The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Boingo Wireless beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share contracted significantly.
Margins contracted across the board.
Boingo Wireless reported revenue of $28.0 million. The six analysts polled by S&P Capital IQ hoped for revenue of $27.5 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $25.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.03. The five earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.03 for Q4 were 40% lower than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.5%, 440 basis points worse than the prior-year quarter. Operating margin was 7.4%, 820 basis points worse than the prior-year quarter. Net margin was 4.1%, 340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.8 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $112.9 million. The average EPS estimate is $0.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 73 members out of 78 rating the stock outperform, and five members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Boingo Wireless a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boingo Wireless is outperform, with an average price target of $10.25.
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