Tucows Inc (OQ:TCX)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 96 Mowat Ave TORONTO ON M6K 3M1 |
| Tel: | 1-416-5350123 |
| Website: | https://www.tucows.com |
| IR: | See website |
| Key People | ||
| Elliot Noss President, Chief Executive Officer, Director | Davinder Singh Chief Financial Officer | Justin Reilly Chief Executive Officer - Wavelo |
| David John Woroch Chief Executive Officer of Tucows Domains Services | Michael Koenig Chief Operating Officer | Bret Fausett Chief Legal Officer, General Counsel |
| Business Overview |
| Tucows Inc. is engaged in providing Internet services. The Company's segments include Ting, Wavelo and Tucows Domains. Ting segment provides retail high speed Internet access services to individuals and small businesses. Wavelo segment offers platform and other professional services related to communication service providers, including Mobile Network Operators and Internet Service Providers. The Tucows Domains segment includes wholesale and retail domain name registration services, value added services and portfolio services. It primarily earns revenues from the registration fees charged to resellers in connection with new, renewed and transferred domain name registrations; the sale of retail Internet domain name registration and email services to individuals and small businesses. The Company provides these services primarily through a global Internet-based distribution network of Internet service providers, Web hosting companies and other providers of Internet services to end-users. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tucows Inc revenues increased 6% to $339.3M. Net loss increased from $27.6M to $96.2M. Revenues reflect Wavelo segment increase of 59% to $38.7M, Ting segment increase of 20% to $50.9M. Higher net loss reflects Interest expense, net increase from $14.5M to $41.8M (expense), Sales and marketing - Other increase of 25% to $65.3M (expense). |
| Employees: | 1,045 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $642.88M as of Dec 31, 2023 |
| Annual revenue (TTM): | $339.34M as of Dec 31, 2023 |
| EBITDA (TTM): | -$9.61M as of Dec 31, 2023 |
| Net annual income (TTM): | -$96.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$96.83M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $451.95M as of Dec 31, 2023 |
| Shares outstanding: | 10,928,623 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.