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Boingo beats with record revenues, updates guidance [Seeking Alpha]

Boingo Wireless, Inc (WIFI)  More Company Research Source: Seeking Alpha
Last boingo wireless, inc earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: boingo.com/corporate
PDF Boingo Wireless (NASDAQ: WIFI ) topped revenue expectations with its Q3 earnings report, hitting a sales record of $65.3M. The number was driven by broad gains: Military/multifamily revenue rose 56% to $21.7M; Wholesale Wi-Fi rose 41.4% to $11.7M; and DAS revenue rose 12.2% to $24.4M. That led to a narrower net loss (of $0.5M vs. a year-ago loss of $3.5M). EBITDA rose 17.8% to $23.3M. Net cash from operations was $38.1M (up 89.7%); free cash flow was $8.5M, vs. an outflow of $2.7M last year. For the full year, it's updating guidance for revenues of $243M-$250M; EPS of -$0.24 to -$0.12; and EBITDA of $87M-$92M. Previously: Boingo Wireless beats by $0.08, beats on revenue (Nov. 01 2018) Press release Click to subscribe to real-time analytics on WIFI Now read: Acacia +5.8% after margin improvement paces beat » Subscribe for full text news in your inbox [Read more]

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