Boingo Wireless Reports Second Quarter 2020 Financial Results
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Boingo Wireless (WIFI) Misses Q2 EPS by 5c, Revenues Miss
August 4, 2020 4:49 PM EDTBoingo Wireless (NASDAQ: WIFI) reported Q2 EPS of ($0.13), $0.05 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $58.7 million versus the consensus estimate of $61.08 million.
Second Quarter 2020 Financial Highlights
Revenue of $58.7 million decreased 2.0% compared to $59.9 million in the first quarter of 2020 and decreased 14.4% compared to $68.6 million in the second quarter of 2019.Military/multifamily revenue of $23.7 million increased 4.4% compared to $22.7 million in the first quarter of 2020 and decreased 2.8% compared to $24.4 million in the second quarter of 2019.DAS revenue of $22.2 million modestly increased compared to the first quarter of 2020 and... More