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 (http://automatedinsights.com/ap) using data from Zacks Investment Research.