Boingo Wireless

Boingo Wireless, Inc., the world's leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 325,000 hotspots worldwide. With a single account, Boingo users can access the mobile Internet via Boingo Network locations that include the top airports around the world, major hotel chains, coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo and its Concourse Communications Group subsidiary operate wired and wireless networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as quick serve restaurants.

Company Growth (employees)
Type
Public
HQ
Los Angeles, US
Founded
2001
Size (employees)
315 (est)+11%
Website
boingo.com
Boingo Wireless was founded in 2001 and is headquartered in Los Angeles, US

Key People at Boingo Wireless

Dave Hagan

Dave Hagan

President and CEO
David Hagan

David Hagan

President and CEO
Peter Hovenier

Peter Hovenier

Chief Financial Officer
Dawn Callahan

Dawn Callahan

Senior Vice President of Marketing and Sales

Boingo Wireless Office Locations

Boingo Wireless has offices in Los Angeles and New York
Los Angeles, US (HQ)
10960 Wilshire Boulevard, Suite 800, 23rd Floor

Boingo Wireless Metrics

Boingo Wireless Financial Metrics

Boingo Wireless's revenue was reported to be $159.3 m in 2016

Revenue (Y, 2016)

$159.3 m

Revenue growth (Y, 2015 - Y, 2016), %

14%

Net income (Y, 2016)

($27 m)

EBIT (Y, 2016)

($26.1 m)

Market capitalization (19-May-2017)

$611.7 m

Closing share price (19-May-2017)

$15.5

Cash (31-Dec-2016)

$19.5 m

EV

$609.1 m
Boingo Wireless's current market capitalization is $611.7 m.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$106.7 m$119.3 m$139.6 m$159.3 m

Revenue growth, %

12%17%14%

Operating expense total

$108.6 m$137.3 m$161.3 m$185.4 m

EBIT

($1.9 m)($18 m)($21.6 m)($26.1 m)

EBIT margin, %

(2%)(15%)(15%)(16%)

Interest income

$37 k

Pre tax profit

($1.9 m)($18.1 m)($21.7 m)($26.6 m)

Income tax expense

($8.9 m)$4.1 m$3 m$1.5 m$700 k$481 k$427 k

Net Income

($3.1 m)($18.8 m)($22.2 m)($27 m)
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$22.6 m$25.7 m$93.9 m$58.1 m$27.3 m$8.8 m$14.7 m$19.5 m

Accounts Receivable

$16.3 m$27.9 m$43.6 m$43 m

Inventories

$2.6 m$3.9 m$3.9 m$5.3 m

Current Assets

$80.9 m$43.1 m$62.1 m$67.8 m

PP&E

$67.6 m$111.8 m$214.5 m$250.8 m

Goodwill

$42.4 m$42.4 m$42.4 m$42.4 m

Total Assets

$215.5 m$219.4 m$341 m$381 m

Accounts Payable

$11.6 m$4 m$29.4 m$15.5 m

Total Debt

$3.5 m$17.6 m$17 m

Current Liabilities

$47.8 m$56.8 m$93.9 m$99.2 m

Additional Paid-in Capital

$182.9 m$189.7 m$197.6 m$211.3 m

Retained Earnings

($43.2 m)($62.9 m)($85.2 m)($112.6 m)

Total Equity

$140.6 m$127.4 m$112 m$98.5 m

Debt to Equity Ratio

0 x0.2 x0.2 x

Debt to Assets Ratio

0 x0.1 x0 x

Financial Leverage

1.5 x1.7 x3 x3.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($3.1 m)($18.8 m)($22.2 m)($27 m)

Depreciation and Amortization

$2.3 m$3.7 m$3.6 m$3.4 m

Accounts Receivable

($2.4 m)($11 m)($16 m)$526 k

Inventories

Accounts Payable

($242 k)($2.3 m)$3.8 m($465 k)

Cash From Operating Activities

$20.7 m$21.2 m$98.6 m$115.2 m

Purchases of PP&E

($29.5 m)($70.9 m)($103.1 m)($107.3 m)

Cash From Investing Activities

($40.4 m)($39.2 m)($101.5 m)($107.3 m)

Cash From Financing Activities

($11.1 m)($480 k)$8.8 m($3.1 m)

Interest Paid

$32 k$33 k$347 k$418 k

Income Taxes Paid

$96 k
Y, 2016

EV/EBIT

-23.3 x

EV/CFO

5.3 x

Debt/Equity

0.2 x

Financial Leverage

3.9 x

Boingo Wireless Market Value History

Boingo Wireless Median Salaries

Source: 24 public H-1B filings from Boingo Wireless

Boingo Wireless Online Presence

Boingo Wireless News

Boingo Wireless Company Life

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