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cogent Cogent Contacts : For Public Relations : Jocelyn Johnson +1 ( 202 ) 295-4299 jajohnson@cogentco.com FOR IMMEDIATE RELEASE For Investor Relations : Sean Wallace +1 ( 202 ) 295-4202 investor.relations@cogentco.com Cogent Communications Reports Second Quarter Results and Increases its Regular Quarterly Dividend on its Common Stock by $ 0.025 Financial and Business Highlights • • • • • Cogent approved an increase of $ 0.025 per share to its regular quarterly dividend for a total of $ 0.805 per share for Q3 2021 as compared to $ 0.780 per share for Q2 2021 - Cogent's thirty - sixth consecutive quarterly dividend increase . O The Q3 2021 $ 0.805 dividend per share represents an annual increase of 14.2 % from the dividend per share of $ 0.705 for Q3 2020 . Service revenue increased by 0.8 % from Q1 2021 to Q2 2021 and increased from Q2 2020 to Q2 2021 by 4.9 % . GAAP gross profit increased by 3.6 % from Q2 2020 to $ 69.6 million for Q2 2021. Non- GAAP gross profit increased by 5.1 % from Q2 2020 to $ 91.8 million for Q2 2021 . ○ GAAP gross margin decreased by 60 basis points from Q2 2020 to Q2 2021 to 47.1 % . Non - GAAP gross margin increased by 10 basis points from Q2 2020 to Q2 2021 to 62.1 % . Net cash provided by operating activities was $ 39.7 million for Q2 2021 , $ 47.1 million for Q1 2021 and $ 41.3 million for Q2 2020 . - Sales rep productivity – units per full time equivalent sales rep per month - increased from 4.3 for Q1 2021 to 4.5 for Q2 2021 . EBITDA margin increased by 90 basis points from Q1 2021 to 38.7 % for Q2 2021 and increased by 90 basis points from Q2 2020 to Q2 2021 . EBITDA increased by 2.9 % from Q1 2021 to $ 57.2 million for Q2 2021 and increased by 7.2 % from Q2 2020 . Cogent issued $ 500.0 million of Senior Secured Notes due in 2026 in May for net proceeds of $ 496.9 million . The net proceeds were used to redeem and extinguish its remaining $ 329.1 million of its Senior Secured Notes due in 2022 and to provide cash for general corporate purposes including to dividend cash from its operating companies to Cogent Holdings , Inc. [ WASHINGTON , D.C. August 5 , 2021 ] Cogent Communications Holdings , Inc. ( NASDAQ : CCOI ) ( " Cogent " ) today announced service revenue of $ 147.9 million for the three months ended June 30 , 2021 , an increase of 0.8 % from the three months ended March 31 , 2021 and an increase of 4.9 % from the three months ended June 30 , 2020. Foreign exchange positively impacted service revenue growth from the three months ended March 31 , 2021 to the three