Tucows Inc. (TCX) has gained 22.6% in the past month against the 0.5% decline of the composite stocks belonging to the industry. The TCX stock has also outperformed the S&P 500’s 4.7% growth in the same period. Image Source: Zacks Investment Research This outstanding performance is a direct reflection of the company’s impressive financial results for the first quarter of 2025, wherein it posted strong year-over-year increases in revenues and narrower losses. The company’s dramatic outperformance is a testam ...

TORONTO, June 2, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced the appointment of Laurenz Nienaber as Chair of the Board of Directors and Jeffrey Tory as Independent Vice Chair, following the election of a new and returning slate of directors at the company's Annual General Meeting on May 20, 2025. In its first meetings, held in the days following the AGM, the newly constituted Board established its committee leadership and governance structure, reaffirming its commitment to proact ...

Core Insights - Tucows Inc. elected eight director nominees to its Board of Directors, enhancing its strategic leadership for future growth and innovation [1][2][3] Board Composition - The newly elected Board members possess diverse expertise in finance, technology, data analytics, and entrepreneurship, which is expected to guide Tucows' long-term strategy [2][3] - Key members include: - Marlene Carl, CFO of CHAPTERS Group AG, with experience in investment management and digital infrastructure [2] - Lee Matheson, Partner at EdgePoint Investment Group, with a background in technology and financial services [2] - Elliot Noss, President and CEO of Tucows, bringing extensive experience in internet infrastructure [2] - Dr. Sandra Matz, a leader in data-driven behavioral science from Columbia Business School [2] - Laurenz Malte Nienaber, Founder of LMN Capital GmbH, known for investment strategy and governance [2] - Allen Taylor, President of GTD Partners, with expertise in private equity and financial restructuring [2] - Jeffrey Tory, Chair at Pembroke Management, with nearly four decades in North American growth equities [2] - Stephan Uhrenbacher, a serial entrepreneur with a focus on technology and sustainability [2] Voting Results - The election results for the new directors showed strong support, with percentages of votes for each nominee ranging from 86.18% to 94.47% [3] - The ratification of Deloitte LLP as independent auditors for the year ending December 31, 2025, was also part of the voting agenda [3] Company Overview - Tucows connects people through internet access services, including fiber-optic internet and domain services [4] - The company operates Ting for fixed fiber internet and Wavelo for telecommunications software, managing approximately 24 million domain names [4]

Shares of Tucows Inc. (TCX) have gained 0.3% since reporting results for the first quarter of 2025. This compares to the S&P 500 index’s 3.1% growth over the same time frame. Over the past month, the stock has gained 8.9% compared with the S&P 500’s 8.1% rally.Earnings & Revenue PerformanceTucows reported first-quarter 2025 revenues of $94.6 million, up 8.2% from $87.5 million in the same period a year ago. Gross profit jumped 28.5% year over year to $23.5 million from $18.3 million. The net loss narrowed s ...

TORONTO, May 8, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the first quarter ended March 31, 2025. All figures are in U.S. dollars."On the heels of four years of strong revenue growth, we are very pleased with our first quarter results," said Elliot Noss, President and CEO of Tucows. "All three of our businesses delivered year-over-year gains, with an 8% increase in consolidated revenue, a 29% increase in gro ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-32600 TUCOWS INC. (Exact Name of Registrant as Specified in Its Charter) Pennsylvania 23-2707366 (State or Other Jurisdiction ...

TORONTO, April 24, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the first quarter ended March 31, 2025, via news release on Thursday, May 8, 2025 at 5:05 p.m. ET. Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, May 8, 2025, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows website at htt ...

TORONTO, April 10, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX, TSX: TC) today announced the nomination of five new individuals for election to its Board of Directors' slate at the company's upcoming Annual Meeting of Shareholders, as outlined in the 2025 Proxy Statement filed today. The newly-nominated directors—Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory, and Stephan Uhrenbacher—bring a breadth of experience across finance, technology, marketing, and entrepreneurship, and are eage ...

Core Viewpoint - Tucows Inc. reported an amendment to its unaudited financial results for Q4 and FY 2024, highlighting a reduction in non-cash impairment charges and significant net losses compared to the previous year [1][2][3]. Financial Results Summary - The net loss for Q4 2024 was $42.5 million, or a loss of $3.86 per share, compared to a net loss of $23.4 million, or a loss of $2.14 per share in Q4 2023, marking an 82% increase in loss [3][4]. - For the full year 2024, the net loss was $109.9 million, compared to a loss of $96.2 million in 2023, reflecting a 14% increase [4]. - Adjusted net income (loss) for Q4 2024 was ($15.8 million) and adjusted EPS was ($1.43), an improvement from ($22.4 million) and ($2.05) in Q4 2023, indicating a 30% reduction in adjusted net loss [3][4][16]. Revenue and Profit Analysis - Net revenues for Q4 2024 were $93.1 million, a 7% increase from $87.0 million in Q4 2023 [4][5]. - Gross profit for Q4 2024 was $21.2 million, up 19% from $17.8 million in Q4 2023 [4][5]. - Adjusted EBITDA for Q4 2024 was $12.8 million, compared to $2.6 million in Q4 2023, showing a significant improvement in operational performance [5][13]. Segment Performance - Ting Internet Services generated $15.7 million in revenue for Q4 2024, up from $13.8 million in Q4 2023 [5][6]. - Wavelo Platform Services reported revenues of $9.9 million, slightly up from $9.5 million in the same period last year [5][6]. - Tucows Domain Services saw total revenues of $65.7 million in Q4 2024, compared to $61.8 million in Q4 2023, reflecting growth in both wholesale and retail segments [5][6]. Management Commentary and Future Outlook - Management's pre-recorded audio commentary discussing the quarter and future outlook will be available on the Tucows website [17]. - Shareholders and analysts can submit questions to management, with responses to be posted on the company's website [18]. Company Overview - Tucows Inc. is a leader in internet services, providing domain services, fiber-optic internet infrastructure, and telecommunications software [19]. - The company manages approximately 25 million domain names and offers various value-added services through a global reseller network [19].

Financial Performance - Ting incurred a net loss of $121.7 million for the year ended December 31, 2024, compared to a net loss of $119 million for the year ended December 31, 2023[149]. - Ting had $61.7 million in cash and cash equivalents as of December 31, 2024, with long-term liabilities including $287.6 million on the 2023 and 2024 Term Notes and $122.1 million on Redeemable Preferred Units[149]. - Ting incurred an operating cash flow deficit of $49.9 million for the year ended December 31, 2024[149]. - The company is obligated to redeem Generate's equity interests for the outstanding capital balance plus unsatisfied preferred return, which could have a material adverse effect on the business[145]. - Rising inflation and interest rates may adversely affect the company's financial condition and operating results, particularly in the Ting segment[152]. - The company's ability to service its substantial debt obligations depends on operational cash flows and prevailing interest rates, with rising rates potentially increasing debt servicing costs[154]. Business Segments and Operations - Tucows operates in three segments: Ting, Wavelo, and Tucows Domains, each focusing on different markets and services[18]. - The company generates recurring revenue primarily from non-refundable, up-front payments related to domain name registrations and renewals[26]. - The retail segment includes the sale of rights to surname domains, allowing approximately two-thirds of Americans to purchase email addresses based on their last name[29]. - Wavelo's software solutions are integrated with EchoStar's Digital Operator Platform and Ting's Internet Service Operating System, enhancing subscriber growth and operational efficiency[22]. - The wholesale domain services manage 24.5 million domain names, with a slight decrease of 0.1 million, or less than 0.2%, since December 31, 2023[27]. - Tucows Domains generates revenues primarily from registration fees charged to resellers for new, renewed, and transferred domain name registrations[24]. Workforce and Operational Efficiency - The February 2024 Workforce Reduction aimed to reduce Ting's workforce by 13%, impacting 7% of the total workforce, incurring non-recurring charges of approximately $3.2 million[48]. - The Capital Efficiency Plan reduced Ting's workforce by 42%, or 17% of the total workforce, with non-recurring charges of approximately $7.7 million[49]. - Approximately 765 full-time employees and 99 contracted employees were reported as of December 31, 2024, with 58% based in Canada[45]. - The company has invested in employee wellness initiatives, including daily mindfulness sessions and support for various Employee Resource Groups[55][56]. - The company emphasizes the importance of maintaining a good working relationship with vendors and customers to ensure operational success[16]. Market and Competitive Landscape - Tucows is positioned as a defender of end-user rights and maintains a strong brand presence in the domain registration market[31]. - The company operates in a competitive landscape with significant competition from U.S. broadband providers and domain registrars[39][40]. - The company anticipates challenges related to competition, regulatory compliance, and economic conditions impacting its business operations[16]. - The company aims to mitigate pricing pressure by delivering high value through business and technical practices, maintaining long-term customer relationships[43]. Regulatory and Compliance Risks - Compliance with regulations such as GDPR and ICANN is critical for Tucows' operations in the domain registration and internet service sectors[61][65]. - The company is subject to evolving regulatory requirements that could increase compliance costs and impact its ability to scale operations[102]. - The company is subject to potential fines of up to 4% of annual total revenue for violations of GDPR, which could impact its financial performance[120]. - Changes in ICANN policies and fees may impact the company's domain registration business[80]. - The Domain Services business operates under standard customer agreements that may be challenged in certain jurisdictions, potentially increasing legal liability and compliance costs[161]. Financial Obligations and Debt - The company has outstanding 2023 Term Notes amounting to $238.5 million as of March 13, 2025, with net proceeds from issuance totaling $220.5 million after costs[131]. - The company issued 2024 Term Notes with outstanding amounts of $63 million as of March 13, 2025, generating net proceeds of $61 million after issuance costs[132]. - The 2023 Credit Facility provides a revolving credit facility of up to $240 million, with an option to increase by $60 million if certain financial ratios are met[135]. - As of March 13, 2025, the company has $195.4 million outstanding under the 2023 Credit Facility, with remaining committed funds of $44.6 million[135]. - The company faces significant operating and financial restrictions under its debt agreements, which may limit its ability to capitalize on business opportunities[137]. - The company may need to engage in equity or further debt financing to fund the planned expansion of Ting Internet and cover future operating losses[134]. Cybersecurity and Operational Risks - The company faces cybersecurity risks that could disrupt its business and result in financial and legal liabilities[80]. - Cybersecurity risks pose a threat to the company's domain name assets, potentially leading to reputational and financial harm[128]. - The company relies on third-party network operators and data centers, and any disruptions could lead to service interruptions and financial liabilities[101]. - The company faces potential disruptions in service offerings if its Network Operator's license is not renewed or if compliance requirements change, which could increase operational costs[160]. - The company is exposed to risks related to online payment fraud and chargebacks, which could negatively impact its financial results[80]. Future Outlook and Strategic Initiatives - The company aims to expand its fiber networks while maintaining liquidity and managing operational efficiencies[12]. - The company expects to realize savings primarily in sales and marketing, with a focus on completing builds in existing markets rather than expanding into new ones[50]. - The company anticipates that maintaining and enhancing its brands will become increasingly difficult and expensive as the market becomes more competitive[95]. - The company must continuously invest in technology and infrastructure to remain competitive, particularly in the face of advancements in wireless broadband and AI-driven services[99]. - The company has a stock repurchase program authorized for up to $40 million, expected to run from February 14, 2025, to February 13, 2026, but there is no guarantee it will enhance long-term shareholder value[174].