBITDA... More