Core Viewpoint - Cogent Communications Holdings, Inc. will present at the RBC Capital Markets 2024 Global TIMT Conference on November 20, 2024, at 9:20 a.m. ET, led by CEO Dave Schaeffer [1]. Company Overview - Cogent is a facilities-based provider of low-cost, high-speed Internet access and private network services, primarily serving bandwidth-intensive businesses [3]. - The company operates an all-optical IP network backbone across 260 markets globally [3]. - Cogent is headquartered in Washington, D.C., and can be contacted via their website or phone [3].

Cogent Communications Holdings, Inc. (CCOI) reported mixed third-quarter 2024 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Washington, DC-based leading Internet service provider reported a top-line decline year over year, owing to weakness in net-centric and corporate business.CCOI’s Net IncomeThe company reported a net loss of $63.1 million or $1.33 per share compared wit ...

NASDAQ CCOI INVESTOR PRESENTATION Cautionary Note Regarding Forward‐Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future, not past, events and are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as: "will", "expect", "believe", "continue ", "optimistic", "shou ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $257.2 million, with a sequential increase of $2.1 million or approximately 0.7% when excluding certain impacts [4][6] - EBITDA increased sequentially by $8.7 million, with an adjusted EBITDA margin of 23.7% compared to 40.8% in Q2 2024 [7][33] - Gross debt to trailing twelve months EBITDA as adjusted ratio was 4.94, while net debt ratio increased to 4.13 from 3.14 in the previous quarter [9][40] Business Line Data and Key Metrics Changes - Wavelength revenues increased sequentially by 45.8% to $5.3 million and 76.7% year-over-year [6][26] - IPv4 leasing revenue increased sequentially by 11.8% to $12.8 million, with a year-over-year increase of 31.5% [6][27] - Corporate business represented 45.2% of revenues, decreasing by 3.5% year-over-year and 2.8% sequentially [19] - Net-centric business represented 35.7% of revenues, decreasing by 3.2% year-over-year but growing sequentially by 0.8% [20] Market Data and Key Metrics Changes - On-net revenue was $136.5 million, a year-over-year increase of 5.8% but a sequential decrease of 3% [24] - Off-net revenue was $111.3 million, with a year-over-year decrease of 14.8% and a sequential decrease of 0.1% [25] - Non-core revenue decreased sequentially by $500,000 to $4.1 million, reflecting the decision to phase out non-core products [28] Company Strategy and Development Direction - The company expects long-term average revenue growth of 5% to 7% and adjusted EBITDA margins to expand by approximately 100 basis points annually [14][15] - The integration of the Sprint network is a priority, with a focus on optimizing wavelength services and expanding data center capabilities [50][46] - The company is actively marketing excess data center capacity and power on a wholesale basis, aiming to monetize these assets [50][51] Management's Comments on Operating Environment and Future Outlook - Management highlighted substantial traffic growth in the net-centric IP business, with an 8% sequential growth rate and 19% year-over-year growth [44][87] - The company remains optimistic about the growth potential in the wavelength business, projecting a material ramp in growth by 2025 [58] - Management acknowledged challenges in provisioning but expressed confidence in meeting customer demands and optimizing service delivery [55][90] Other Important Information - The company increased its quarterly dividend by $0.01 per share, marking the 49th consecutive increase [13] - Cash and cash equivalents at quarter-end totaled $316.1 million, with total gross debt at par including finance IRU obligations at $1.9 billion [39][40] - The average price per megabit for the installed base decreased sequentially by 8.5% to $0.23 [29] Q&A Session Summary Question: Comments on the wavelengths business and backlog growth - Management confirmed substantial increases in wavelength service endpoints and expressed confidence in meeting provisioning targets by year-end [53][54] - The backlog is expected to grow materially as the company demonstrates success in delivering wavelengths [57][58] Question: Network cost outlook and future run rates - Management indicated that overall costs will improve as unprofitable products are eliminated and one-time expenses are resolved [59][60] Question: On-net revenue decline and future contracts - The decline was attributed to a reduction in the commercial services agreement with T-Mobile and the termination of a low-margin contract [70][71] Question: Data center sales and CapEx implications - Management expects to have transactions before June 2025 and confirmed that ongoing CapEx related to data centers will not continue beyond initial conversions [96]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-5706863 (State or Other Jurisdiction of Inco ...

Cogent Communications (CCOI) reported $257.2 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.6%. EPS of -$1.33 for the same period compares to -$1.13 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $260.33 million, representing a surprise of -1.20%. The company delivered an EPS surprise of +0.75%, with the consensus EPS estimate being -$1.34.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...

Cogent Communications (CCOI) came out with a quarterly loss of $1.33 per share versus the Zacks Consensus Estimate of a loss of $1.34. This compares to loss of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.75%. A quarter ago, it was expected that this internet service provider would post a loss of $1.31 per share when it actually produced a loss of $0.75, delivering a surprise of 42.75%.Over the last four quarters, t ...

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 Third Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock Financial and Business Highlights · Service revenue was $2 ...

Financial and Business Highlights Service revenue was $260.4 million for Q2 2024 and was $257.2 million for Q3 2024. Wavelength revenue increased by 45.8%, sequentially, and was $3.6 million for Q2 2024 and $5.3 million for Q3 2024. Revenue from leasing IPv4 addresses increased by 11.8%, sequentially, and was $11.5 million for Q2 2024 and $12.8 million for Q3 2024. EBITDA increased by 32.2% from Q2 2024 to $35.9 million for Q3 2024. EBITDA margin was 10.4% for Q2 2024 and 13.9% for Q3 2024. Net cash used ...

Wall Street analysts forecast that Cogent Communications (CCOI) will report quarterly loss of $1.34 per share in its upcoming release, pointing to a year-over-year decline of 18.6%. It is anticipated that revenues will amount to $260.33 million, exhibiting a decline of 5.5% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...