Boingo Wireless, Inc. (NASDAQ:WIFI) provider of wireless connectivity solutions, is expected to report second quarter earnings results, after market close, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.08 per share from revenue of $ 61.08 million.
Looking ahead, the full year loss are expected at $ 0.33 per share on the revenues of $ 250.11 million.
Previous Quarter Performance
Boingo Wireless, Inc. communicated loss for the first quarter of $ 0.10 per share, from the revenue of $ 59.89 million. The quarterly revenues fell 9.90 percent compared with the same quarter last year. According to street consensus, WIFI was expected to report 1Q20 loss of $ 0.07 per share from revenue of $ 63.31 million. The bottom line results missed street analysts by $ 0.03 or 42.86 percent, at the same time, top line results fell short of analysts by $ 3.42 million or 5.4 percent.
Stock Performance
According to the previous trading day, closing price of WIFI was $ 13.58, representing a 103.90 % increase from the 52 week low of $ 6.66 and a 14.7 % decrease over the 52 week high of $ 15.92.
The company has a market capital of $ 601.94 million and is part of the Communication Services sector and Telecom Services industry.
Conference Call
Boingo Wireless, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.boingo.com
Boingo Wireless, Inc., together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services. It serves largest carriers, telecommunications service providers, global consumer brands, and property owners, as well as troops stationed at military bases and Internet savvy consumers.
