Boingo Wireless operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices. The Company acquires long-term wireless rights at venues, such as airports, transportation hubs, stadiums, arenas, universities, convention centers, and office campuses. It also builds wireless networks, such as DAS, Wi-Fi and small cells at those venues, and monetizes the wireless networks through a range of products and services.

Type
Public
HQ
Los Angeles, US
Founded
2001
Size (employees)
315 (est)
Website
boingo.com
Boingo Wireless was founded in 2001 and is headquartered in Los Angeles, US
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Key People/Management at Boingo Wireless

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
Doug Lodder

Doug Lodder

SVP Business Development

Boingo Wireless Office Locations

Boingo Wireless has offices in New Hyde Park, London, Detroit, McKinney and in 2 other locations
Los Angeles, US (HQ)
10960 Wilshire Boulevard, Suite 800, 23rd Floor
Detroit, US
295 Lucas Dr
McKinney, US
160 2150 S Central Expy
New Hyde Park, US
2e6 3000 Marcus Ave
Oak Brook, US
415 2215 York Rd
London, GB
Building 3 566 Chiswick High Rd
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Boingo Wireless Financials and Metrics

Boingo Wireless Financials

Boingo Wireless's revenue was reported to be $204.37 m in FY, 2017
USD

Revenue (FY, 2017)

204.4 m

Net income (FY, 2017)

(18.8 m)

EBIT (FY, 2017)

(20.7 m)

Market capitalization (25-Apr-2018)

925.1 m

Cash (31-Dec-2017)

26.7 m

EV

899.3 m
Boingo Wireless's current market capitalization is $925.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

106.7 m119.3 m139.6 m159.3 m204.4 m

Revenue growth, %

12%17%14%

Sales and marketing expense

20.9 m

General and administrative expense

35.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

28.6 m26.5 m28.4 m30.8 m29.4 m34.3 m37.2 m34.5 m39.1 m40.8 m44.3 m49 m53.7 m

General and administrative expense

3.2 m4.4 m4.6 m4.3 m5.8 m5.7 m5.5 m8.2 m7.7 m6.7 m8.1 m11.3 m

Operating expense total

27.8 m31.6 m31.7 m34.3 m37 m40 m41.9 m44.2 m46 m46.2 m50.9 m56.7 m

EBIT

784 k(5.2 m)(3.4 m)(3.5 m)(7.6 m)(5.8 m)(4.8 m)(9.7 m)(7 m)(5.4 m)(6.6 m)(7.7 m)(3 m)
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

22.6 m25.7 m93.9 m58.1 m27.3 m8.8 m14.7 m19.5 m26.7 m

Accounts Receivable

16.3 m27.9 m43.6 m43 m26.1 m

Inventories

2.6 m3.9 m3.9 m5.3 m

Current Assets

80.9 m43.1 m62.1 m67.8 m59.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

44.7 m13.5 m8 m4 m10.6 m20.5 m8.6 m14.7 m9.3 m13.2 m19 m22.3 m21.6 m

Accounts Receivable

13 m18 m26.6 m23.9 m32.3 m40.5 m50.3 m42.7 m48.3 m44.1 m28.2 m27 m39.1 m

Inventories

6.7 m

Current Assets

102.2 m73.1 m69.5 m50.2 m47 m65.5 m63.9 m61.4 m62.2 m62.7 m52.7 m55.4 m67.5 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

2.3 m3.7 m3.6 m3.4 m

Inventories

Accounts Payable

(242 k)(2.3 m)3.8 m(465 k)(1.6 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

524 k(5.3 m)(3.5 m)(3.6 m)(7.8 m)(13.7 m)(18.6 m)(9.9 m)(17.2 m)(22.8 m)(6.8 m)(14.6 m)(3.2 m)

Depreciation and Amortization

928 k959 k893 k873 k943 k865 k862 k855 k911 k

Inventories

6.7 m

Accounts Payable

15.4 m10.9 m11.4 m2.2 m2.4 m4.7 m(1.2 m)3.5 m(2.4 m)(2.6 m)14.6 m
USDY, 2017

EV/EBIT

-43.4 x

EV/CFO

9.2 x

Revenue/Employee

648.8 k

Financial Leverage

3.9 x
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Boingo Wireless Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Countries

90 90 100 100 100 100 100 100 100 100 100

Retail Customers

254 k235 k225 k212 k204 k18.70 m184 k185 k195 k194 k195 k

Subscribers (Military)

20 k32 k40 k46 k57 k69 k79 k86 k107 k128 k131 k

Wi-Fi Hotspots

1 m1 m1 m1 m1.50 m1.50 m1.50 m1.50 m1.50 m1.50 m1.50 m
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