Cogent(CCOI) - 2023 Q4 - Annual Report

Year Ended December 31, 2023 Compared to the Year Ended December 31, 2022 (2) Includes non-cash equity-based compensation expense of $25,855 and $23,886 for 2023 and 2022, respectively. Service Revenue. We continually work to grow our total service revenue by increasing the number of potential customers that we can reach on our network. We do this by investing capital to expand the geographic footprint of our network, increasing the number of buildings that we are connected to, including CNDC's and MTOB's, ...