Cogent (COGT) Misses Q1 EPS by 6c
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cogint Announces 2017 First Quarter Financial Results
May 9, 2017 4:05 PM EDTStrong Double-Digit Revenue Growth and Doubling of Adjusted EBITDA, Driven by Innovation and Industry-Leading Solutions
BOCA RATON, Fla.--(BUSINESS WIRE)-- Cogint, Inc. (NASDAQ: COGT), a leading provider of information and data-driven, performance marketing solutions, today reported a 29% increase in revenue over prior year to $50.8 million and net loss of $12.7 million (inclusive of a one-time write-off of long-lived assets of $3.6 million). Adjusted EBITDA increased 111% over prior year to $5.0 million.
First Quarter Financial Highlights
For the three months ended March 31, 2017, as compared to the three months ended March 31, 2016:
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