Cogent (COGT) Misses Q1 EPS by 6c

Cogent (NASDAQ: COGT) reported Q1 EPS of ($0.24), $0.06 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $50.8 million versus the consensus estimate of $50.32 million.

• Total revenue increased 29% over prior year to $50.8 million.
• Information Services revenue increased 49% over prior year to $16.4 million.
• Performance Marketing revenue increased 21% over prior year to $34.4 million.
• Gross profit margin increased 300 basis points over prior year to 31%.
• Net loss was $12.7 million (inclusive of a one-time write-off of long-lived assets of $3.6 million and tax benefit of $0 million) compared to $6.8 million (inclusive of tax benefit of $3.5 million).
• Adjusted EBITDA increased 111% over prior year to $5.0 million.

For earnings history and earnings-related data on Cogent (COGT) click here.

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