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

Boingo Wireless Data and Metrics

Boingo Wireless Financial Metrics

Boingo Wireless's revenue was reported to be $44.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

44.3 m

Net income (Q1, 2017)

(6.8 m)

EBIT (Q1, 2017)

(6.6 m)

Market capitalization (18-Aug-2017)

757 m

Cash (31-Mar-2017)

19 m
Boingo Wireless's current market capitalization is $757 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

106.7 m119.3 m139.6 m159.3 m

Revenue growth, %

12%17%14%

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)

Net Income

(3.1 m)(18.8 m)(22.2 m)(27 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

28.4 m30.8 m29.4 m34.3 m37.2 m34.5 m39.1 m40.8 m44.3 m

General and administrative expense

4.6 m4.3 m5.8 m5.7 m5.5 m8.2 m7.7 m6.7 m8.1 m

EBIT

(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)

EBIT margin, %

(12%)(11%)(26%)(17%)(13%)(28%)(18%)(13%)(15%)

Interest income

11 k19 k4 k

Pre tax profit

(3.4 m)(3.5 m)(7.6 m)(5.7 m)(4.8 m)(9.7 m)(7.1 m)(5.5 m)(6.6 m)

Net Income

(3.5 m)(3.6 m)(7.8 m)(5.8 m)(4.9 m)(9.9 m)(7.2 m)(5.6 m)(6.8 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

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

Accounts Receivable

16.3 m27.9 m43.6 m43 m

Inventories

2.6 m3.9 m3.9 m5.3 m

Current Assets

80.9 m43.1 m62.1 m67.8 m

PP&E

67.6 m111.8 m214.5 m250.8 m

Goodwill

42.4 m42.4 m42.4 m42.4 m

Total Assets

215.5 m219.4 m341 m381 m

Accounts Payable

11.6 m4 m29.4 m15.5 m

Total Debt

3.5 m17.6 m17 m

Current Liabilities

47.8 m56.8 m93.9 m99.2 m

Total Liabilities

282.4 m

Additional Paid-in Capital

182.9 m189.7 m197.6 m211.3 m

Retained Earnings

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

Total Equity

140.6 m127.4 m112 m98.5 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

8 m4 m10.6 m20.5 m8.6 m14.7 m9.3 m13.2 m19 m

Accounts Receivable

26.6 m23.9 m32.3 m40.5 m50.3 m42.7 m48.3 m44.1 m28.2 m

Current Assets

69.5 m50.2 m47 m65.5 m63.9 m61.4 m62.2 m62.7 m52.7 m

PP&E

93.5 m106.1 m120.8 m152 m192.9 m225 m236.7 m250.3 m250.9 m

Goodwill

42.6 m42.4 m42.4 m42.4 m42.4 m42.4 m42.4 m42.4 m42.4 m

Total Assets

228.3 m220.7 m231.8 m281.6 m321 m350.6 m361.2 m376.2 m365.1 m

Accounts Payable

15.4 m10.9 m11.4 m15.5 m33.3 m19.9 m14.3 m17.8 m10 m

Current Liabilities

62 m56.4 m57.1 m99.9 m112.6 m81.9 m87.1 m99.3 m95.6 m

Additional Paid-in Capital

185.6 m187.9 m191.4 m193.8 m194.6 m202 m205 m207.8 m213.5 m

Retained Earnings

(52.4 m)(56.4 m)(70.8 m)(76.7 m)(81.5 m)(95.3 m)(102.5 m)(108.2 m)(119.5 m)

Total Equity

133.9 m132.2 m120.9 m117 m112.6 m106.5 m102.1 m99.3 m93.9 m

Financial Leverage

1.7 x1.7 x1.9 x2.4 x2.9 x3.3 x3.5 x3.8 x3.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

2.3 m3.7 m3.6 m3.4 m

Accounts Receivable

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

Accounts Payable

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

Cash From Operating Activities

20.7 m21.2 m98.6 m115.2 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 k33 k347 k418 k

Income Taxes Paid

96 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(3.5 m)(3.6 m)(7.8 m)(5.8 m)(4.9 m)(9.9 m)(7.2 m)(5.6 m)(6.8 m)

Depreciation and Amortization

928 k959 k893 k873 k943 k865 k862 k855 k911 k

Accounts Receivable

26.6 m23.9 m32.3 m40.5 m50.3 m42.7 m48.3 m44.1 m28.2 m

Accounts Payable

15.4 m10.9 m11.4 m15.5 m33.3 m19.9 m14.3 m17.8 m10 m
USDY, 2017

Revenue/Employee

140.7 k

Financial Leverage

3.9 x

Boingo Wireless Operating Metrics

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

Wi-Fi Hotspots

1 m1 m1 m1 m1.5 m1.5 m1.5 m1.5 m1.5 m1.5 m1.5 m

Countries

9090100100100100100100100100100

Retail Customers

254 k235 k225 k212 k204 k18.7 m184 k185 k195 k194 k195 k

Subscribers (Military)

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

    Boingo Wireless Market Value History

    Boingo Wireless Revenue Breakdown

    Boingo Wireless Median Salaries

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

    Traffic Overview of Boingo Wireless

    Boingo Wireless Online and Social Media Presence

    Boingo Wireless News and Updates

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