Key Developments: Boingo Wireless Inc (WIFI.O)
7.20USD
17 May 2013
$0.06 (+0.84%)
$7.14
$7.19
$7.21
$7.08
229,838
164,791
$11.78
$5.35
Latest Key Developments (Source: Significant Developments)
Boingo Wireless Inc Issues Q2 2013 Guidance; Reaffirms FY 2013 Guidance
Boingo Wireless Inc announced that for the second quarter of 2013, it expects revenue to be in the range of $23.5 million to $25.5 million. Adjusted EBITDA is expected to be in the range of $4.5 million to $6.0 million. Net loss attributable to common stockholders is expected to be in the range of ($1.5) million to ($0.5) million, or a loss of ($0.04) to $0.00 per diluted share. The Company also announced that it is reiterating guidance for fiscal 2013, and revenue is expected to be in the range of $106.0 million to $110.0 million. Adjusted EBITDA is expected to be in the range of $28.5 million to $31.5 million. Net income attributable to common stockholders is expected to be in the range of $1.0 million to $3.0 million, or $0.03 to $0.08 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $24.12 million and EPS of $0.00 for the second quarter of 2013; revenues of $107 million and EPS of $0.07 for fiscal 2013. Full Article
Boingo Wireless Inc Announces Appointment Of President
Boingo Wireless Inc announced that Nick Hulse has been appointed President of the Company. He will report to CEO Dave Hagan and assumes day-to-day responsibilities for maximizing revenue through the Sales, Marketing, Product, and Business Development teams. Full Article
Boingo Wireless Inc Announces Stock Repurchase Program
Boingo Wireless Inc announced that Board of Directors has authorized a stock repurchase program under which the Company may repurchase up to $10 million of outstanding common stock. Boingo plans to make such purchases at prevailing prices. Any purchases under the stock repurchase program may be made from time to time in the open market, through block trades, or otherwise. The program does not obligate Boingo to acquire any particular amount of common stock, and purchases may be commenced or suspended at any time - or from time to time - without prior notice based on market conditions and other factors. Full Article
Boingo Wireless Inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates
Boingo Wireless Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $21.0 million to $23.0 million. Adjusted EBITDA is expected to be in the range of $3.5 million to $5.0 million. -- Net loss attributable to common stockholders is expected to be in the range of $1.5 million to $0.5 million, or a loss of $0.04 to $0.01 per diluted share. For fiscal 2013, it expects revenue to be in the range of $106.0 million to $110.0 million. Adjusted EBITDA is expected to be in the range of $28.5 million to $31.5 million. Net income attributable to common stockholders is expected to be in the range of $1.0 million to $3.0 million, or $0.03 to $0.08 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $27.9 million and EPS of $0.07 for the first quarter of 2013; revenues of $121.67 million and EPS of $0.31 for fiscal 2013. Full Article
Boingo Wireless Inc Appoints SVP of Finance Peter Hovenier to Chief Financial Officer
Boingo Wireless Inc announced it has appointed senior Vice President of finance and administration (SVP), Peter Hovenier, to Chief Financial Officer. Hovenier has been with the company since 2002, overseeing the organization's expanding financial operations and managing strategic merger and acquisition events. Hovenier's M&A experience at Boingo includes the acquisition of Concourse Communications and Cloud Nine Media, as well as key Wi-Fi assets from Sprint and Opti-Fi. He replaces Ed Zinser, who has served as CFO of Boingo Wireless since 2008. Full Article
Boingo Wireless Inc Lowers FY 2012 Guidance
Boingo Wireless Inc announced that it is revising guidance for fiscal 2012, as follows: revenue is expected to be in the range of $101.0 million to $103.0 million; adjusted EBITDA is expected to be in the range of $30.5 million to $32.5 million; and net income attributable to common stockholders is expected to be in the range of $7.5 million to $8.5 million, or $0.21 to $0.23 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $107.9 million, EBITDA of $32.6 million, net income of $8.6 million and EPS of $0.23 for fiscal 2012. Full Article
Competitive Carriers Association Partners With Boingo Wireless Inc To Offer Wi-Fi Offload Solutions
Competitive Carriers Association (CCA) announced a strategic partnership with Boingo Wireless to offer Wi-Fi offload solutions to CCA carrier members. In 2012, cellular data usage has averaged between 500-800 MBs per month, with total data usage averaging up to 4 GB per month when Wi-Fi usage is included. Mobile data traffic is expected to continue growing at an exponential rate. To help carriers meet this growing demand and strain on their networks, Boingo is offering white-labeled Wi-Fi solutions to CCA carriers so their customers can connect to Boingo’s global footprint with one single account. Full Article
Boingo Wireless Inc Secures Contract
Boingo Wireless Inc announced that the Raleigh-Durham Airport Authority has selected the Company to manage and operate tiered Wi-Fi services throughout Raleigh-Durham International Airport (RDU). Full Article
Boingo Wireless Inc Issues Q3 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Boingo Wireless Inc announced that for the third quarter of 2012, it expects revenue to be in the range of $25.5-$26.5 million, adjusted EBITDA to be in the range of $7.5-$8.5 million and net income to be in the range of $2.2-$2.7 million, or $0.05 to $0.06 per diluted share. The Company revised fiscal 2012 guidance and expects revenue to be in the range of $108.0-$111.0 million, adjusted EBITDA to be in the range of $32.5-$35.5 million and net income to be in the range of $8.0-$10.0 million, or $0.22 to $0.27 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $28.8 million, EBITDA of $9.6 and net income of $3.1 and EPS of $0.08 for the third quarter of 2012; revenues of $111.2 million, EBITDA of $36.7 and net income of $10.8 and EPS of $0.29 for fiscal 2012. Full Article
Boingo Wireless Inc Acquires Cloud Nine Media
Boingo Wireless Inc announced that it has acquired Cloud Nine Media, which provides Wi-Fi sponsorship and location-based advertising at more than 6,000 airports, hotels, bars and restaurants, and recreational areas in the U.S. and Canada. The acquisition includes key technology platforms for delivering 100% share-of-voice sponsored access that can be used across Boingo’s global portfolio of managed Wi-Fi hotspots, including airports, shopping malls, restaurants, stadiums, transportation hubs and metropolitan hotzones that reach more than 1.5 billion people each year. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
