Boingo Wireless (WIFI) Reports In-Line Q4 EPS

Boingo Wireless (NASDAQ: WIFI) reported Q4 EPS of ($0.11), in-line with the analyst estimate of ($0.11). Revenue for the quarter came in at $45 million versus the consensus estimate of $45.83 million.

GUIDANCE:

Boingo Wireless sees Q1 2017 revenue of $39.5-43.5 million.

Sees FY 2017 EPS ($0.74)-($0.64). Sees FY 2017 revenues of $180-188 million.

CEO COMMENT:

“2016 was an incredible, milestone year for Boingo as it was our largest venue acquisition year ever,” commented David Hagan, Chief Executive Officer of Boingo Wireless. “We signed 38 new venues to the Boingo network in 2016 and signed 43 Tier 1 carrier agreements. These accomplishments enabled us to deliver an all-time revenue high of $159.3 million, marking our third consecutive year of double-digit revenue growth.”

For earnings history and earnings-related data on Boingo Wireless (WIFI) click here.

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