The 10-second takeaway
For the quarter ended March 31 (Q1), Boingo Wireless beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share contracted to a loss.
Margins shrank across the board.
Boingo Wireless chalked up revenue of $23.1 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $22.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 six earnings estimates compiled by S&P Capital IQ forecast -$0.03 per share. GAAP EPS were -$0.03 for Q1 compared to $0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.1%, 390 basis points worse than the prior-year quarter. Operating margin was -6.5%, much worse than the prior-year quarter. Net margin was -4.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $24.1 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $106.6 million. The average EPS estimate is $0.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 73 members out of 76 rating the stock outperform, and three members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Boingo Wireless a green thumbs-up, and 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 $7.80.
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