Q1 2021 Financial Highlights
- Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.780 per share for Q2 2021 as compared to $0.755 per share for Q1 2021 – Cogent’s thirty-fifth consecutive quarterly dividend increase
- Service revenue increased by 2.0% from Q4 2020 to Q1 2021 and increased from Q1 2020 to Q1 2021 by 4.2%.
- GAAP gross profit increased by 3.4% from Q1 2020 to $67.7 million for Q1 2021. Non-GAAP gross profit increased by 7.6% from Q1 2020 to $91.8 million for Q1 2021.
- Net cash provided by operating activities was $47.1 million for Q1 2021, $37.6 million for Q4 2020 and $28.5 million for Q1 2020.