Q3 2021 Financial Highlights
- Cogent approved an increase of $0.025 per share to its regular quarterly dividend for a total of $0.830 per share for Q4 2021 as compared to $0.805 per share for Q3 2021 – Cogent’s thirty-seventh consecutive quarterly dividend increase
- Service revenue increased from Q2 2021 to Q3 2021 by 0.03% and increased from Q3 2020 to Q3 2021 by 4.0%.
- GAAP gross profit increased by 3.6% from Q2 2020 to $69.6 million for Q2 2021. Non-GAAP gross profit increased by 5.1% from Q2 2020 to $91.8 million for Q2 2021.
- GAAP gross profit increased by 3.8% from Q3 2020 to $68.7 million for Q3 2021.
- Cogent lit its 3,000th on-net building in Q3 2021 and now delivers its services in 50 countries.