Boingo Wireless (WIFI) Tops Q1 EPS by 9c, Beats on Revenues; Offers FY18 EPS Mid-Point Outlook Above Consensus

Boingo Wireless (NASDAQ: WIFI) reported Q1 EPS of ($0.08), $0.09 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $58.2 million versus the consensus estimate of $51.93 million.

Business Outlook

Boingo Wireless is initiating guidance for the second quarter ending June 30, 2018 and is reiterating guidance for the full year ending December 31, 2018, as follows:

Second Quarter 2018

• Revenue is expected to be in the range of $54.0 million to $58.0 million.
• Net loss attributable to common stockholders is expected to be in the range of $(7.0) million to $(4.0) million, or a net loss of $(0.17) to $(0.10) per diluted share.
• Adjusted EBITDA is expected to be in the range of $17.5 million to $20.5 million. Adjusted EBITDA, which is a non-GAAP financial measure, is defined below and is reconciled to net loss attributable to common stockholders, the most comparable measure under GAAP, in the schedule entitled “Reconciliation of Net Loss Attributable to Common Stockholders to Adjusted EBITDA – Guidance.”

Full Year 2018

• Revenue is expected to be in the range of $227.0 million to $234.0 million.
• Net loss attributable to common stockholders is expected to be in the range of $(20.0) million to $(15.0) million, or a net loss of $(0.48) to $(0.36) per diluted share.
• Adjusted EBITDA is expected to be in the range of $77.0 million to $82.0 million.

GUIDANCE:

Boingo Wireless sees FY2018 EPS of ($0.48)-($0.36), versus the consensus of ($0.45). Boingo Wireless sees FY2018 revenue of $227-234 million, versus the consensus of $231.94 million.

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

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