Boingo Wireless market cap is $625.6 m, and annual revenue was $237.42 m in FY 2020

Boingo Wireless Gross profit (FY, 2020)122.6 M

Boingo Wireless Gross profit margin (FY, 2020), %51.7%

Boingo Wireless Net income (FY, 2020)-17.7 M

Boingo Wireless EBIT (FY, 2020)-9.1 M

Boingo Wireless Cash, 31-Dec-202036.1 M

Boingo Wireless EV779.1 M

Boingo Wireless revenue was $237.42 m in FY, 2020

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

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Revenue | 204.4m | 250.8m | 263.8m | 237.4m |

| 23% | 5% | ||

## Cost of goods sold | 138.3m | 165.8m | 176.6m | 114.8m |

## Gross profit | 66.1m | 85.0m | 87.2m | 122.6m |

| 32% | 34% | 33% | 52% |

## Sales and marketing expense | 20.9m | 22.6m | 24.4m | |

## R&D expense | 26.8m | 31.4m | 34.6m | |

## General and administrative expense | 35.6m | 30.3m | 27.3m | 127.5m |

## Operating expense total | 86.8m | 88.0m | 90.9m | 131.7m |

## Depreciation and amortization | 3.5m | 3.7m | 4.6m | 4.3m |

## EBIT | (20.7m) | (3.0m) | (3.7m) | (9.1m) |

| (10%) | (1%) | (1%) | (4%) |

## Interest expense | 153.0k | 1.9m | 8.6m | |

## Interest income | 2.0m | |||

## Pre tax profit | (20.9m) | (4.9m) | (10.3m) | (17.6m) |

## Income tax expense | (2.1m) | (5.2m) | (28.0k) | 157.0k |

## Net Income | (18.8m) | 269.0k | (10.3m) | (17.7m) |

## EPS | (0.5) | 0.0 | (0.2) |

- Source: SEC Filings

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|

## Revenue | 58.2m | 59.6m | 65.3m | 66.5m | 68.6m | 64.7m | 59.9m | 58.7m |

## Cost of goods sold | 39.4m | 36.8m | 42.5m | 45.6m | 44.1m | 42.8m | 42.0m | 41.4m |

## Gross profit | 18.7m | 22.8m | 22.7m | 20.9m | 24.5m | 21.9m | 17.8m | 17.2m |

| 32% | 38% | 35% | 31% | 36% | 34% | 30% | 29% |

## Sales and marketing expense | 5.5m | 5.4m | 5.7m | 5.9m | 6.2m | 5.7m | 5.6m | 5.9m |

## R&D expense | 7.4m | 7.5m | 8.0m | 9.0m | 8.4m | 8.2m | 7.0m | 6.5m |

## General and administrative expense | 7.7m | 6.7m | 7.8m | 8.3m | 7.0m | 5.0m | 6.8m | 7.3m |

## Operating expense total | 21.3m | 20.2m | 22.6m | 24.3m | 22.7m | 20.0m | 20.4m | 20.7m |

## Depreciation and amortization | 727.0k | 668.0k | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m |

## EBIT | (2.6m) | 2.6m | 150.0k | (3.4m) | 1.8m | 1.8m | (2.6m) | (3.5m) |

| (4%) | 4% | 0% | (5%) | 3% | 3% | (4%) | (6%) |

## Interest expense | 79.0k | 50.0k | 22.0k | 1.7m | 1.7m | 2.2m | 2.3m | 2.8m |

## Interest income | 148.0k | 388.0k | 254.0k | 121.0k | ||||

## Pre tax profit | (2.6m) | 2.5m | 128.0k | (5.0m) | 148.0k | 40.0k | (4.7m) | (6.2m) |

## Income tax expense | 128.0k | 16.0k | 54.0k | 192.0k | (81.0k) | 143.0k | 45.0k | 71.0k |

## Net Income | (2.8m) | 2.5m | 74.0k | (5.2m) | 216.0k | (103.0k) | (4.7m) | (6.2m) |

## EPS | (0.1) | 0.1 | 0.0 | (0.1) | (0.1) | (0.1) |

- Source: SEC Filings

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Cash | 26.7m | 149.4m | 40.4m | 36.1m |

## Accounts Receivable | 26.1m | 42.8m | 33.4m | 27.7m |

## Prepaid Expenses | 6.4m | 7.8m | 8.2m | 8.4m |

## Current Assets | 59.2m | 200.0m | 122.2m | 76.8m |

## PP&E | 262.4m | 314.2m | 380.2m | 406.3m |

## Goodwill | 42.4m | 59.6m | 58.6m | 58.6m |

## Total Assets | 384.3m | 602.9m | 600.5m | 576.5m |

## Accounts Payable | 11.6m | 21.5m | 24.3m | 22.5m |

## Short-term debt | 6.6m | 6.6m | 7.7m | 3.4m |

## Current Liabilities | 122.3m | 171.2m | 158.4m | 147.8m |

## Long-term debt | 6.7m | 156.6m | 180.7m | 186.2m |

## Total Debt | 13.4m | 163.2m | 188.5m | 189.6m |

## Total Liabilities | 285.3m | 472.8m | 507.0m | 494.6m |

## Common Stock | 4.0k | 4.0k | 4.0k | 4.0k |

## Preferred Stock | ||||

## Additional Paid-in Capital | 230.7m | 259.1m | 234.6m | 241.9m |

## Retained Earnings | (132.0m) | (129.9m) | (141.0m) | (158.1m) |

## Total Equity | 99.0m | 130.1m | 93.5m | 81.9m |

## Debt to Equity Ratio | 0.1 x | 1.3 x | 2 x | |

## Debt to Assets Ratio | 0 x | 0.3 x | 0.3 x | |

## Financial Leverage | 3.9 x | 4.6 x | 6.4 x | 7 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Net Income | (18.8m) | 269.0k | (10.3m) | (17.7m) |

## Depreciation and Amortization | 72.6m | 82.5m | 75.4m | 82.6m |

## Accounts Receivable | 16.0m | (13.7m) | 9.2m | 5.3m |

## Accounts Payable | (1.6m) | (246.0k) | 426.0k | (1.7m) |

## Cash From Operating Activities | 97.7m | 93.3m | 108.7m | 72.5m |

## Purchases of PP&E | (73.3m) | (108.7m) | (133.7m) | (106.3m) |

## Cash From Investing Activities | (74.5m) | (133.4m) | (173.3m) | (70.6m) |

## Long-term Borrowings | (20.3m) | (22.1m) | (7.4m) | (100.8m) |

## Dividends Paid | (125.0k) | (614.0k) | (1.0m) | (262.0k) |

## Cash From Financing Activities | (16.1m) | 162.8m | (44.4m) | (6.3m) |

## Net Change in Cash | 7.2m | 122.7m | (109.0m) | (4.3m) |

## Interest Paid | 239.0k | 154.0k | 853.0k | |

## Income Taxes Paid | 304.0k | 565.0k | (20.0k) | 287.0k |

- Source: SEC Filings

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|

## Net Income | (2.8m) | (263.0k) | (189.0k) | (5.2m) | (5.0m) | (5.1m) | (4.7m) | (11.0m) |

## Depreciation and Amortization | 21.3m | 39.3m | 59.3m | 20.1m | 38.1m | 56.1m | 19.8m | 40.4m |

## Accounts Receivable | (3.8m) | (12.6m) | (1.6m) | 4.3m | (31.3m) | (7.0m) | (4.9m) | 10.7m |

## Accounts Payable | 706.0k | 704.0k | 2.0m | 1.4m | 95.0k | 532.0k | (166.0k) | (117.0k) |

## Cash From Operating Activities | 17.3m | 32.8m | 70.8m | 23.7m | 33.0m | 81.1m | 19.0m | 46.7m |

## Purchases of PP&E | (21.1m) | (42.9m) | (72.5m) | (32.4m) | (73.9m) | (101.5m) | (22.6m) | (51.7m) |

## Cash From Investing Activities | (21.6m) | (42.9m) | (94.6m) | (69.1m) | (116.2m) | (137.5m) | (11.7m) | (31.4m) |

## Long-term Borrowings | (1.7m) | (3.3m) | (5.0m) | (2.0m) | (4.0m) | (5.7m) | (1.3m) | (2.8m) |

## Dividends Paid | (614.0k) | (614.0k) | (1.0m) | (1.0m) | (262.0k) | (262.0k) | ||

## Cash From Financing Activities | (3.8m) | (3.0m) | 10.2m | (35.1m) | (38.8m) | (42.8m) | 98.2m | 96.4m |

## Net Change in Cash | (8.1m) | (13.2m) | (13.5m) | (80.4m) | (122.0m) | (99.2m) | 105.5m | 111.5m |

- Source: SEC Filings

USD | FY, 2017 |
---|---|

## Revenue/Employee | 615.6k |

## Debt/Equity | 0.1 x |

## Financial Leverage | 3.9 x |

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

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Connections, wireless | 223.96 m | 65.9 m | 69.3 m | 75.42 m | 277.74 m | 78.63 m | 85.84 m | 89.29 m | 343.12 m | 66.51 m | 13.75 m | |||||||||||

## Countries | 90 | 90 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |

## DAS Networks | 38 | 58 | 73 | |||||||||||||||||||

## DAS Nodes | 23.5 k | 24.2 k | 25.7 k | 27.4 k | 29.9 k | 31.1 k | 35.2 k | 37.2 k | 38.1 k | 39.5 k | 40.5 k | |||||||||||

## Retail Subscribers | 254 k | 235 k | 225 k | 212 k | 204 k | 187 k | 184 k | 185 k | 195 k | 194 k | 195 k | 188 k | 168 k | 153 k | 141 k | 122 k | 113 k | 92 k | 85 k | 81 k | 70 k | 56 k |

## Subscribers (Military) | 20 k | 32 k | 40 k | 46 k | 57 k | 69 k | 79 k | 86 k | 107 k | 128 k | 131 k | 130 k | 142 k | 145 k | 142 k | 138 k | 147 k | 142 k | 137 k | 133 k | 135 k | 135 k |

## Wi-Fi Hotspots | 1 m | 1 m | 1 m | 1 m | 1.5 m | 1.5 m | 1.5 m | 1.5 m | 1.5 m | 1.5 m | 1.5 m | 1.5 m | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 1.2 m | 1.3 m | 1.3 m | 1.3 m | 1.3 m | 1.3 m |