Cogent (COGT) Misses Q2 EPS by 20c, Beats on Revenues

Cogent (NASDAQ: COGT) reported Q2 EPS of ($0.37), $0.20 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $53 million versus the consensus estimate of $52.03 million.

For the three months ended June 30, 2017, as compared to the three months ended June 30, 2016:

• Total revenue increased 29% to $53.0 million.
• Information Services revenue increased 39% to $18.6 million.
• Performance Marketing revenue increased 24% to $34.4 million.
• Gross profit margin increased 300 basis points to 31%.
• Net loss was $20.4 million (inclusive of non-recurring costs of $10.0 million and tax benefit of $0) compared to $7.2 million (inclusive of non-recurring costs of $1.7 million and tax benefit of $3.5 million).
• Adjusted EBITDA grew 54% to $4.8 million.

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

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