Boingo Wireless (WIFI) Misses Q3 EPS by 2c

Boingo Wireless (NASDAQ: WIFI) reported Q3 EPS of ($0.11), $0.02 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $30.8 million versus the consensus estimate of $29.6 million.

Boingo Wireless sees FY2014 EPS of ($0.50)-$($0.46) versus the consensus of ($0.35). Boingo Wireless sees FY2014 revenue of $117-120 million, versus the consensus of $119.6 million.

“We had another strong quarter, exceeding our revenue and adjusted EBITDA guidance,” said David Hagan, Chief Executive Officer of Boingo Wireless. “Operationally, we continue to deliver on our strategic priorities – acquiring long-term wireless rights in large venues, building state-of-the-art networks, and monetizing the networks with retail, wholesale and advertising products.”

Mr. Hagan continued, “Recently, we achieved a major milestone with our military deployments, which now span 21 bases and more than 100,000 beds. During the quarter, we signed a major DAS agreement for one of the country’s most visible construction projects and launched Wi-Fi service at the 10th busiest airport in the US. And lastly, we are beginning to see the advent of true carrier offload to our Wi-Fi networks. We continue to believe that our strategic initiatives will help drive double-digit growth opportunities longer term, and that we are incredibly well positioned to take advantage of continued mobile data growth.”

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

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Cineverse Corp (CNVS) Misses Q1 EPS by 20c; Offers Guidance
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c