Event-Driven Stocks

BOINGO WIRELESS, INC.

Communication Services · Communications Services, NEC · DE · SEC filings ↗ · Compare ⊕

Signs2 good4 warning2 severedetails ↓

Financials

SEC XBRL · annual
 FY20FY19FY18FY17FY16FY15
Revenue$237.4M$263.8M$250.8M$204.4M$159.3M$139.6M
Operating income−$9.1M−$3.7M−$3.0M−$20.7M−$26.1M−$21.6M
Net income−$17.1M−$10.3M−$1.2M−$19.4M−$27.3M−$22.3M
Total assets$576.5M$600.5M$602.9M$384.3M$381.0M$341.0M
Total liabilities$494.6M$507.0M$472.8M$285.3M$282.4M$229.0M
Equity$81.5M$92.2M$127.9M$97.8M$97.8M$111.3M
EPS (diluted)$-0.38$-0.23$-0.03$-0.49$-0.72$-0.60
Shares out.44.3M43.9M41.3M38.6M37.4M36.4M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2020
Operating margin
−3.8%
Net margin
−7.2%
Return on equity
−21.0%
Return on assets
−3.0%
Return on capital (ROCE)
−2.1%
Liabilities / assets
85.8%
Debt / equity
6.07×
Book value / share
$1.84
Revenue growth (YoY)
−10.0%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2020
Altman Z″ (distress)
-1.64distress
Accruals / assets
15.5%clean
Beneish M-Score
-3.35normal
Piotroski F-Score
2/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
32
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

2 severe4 warning2 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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