Skift Take

We'd love to see Boingo be able to convince airports and other public spaces how to actually implement better free Wi-Fi.

Boingo Wireless Inc. (WIFI) on Thursday reported a loss of $5.8 million in its second quarter.

On a per-share basis, the Los Angeles-based company said it had a loss of 16 cents.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 16 cents per share.

The provider of Wi-Fi hotspots in airports and other public places posted revenue of $34.3 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $32.4 million.

For the current quarter ending in October, Boingo said it expects revenue in the range of $34.5 million to $36.5 million.

The company expects a full-year loss of 77 cents to 69 cents per share, with revenue ranging from $136 million to $141 million.

Boingo shares have climbed 23 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.41, an increase of 51 percent in the last 12 months.

This story was generated by Automated Insights ( using data from Zacks Investment Research. 

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Tags: boingo, earnings, in-flight

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