Cash flow from operations was $28.6 million for Q1 2019 and $30.2 million for Q1 2018.EBITDA increased from Q1 2018 to Q1 2019 by 7.9% to $47.6 million.EBITDA margin increased by 120 basis points from Q1 2018 to 35.5%.GAAP gross margin increased by 250 basis points from Q1 2018 to Q1 2019 to 44.5% and non-GAAP gross margin increased by 230 basis points from Q1 2018 to Q1 2019 to 59.8%.GAAP gross profit increased by 10.5% from Q1 2018 to $59.7 million for Q1 2019 and non-GAAP gross profit increased by 8.3% from Q1 2018 to $80.2 million for Q1 2019.Service revenue increased by 1.6% from Q4 2018 to Q1 2019 and increased from Q1 2018 to Q1 2019 by 4.2%.Service revenue, on a constant currency basis, increased by 1.7% from Q4 2018 to Q1 2019 and increased from Q1 2018 to Q1 2019 by 5.8%. Cogent Groups consolidated leverage ratio, as defined in Cogent Groups indenture agreements, is below 4.25 which will allow Cogent Holdings to utilize its accumulated builder basket.The Q2 2019 $0.60 dividend per share represents an annual increase of 15.4% from the dividend per share of $0.52 for Q2 2018.Cogent approves a $0.02 increase per share to its regular quarterly dividend to $0.60 per share from $0.58 per share for Q1 2019 the twenty-seventh consecutive quarterly dividend increase.Cogent Communications Reports First Quarter 2019 ResultsĪnd Increases Regular Quarterly Dividend on Common Stock
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