Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| And the fact that it went from 12.5 to 7.5 with a $1.4 million impact is to me very positive in terms of ARPU |
| That significant backlog and funnel of approximately 2300 wavelength opportunities gives us a great deal of confidence that as we continue to modify and enhance the Sprint network to provision wavelengths we will be able to convert these on a much more expeditious schedule and by year end hope to mirror the provisioning windows that we have experienced in our net-centric transit services |
| We remain optimistic about our unique position in serving the market particularly around our corporate footprint and central business districts where we have over a billion square feet of rentable office space and 1862 multi-tenant buildings on net |
| Our recent progress in achieving these savings is very encouraging and we do intend to surpass the targets that we have laid out |
| We anticipate achieving additional SG&A savings and other cost and revenue synergies over this over the next several years, hopefully exceeding that $220 million target |
| Our combined Cogent business had a very good quarter and a very good year |
| Our gross total debt trailing 12 month EBITDA as adjusted and our net debt ratio significantly improved in the quarter |
| This will allow us to continue to improve our cash flow generation |
| Our net-centric business continues to benefit from the continued growth in video traffic, streaming, and wavelength sales |
| This was a tremendous operational achievement and we completed this in only six months from the acquisition date |
| We remain optimistic about the cash flow capabilities of our combined operations |
| Our recent results show that we have achieved immediate and substantial savings in multiple areas, many of which have exceeded our initial expectations |
| Our total gross debt to last 12 months EBITDA has adjusted and our net debt ratios both significantly improved this quarter |
| So, I think we're in pretty good shape |
| Our net worth traffic increased sequentially by 7% and was up 22% year-over-year |
| Our sales force turnover rate get improved substantially in the quarter to 4.1% per rep per month for the quarter down from a peak of 8.7 reps per month at the height of the pandemic and much better than our average historical number of 5.6% |
| This increase represents the 46th consecutive sequential increase in our quarterly dividend and a 4.3% annual growth rate in that dividend |
| We're excited about our large enterprise customer base as this provides us a new targeted market and our wavelength opportunity is just beginning to unfold as we continue to repurpose the Sprint network and optimize it for the delivery of Wavelength services |
| Our off-net unit monthly churn rate was 1.3% this quarter and improvement from 1.5% last quarter |
| We continue to experience significant traffic growth in our net-centric business |
| Our sequential churn rate for our on-net and off-net connections for the combined business improved |
| We continue to beat beneficiaries of increased over-the-top video and streaming, particularly in international markets |
| The breadth of this coverage allows us to serve the net-centric market better allowing our customers to optimize their networks for reduced latency |
| We continue to succeed in selling larger 100 gigabit connections and 400 gigabit connections in carrier neutral data centers and selling 10 gigabit connections in selected multi-tenant office buildings |
| Our corporate business was 46.5% of our revenues this quarter, and our quarterly corporate revenue increased year-over-year by 47.6% to a total of $126.6 million from the fourth quarter of last year, and increased sequentially by 5.1% |
| And we expect our EBITDA margins as adjusted to increase by approximately 100 basis points annually |
| We actually anticipate based on information from the sales force in our conversations with customers that we're going to continue to see an acceleration in the order value |
| The backlog has more than doubled sequentially in the quarter |
| I'd like to highlight a couple of the strengths of our network, our customer base, and sales force |
| Our on-net unit monthly churn rate was 1.2% for the quarter, which was a material improvement from 1.8% last quarter |
| Statement |
|---|
| We continue to remain cautious in our outlook for our corporate revenues, given the uncertain economic environment and other challenges from the lingering pandemic effects |
| Our enterprise revenue decreased sequentially by $7.7 million or by 12.8% |
| The key indicators of office activity workplace reentry and leasing activity remain substantially below pre-pandemic levels |
| It was a $20 million, sequential decline in EBITDA |
| We are frustrated by the amount of time it's taken to waive enable sites |
| That's very different than the way a organically higher Cogent salesperson would be comped, and their productivity has been a significant drag |
| We are still hampered by the number of sites that we can provision |
| But there have been many challenges in doing that, including literally trillions of dollars of capital that would be necessary to replace equipment to support that |
| That gets you to $23 million, which is down 50% sequentially |
| So while they may meet the four corners of a net neutrality order in their country, they are absolutely violating the spirit |
| The sequential decline in our off-net revenue was partially impacted by our migration to certain off-net customers to on-net |
| The only comment that I made is I wanted the opportunity to describe the wavelength funnel and our frustration in that we're only selling wavelengths in 65 locations today while we have orders in hundreds of other locations that we are rapidly enabling to be able to support those wavelengths |
| This represented a sequential decrease of 1% and a year-over-year increase of 21.5% |
| As we continue to gain market share in Asia, NTT refused to give us connectivity in Asia |
| That was a sequential decrease of $5.6 million or 43.5% due to our decision to end of life these non-core products |
| Our sales rep productivity has been substantially impacted by the enterprise customer reps that joined us from the Sprint business |
| Our net-centric business represented 34.2% of our revenues this quarter and declined sequentially by 1.9% to $93.1 million and grew by 40.7% on a year-over-year basis |
| That was a sequential decrease of 5.3% and a year-over-year increase of 235.4% |
| The reality is EBITDA will go down and then come back up |
| I know it sounds almost childish and it's a tit for tat, but unfortunately, there are still bad actors in the world who don't embrace net neutrality |
Please consider a small donation if you think this website provides you with relevant information