Q3 2024 Financial 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 in operating activities was $52.4 million for Q3 2023, $22.2 million for Q2 2024 and $20.2 million for Q3 2024.
- Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.995 per share for Q4 2024 as compared to $0.985 per share for Q3 2024 – Cogent’s forty-ninth consecutive quarterly dividend increase.