Last $7.20 USD
Change Today +0.06 / 0.84%
Volume 229.8K
WIFI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

boingo wireless inc (WIFI) Snapshot

Open
$7.19
Previous Close
$7.14
Day High
$7.21
Day Low
$7.08
52 Week High
07/2/12 - $11.78
52 Week Low
03/14/13 - $5.35
Market Cap
256.8M
Average Volume 10 Days
184.7K
EPS TTM
$0.11
Shares Outstanding
35.7M
EX-Date
--
P/E TM
65.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for BOINGO WIRELESS INC (WIFI)

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boingo wireless inc (WIFI) Details

Boingo Wireless, Inc., together with its subsidiaries, provides mobile Wi-Fi Internet solutions. The company installs, manages, and operates wireless network infrastructure to provide Wi-Fi services at its managed and operated hotspots, such as airports, hotels, coffee shops, shopping malls, arenas, stadiums, and quick service restaurants in North America, South America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 600,000 hotspots with devices, such as smartphones, laptops, and tablet computers. Boingo Wireless, Inc. enables individuals to purchase mobile Internet access at its managed and operated hotspots and select partner locations through month-to-month subscription and single-use access plans. In addition, it provides a range of value-added services, including roaming services, platform services, DAS infrastructure, and turn-key solutions to network operators, technology companies, enterprise software and services companies, telecom operators, and venue operators; and offers display advertising, sponsored access, and other promotional programs. The company was formerly known as Project Mammoth, Inc. and changed its name to Boingo Wireless, Inc. in October 2001. Boingo Wireless, Inc. was founded in 2001 and is headquartered in Los Angeles, California.

160 Employees
Last Reported Date: 03/18/13
Founded in 2001

boingo wireless inc (WIFI) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $414.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $242.8K
Chief Scientist
Total Annual Compensation: $152.1K
Compensation as of Fiscal Year 2012.

boingo wireless inc (WIFI) Key Developments

Boingo Wireless, Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2013; Reiterates Earnings Guidance for the Second Quarter and for the Full Year of 2013

Boingo Wireless, Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $23.1 million, which was above the company's guidance range, as compared to $24.2 million for the first quarter of 2012. The decrease reflects the decline in wholesale and single-use revenue, partially offset by growth in advertising and the retail subscription revenue. Net loss attributable to common stockholders was $1.1 million, or $0.03 per diluted share. This compares to net income attributable to common stockholders of $1.7 million or $0.05 per diluted share for the first quarter of 2012. Adjusted EBITDA was $3.6 million compared to $8.2 million for the first quarter of 2012. Loss from operations was $1.502 million against income from operations of $2.407 million a year ago. Loss before income taxes was $1.455 million against income before income taxes of $2.463 million a year ago. Capital expenditures were $5.2 million, which included $2 million utilized for DAS infrastructure build-out projects that are reimbursed by telecom operator partners. For the second quarter ending June 30, 2013, the company's revenue is expected to be in the range of $23.5 million to $25.5 million. Adjusted EBITDA is expected to be in the range of $4.5 million to $6.0 million. Net loss attributable to common stockholders is expected to be in the range of $1.5 million to $0.5 million, or a loss of $0.04 to $0.00 per diluted share. For the year ending December 31, 2013, the company's revenue is expected to be in the range of $106.0 million to $110.0 million. Adjusted EBITDA is expected to be in the range of $28.5 million to $31.5 million. Net income attributable to common stockholders is expected to be in the range of $1.0 million to $3.0 million, or $0.03 to $0.08 per diluted share.

Boingo Wireless, Inc. Announces Agreements to Provide Managed Wi-Fi Services at Three Major Airports in China

Boingo Wireless, Inc. announced agreements to provide managed Wi-Fi services at three major airports in China: Guangzhou Baiyun International Airport (CAN), Shanghai Pudong International Airport (PVG) and Shanghai Hongqiao International Airport (SHA). Boingo Wi-Fi services are now available at Guangzhou Baiyun International Airport (CAN), and will soon be available at the two Shanghai airports. With the launch of services at these three airports, Boingo will offer premium Wi-Fi services at four of the top five most highly trafficked airports in China, which collectively serve more than 195 million travelers annually. Boingo will be the first international Wi-Fi service provider at these three airports, and secured the rights through an agreement with Newbridge Technology Co. Ltd. Boingo will broadcast its "Boingo Hotspot" SSID in all three airports, providing full management of the user experience with the company's globally recognized service to ensure quick, quality connections for travelers. Boingo's managed Wi-Fi service includes authentication, roaming access and 24-hour support. Boingo already offers premium Wi-Fi service at the most highly trafficked airport in Asia, Beijing Capital International, as well as more than 65 other airports around the world. Premium Wi-Fi service at these airports will also be available to Boingo's roaming and platform service partners, including Orange France, NTT DOCOMO, Skype, TeliaSonera, LGU+, Korea Telecom, Telefonica, and Verizon, which wholesale Wi-Fi access from Boingo and provide self-branded Wi-Fi to their customers as part of their existing services. Passengers can access Boingo Wi-Fi at these three airports via one of Boingo's access plans, including Boingo Asia Pacific, providing unlimited access throughout the Asia Pacific region for $11.95 per month, and Boingo Global, providing flat rate access anywhere in the world for $59 per month. Hourly and day pass options are also available.

Boingo Wireless, Inc. Launches iTunes Payments for Wi-Fi Subscriptions

Boingo Wireless, Inc. announced that iOS users can now use their iTunes account to purchase a Boingo subscription, making it easier than ever to enjoy Wi-Fi access at more than 600,000 hotspots worldwide. The latest version of Boingo's Wi-Finder app for iOS -- now available on the iTunes App Store -- links directly to a customer's iTunes account, streamlining subscription sign-up and monthly billing by using existing iTunes credentials and billing information. Users can activate the new plan on multiple iOS devices, allowing customers to quickly connect all of their favorite iOS devices to unlimited Boingo Wi-Fi without entering account information. The new iTunes-based plan is $7.99 per month. In addition to enabling seamless login at hundreds of thousands of hotspots around the world, the app also includes an easy-to-use VPN service that protects user data free of charge.

 

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Industry Analysis

WIFI

Industry Average

Valuation WIFI Industry Range
Price/Earnings 58.6x
Price/Sales 2.5x
Price/Book 1.7x
Price/Cash Flow 44.0x
TEV/Sales 1.6x
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