![COGENT COMMUNICATIONS HOLDINGS, INC. [CCOI] reports annual net loss of $1.3 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCCOI.png&w=3840&q=75)
COGENT COMMUNICATIONS HOLDINGS, INC. [CCOI] reports annual net loss of $1.3 billion
Company Reports Revenue of $940.9 million
COGENT COMMUNICATIONS HOLDINGS, INC. [CCOI] has reported a net loss of $1.3 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $940.9 million
Based in WASHINGTON, District of Columbia, COGENT COMMUNICATIONS HOLDINGS, INC. operates in the TRANSPORT sector.
In the 12 months ended December 31, 2023, the reported service revenue stood at $940.9 million, a significant increase from the previous period's $599.6 million in December 31, 2022, and $589.8 million in December 31, 2021.
Operating expenses for the same period saw a notable rise as well. Network operations costs, excluding separate amounts, were $544.2 million, up from $228.2 million in 2022 and $226.3 million in 2021. Selling, general, and administrative costs were $275.3 million compared to $163 million in the prior year.
