Chardan Capital Markets Maintains Bullish View on Cogent (COGT) on Expected Strong Revenue Growth and Margin Expansion

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Go back to Chardan Capital Markets Maintains Bullish View on Cogent (COGT) on Expected Strong Revenue Growth and Margin Expansion

cogint Announces Third Quarter 2016 Financial and Operating Results

November 3, 2016 4:07 PM EDT

Data and analytics company shows continued quarter-over-quarter revenue growth, driven by ongoing innovation and scale.

Business Highlights

Consolidated revenue increased to $52.2 million for the third quarter 2016 (a 27% increase over second quarter 2016) from $1.0 million for the third quarter 2015. Information Services and Performance Marketing segments contributed $14.8 million and $37.4 million in revenue during the quarter, respectively. Net loss of $9.7 million for the third quarter 2016, compared to $4.8 million for third quarter 2015, primarily due to noncash share-based compensation expenses and a one-time write-off of intangible assets. Adjusted EBITDA... More