Boingo Wireless, Inc. (WIFI) reported net income for the fourth quarter $1.1 million, or $0.03 per share, compared to $1.9 million or $0.05 per share for the year-ago quarter.
Revenue for the fourth quarter rose 8% to $28.0 million from $25.9 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenue of $27.48 million for the fourth quarter.
Looking forward to the first quarter, the company forecast revenue of $21.0 million to $23.0 million and a net loss of $1.5 million to $0.5 million, or a loss of $0.04 to $0.01 per share. Analysts currently expect the company to earn $0.07 per share on revenue of $27.92 million for the first quarter.
For the full year 2013, the company forecast revenue of $106.0 million to $110.0 million and net income of $1.0 million to $3.0 million, or $0.03 to $0.08 per share. Analysts currently expect the company to earn $0.31 per share on revenue of $121.67 million for the full year 2013.
Separately, Boingo Wireless said that it has signed a merger agreement to acquire Endeka, a provider of Wi-Fi, VoIP and IPTV services to military bases and federal law enforcement training facilities. Terms of the deal were not disclosed.
Boingo Wireless shares are losing 18.42% in after hours trading after closing the day's regular traing session at $7.98, down 7 cents.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.