cogent communications holdings accumulated builder basket

Off-net customers are located in buildings directly connected to Cogents network using other carriers facilities and services to provide the last mile portion of the link from the customers premises to Cogents network. On-net revenue was $93.0 million for the three months ended June 30, 2018 an increase of 0.7% from the three months ended March 31, 2018 and an increase of 8.7% over the three months ended June 30, 2017. On-net service is provided to customers located in buildings that are physically connected to Cogents network by Cogent facilities. On a constant currency basis, service revenue grew by 1.1% from the three months ended March 31, 2018 to the three months ended June 30, 2018 and grew by 6.3% from the three months ended June 30, 2017 to the three months ended June 30, 2018. Foreign exchange negatively impacted service revenue growth from the three months ended March 31, 2018 to the three months ended June 30, 2018 by $0.8 million and positively impacted service revenue growth from the three months ended June 30, 2017 to the three months ended June 30, 2018 by $1.9 million. (NASDAQ: CCOI) today announced service revenue of $129.3 million for the three months ended June 30, 2018, an increase of 7.9% from the three months ended June 30, 2017 and an increase of 0.5% from the three months ended March 31, 2018.

Cash flow from operations increased by 3.6% from Q1 2018 to Q2 2018 to $31.3 million and increased from Q2 2017 to Q2 2018 by 11.5%.

GAAP gross profit increased by 9.9% from Q2 2017 to $54.7 million for Q2 2018 and GAAP gross margin increased by 80 basis points to 42.3% from Q2 2017 to Q2 2018.

EBITDA increased by 4.1% from Q1 2018 to Q2 2018 to $45.9 million and increased from Q2 2017 to Q2 2018 by 14.5%.

EBITDA margin increased by 120 basis points from Q1 2018 to 35.5% and increased by 200 basis points from Q2 2017.

Service revenue increased by 0.5% from Q1 2018 to Q2 2018 to $129.3 million and increased from Q2 2017 to Q2 2018 by 7.9%.

Service revenue, on a constant currency basis, increased by 1.1% from Q1 2018 to Q2 2018 and increased from Q2 2017 to Q2 2018 by 6.3%.

Cogent Groups consolidated leverage ratio, as defined in Cogent Groups indenture agreements, is below 4.25 which will allow Cogent Holdings to utilize its accumulated builder basket.Cogent approves a 3.8% increase of $0.02 per share to its regular quarterly dividend to $0.54.Cogent Communications Reports Second Quarter 2018 ResultsĪnd Increases Regular Quarterly Dividend on Common Stock

Cogent communications holdings accumulated builder basket