Cogent Communication (CCOI) Declares $0.975 Quarterly Dividend; 6.2% Yield
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Cogent Communications Reports First Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock
May 9, 2024 6:58 AM EDTFinancial and Business Highlights
Service revenue for Q1 2024 was $266.2 million and $272.1 million for Q4 2023.Wavelength revenue increased sequentially by 7.0% to $3.3 million for Q1 2024.Revenue under the Commercial Services Agreement with T-Mobile was $8.6 million for Q4 2023 and $3.2 million for Q1 2024. Non-core revenue decreased from Q4 2023 to Q1 2024 by 16.8% from $7.3 million to $6.0 million.Net cash used in operating activities was $48.7 million for Q4 2023 and net cash provided by... More