OverviewSuggest Edit

Boingo Wireless is a company that 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. It acquires long-term wireless rights at venues, such as airports, transportation hubs, stadiums, arenas, universities, convention centers, and office campuses. The company 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.

TypePublic
Founded2001
HQLos Angeles, CA, US
Websiteboingo.com
Employee Ratings2.9
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)408(-11%)
Revenue (FY, 2020)$237.4 M(-9%)
Share Price (Mar 2021)$14.2
Cybersecurity ratingFMore

Key People/Management at Boingo Wireless

Mike Finley

Mike Finley

Chief Executive Officer and Director
Peter Hovenier

Peter Hovenier

CFO
Derek Peterson

Derek Peterson

Chief Technology Officer
Dawn Callahan

Dawn Callahan

Chief Marketing Officer
Bruce Crair

Bruce Crair

SVP, General Manager, Military
Michael Zeto

Michael Zeto

SVP, Global Strategy & Emerging Businesses
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Boingo Wireless Office Locations

Boingo Wireless has offices in Los Angeles, Oak Brook, New York and London
Los Angeles, CA, US (HQ)
10960 Wilshire Blvd
Oak Brook, IL, US
2215 York Rd #415
London, GB
5 New St Square, Holborn
London, GB
Building 3 566 Chiswick High Rd
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Boingo Wireless Financials and Metrics

Boingo Wireless Revenue

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Boingo Wireless's revenue was reported to be $237.42 m in FY, 2020
USD

Revenue (FY, 2020)

237.4m

Gross profit (FY, 2020)

122.6m

Gross profit margin (FY, 2020), %

51.7%

Net income (FY, 2020)

(17.7m)

EBIT (FY, 2020)

(9.1m)

Market capitalization (2-Mar-2021)

632.3m

Closing stock price (2-Mar-2021)

14.2

Cash (31-Dec-2020)

36.1m

EV

785.8m
Boingo Wireless's current market capitalization is $632.3 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

204.4m250.8m263.8m237.4m

Revenue growth, %

23%5%

Cost of goods sold

138.3m165.8m176.6m114.8m

Gross profit

66.1m85.0m87.2m122.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

58.2m59.6m65.3m66.5m68.6m64.7m59.9m58.7m

Cost of goods sold

39.4m36.8m42.5m45.6m44.1m42.8m42.0m41.4m

Gross profit

18.7m22.8m22.7m20.9m24.5m21.9m17.8m17.2m

Gross profit Margin, %

32%38%35%31%36%34%30%29%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

26.7m149.4m40.4m36.1m

Accounts Receivable

26.1m42.8m33.4m27.7m

Prepaid Expenses

6.4m7.8m8.2m8.4m

Current Assets

59.2m200.0m122.2m76.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

18.6m12.9m12.6m69.0m27.4m50.2m145.9m151.9m

Accounts Receivable

28.9m37.4m30.7m38.4m74.0m49.4m37.9m22.2m

Prepaid Expenses

6.5m7.2m9.0m8.8m9.8m9.0m8.5m8.4m

Current Assets

54.4m58.1m52.8m153.2m153.9m145.2m221.6m202.6m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(18.8m)269.0k(10.3m)(17.7m)

Depreciation and Amortization

72.6m82.5m75.4m82.6m

Accounts Payable

(1.6m)(246.0k)426.0k(1.7m)

Cash From Operating Activities

97.7m93.3m108.7m72.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(2.8m)(263.0k)(189.0k)(5.2m)(5.0m)(5.1m)(4.7m)(11.0m)

Depreciation and Amortization

21.3m39.3m59.3m20.1m38.1m56.1m19.8m40.4m

Accounts Payable

706.0k704.0k2.0m1.4m95.0k532.0k(166.0k)(117.0k)

Cash From Operating Activities

17.3m32.8m70.8m23.7m33.0m81.1m19.0m46.7m
USDFY, 2017

Revenue/Employee

615.6k

Debt/Equity

0.1 x

Financial Leverage

3.9 x
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Boingo Wireless Operating Metrics

Boingo Wireless's Connections, wireless was reported to be 13.8 m in Q2, 2020.
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Boingo Wireless Acquisitions / Subsidiaries

Company NameDateDeal Size
ElauwitAugust 01, 2018$28 m
Cloud Nine MediaAugust 08, 2012
Concourse CommunicationsMay 22, 2006

Boingo Wireless Revenue Breakdown

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Boingo Wireless revenue breakdown by business segment: 16.7% from Wholesale—Wi-Fi, 5.6% from Retail, 37.1% from Military, 36.9% from DAS and 3.7% from Other

Boingo Wireless Cybersecurity Score

Cybersecurity ratingPremium dataset

F

54/100

SecurityScorecard logo

Boingo Wireless Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Boingo Wireless Online and Social Media Presence

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Boingo Wireless Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    F

    56/100

  • Compensation

    C

    68/100

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Boingo Wireless News and Updates

Shareholder Alert: Ademi LLP Investigates whether Boingo Wireless, Inc. has obtained a Fair Price in its transaction with Digital Colony

MILWAUKEE, March 1, 2021 /PRNewswire/ -- Ademi LLP is investigating Boingo (NASDAQ: WIFI) for possible breaches of fiduciary duty and other violations of law in its transaction with Digital Colony. Click here to learn how to join the action: http://ademilaw.com/case/boingo-wireless-inc or...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Boingo Wireless, Inc.

NEW YORK, March 1, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Boingo Wireless, Inc. (NASDAQ: WIFI) and its board of directors concerning the proposed acquisition of the company by an affiliate of Digital Colony Management, LLC....

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Boingo Wireless, Inc. Buyout

WILMINGTON, Del., March 01, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Boingo Wireless, Inc. (“Boingo”) (NASDAQ GS: WIFI) regarding possible breaches of fiduciary duties and other violations of law related to Boingo’s agreement to be acquired by affiliates of D…

SHAREHOLDER ALERT: WeissLaw LLP Investigates Boingo Wireless, Inc.

NEW YORK, March 1, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Boingo Wireless, Inc. ("Boingo" or the "Company") (NASDAQ: WIFI) in connection with the proposed acquisition of the Company by...

Boingo Wireless stock set to soar after Digital Colony buyout deal for a 23% premium

Boingo Wireless Inc. announced Monday an agreement to be acquired by Digital Colony Management in a deal valued at $854 million, including debt. The stock was up 18.3% in premarket trading prior to a trading halt for new, which extends to 9:50 a.m. Eastern. Under terms of the deal, Boingo sharehold…

Boingo Launches First Airport-Wide Wi-Fi 6 Network at São Paulo/Guarulhos International Airport

Boingo Wireless (NASDAQ: WIFI), the leading distributed antenna system (DAS) and Wi-Fi provider, today announced the deployment of the first known airport-wide Wi-Fi 6 network at São Paulo/Guarulhos International Airport (GRU). Boingo designed, installed and manages the carrier grade Wi-Fi 6 network…
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Boingo Wireless Frequently Asked Questions

  • When was Boingo Wireless founded?

    Boingo Wireless was founded in 2001.

  • Who are Boingo Wireless key executives?

    Boingo Wireless's key executives are Mike Finley, Peter Hovenier and Derek Peterson.

  • How many employees does Boingo Wireless have?

    Boingo Wireless has 408 employees.

  • What is Boingo Wireless revenue?

    Latest Boingo Wireless annual revenue is $237.4 m.

  • What is Boingo Wireless revenue per employee?

    Latest Boingo Wireless revenue per employee is $581.9 k.

  • Who are Boingo Wireless competitors?

    Competitors of Boingo Wireless include Spok Holdings, Cambium Networks and Common Networks.

  • Where is Boingo Wireless headquarters?

    Boingo Wireless headquarters is located at 10960 Wilshire Blvd, Los Angeles.

  • Where are Boingo Wireless offices?

    Boingo Wireless has offices in Los Angeles, Oak Brook, New York and London.

  • How many offices does Boingo Wireless have?

    Boingo Wireless has 5 offices.