Financial Data and Key Metrics - Consolidated revenue for Q3 2024 increased 6.1% YoY to $92.3 million, driven by growth in Ting and Domains businesses [30] - Tucows Domains revenue grew 5.9% YoY to $64.7 million, with gross margin up 7.8% to $19.8 million [30][34] - Ting revenue increased 19% YoY to $15.3 million, with gross margin up 38% to $11 million [31][34] - Wavelo revenue decreased 9% YoY to $10.1 million, with gross margin down 4.6% to $10 million [31][35] - Adjusted EBITDA for Q3 2024 was $8.7 million, up 94% YoY, driven by profitability improvements in Ting and Domains [37] Business Line Performance - Tucows Domains delivered its seventh consecutive quarter of revenue growth, with domain services revenue up 6% YoY to $64.7 million [11][12] - Wholesale channel revenue for Domains increased 6% YoY to $55 million, with value-added services gross margin up 26% YoY [13] - Retail channel revenue for Domains grew 5% YoY to $9.7 million, with gross margin up 8% YoY [14] - Wavelo's revenue decreased 9% YoY to $10.1 million, primarily due to churn from DISH's Boost subscribers [17][31] - Ting added 1,400 net new subscribers in Q3, growing 21% YoY to nearly 50,000 subscribers [26] Market and Strategic Focus - Ting has shifted focus from market expansion to improving penetration, churn, and ARPU, with plans to stop all new market expansions [7][29] - Ting expects to reach adjusted EBITDA breakeven in 2025, with significant growth in adjusted EBITDA for Tucows overall [9] - Wavelo is focusing on larger telecom prospects, with sales cycles targeting MNOs, MVNOs, and ISPs with complex systems [22] - Tucows Domains continues to invest in platform and infrastructure development, with registry services being a key midterm opportunity [15] Management Commentary on Industry and Outlook - The fiber mid-market has seen little to no common equity transactions in the past year, making it challenging for Ting to secure long-term equity partners [7] - Telecom is entering an era of compounding inefficiency due to convergence, consolidation, and shifting customer needs, creating opportunities for Wavelo's platform [23] - Ting's fiber business is seen as a long-term value driver, with a focus on loading existing footprints and improving operational KPIs [44][45] - The company expects a dynamic environment for small fiber ISPs in 2025, with Ting positioned to benefit from its operational focus [47] Other Important Information - Tucows laid off over 40% of the Ting workforce, reducing cash operating expenses by $22 million, primarily in people costs [6] - The company had $75.2 million in cash and cash equivalents at the end of Q3 2024, with $15.9 million classified as restricted cash [39] - Ting's CapEx spend decreased from $12 million in Q2 to $8.2 million in Q3, with future CapEx expected to be near exclusively success-based [28] - The company repaid $2.5 million on its syndicated loan in Q3, with a leverage ratio of 3.9x [41] Q&A Summary - No live Q&A session was conducted during the call. Shareholders and analysts were invited to submit questions via email, with responses to be posted on the company's website by November 26 [2][49]

Exhibit 99.1 Contact: Monica Webb, Vice President, Investor Relations mwebb@tucows.com | 647.898.9924 Tucows Reports Financial Results for Third Quarter 2024 TORONTO, November 7, 2024 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2024. All figures are in U.S. dollars. "Tucows finished the third quarter of 2024 with strong year-over-year growth of revenue, gross profit and adjusted EBITDA. We have focused ...

Tucows Inc.’s (TCX) third-quarter 2024 results reflect a clear focus on revenue and margin improvement, driven largely by the Ting Internet and Tucows Domain segments. The company emphasized capital efficiency in the Ting Internet business through a strategic pivot and workforce reduction. These efforts have helped mitigate the impacts of network-related depreciation and amortization costs.Q3 ResultsThe company reported a third-quarter 2024 net loss of $2.03 per share, narrower than the $2.09 loss in the ye ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------------------------------------|-----------------------------------------------------| | | | | For the ...

TORONTO, Nov. 7, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2024. All figures are in U.S. dollars. "Tucows finished the third quarter of 2024 with strong year-over-year growth of revenue, gross profit and adjusted EBITDA. We have focused on generating revenue and margin gains, and as importantly, we have implemented cost controls across all of our businesses, said Elliot Noss, Tuco ...

Capital Efficiency Plan - Tucows Inc has implemented a capital efficiency plan, including significant layoffs in its Ting business and at the head office level, as part of a shared services reorganization [1] - The plan impacts approximately 42% of Ting's workforce and 17% of Tucows' total workforce [2] - The decision was made to cut expenses and move towards Ting becoming self-sufficient, with the goal of transitioning Ting to a cash-generating business that sustains its own operations and growth [2] Financial Impact and Goals - The capital efficiency plan is expected to lead to significant Adjusted EBITDA growth for Tucows in 2025, with Ting business projected to be around Adjusted EBITDA breakeven in 2025 [2] - The plan aims to put Ting and Tucows businesses back on paths of growing Adjusted EBITDA, with a focus on increasing penetration within existing footprints and large partner markets like Memphis and Colorado Springs [2] - The company has secured capital from a recent asset-backed securitization to support this plan [2] Upcoming Details - The capital efficiency plan will be discussed in more detail in the upcoming Q3 2024 Management Remarks on November 7, 2024 [3] - Links to the third quarter remarks and related earnings reports will be available on Tucows' investor relations website [3] Company Overview - Tucows Inc is a global internet services leader, providing communications service technology, domain services, and fiber-optic internet infrastructure [4] - Ting delivers fixed fiber Internet access with outstanding customer support, while Wavelo offers a telecommunications software suite for service providers [4] - Tucows Domains manages approximately 25 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs [4] - Hover provides domain name and email management services for individuals and small businesses [4]

TORONTO, Oct. 24, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the third quarter ended September 30, 2024, via news release on Thursday, November 7, 2024 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, November 7, 2024, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows w ...

TORONTO, Aug. 20, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), announced today that its subsidiary, Ting Fiber, LLC ("Ting"), has closed an offering by one of its subsidiaries for $63 million. The offering consists of Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2 and Class B, (collectively, the "Notes"), maturing August 2054. All figures are in U.S. dollars. Ting will use the net proceeds from the Notes to fund the expansion of its fiber networks, create capacity for growth, and other ...

Exhibit 99.1 Monica Webb, Vice President, Investor Relations mwebb@tucows.com I 647.898.9924 Tucows Reports Financial Results for Second Quarter 2024 TORONTO, August 8, 2024 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a global internet services leader, today reported its financial results for the second quarter ended June 30, 2024. All figures are in U.S. dollars. "We finished the second quarter of 2024 with strong year-over-year growth of consolidated revenue, gross profit and adjusted EBITDA, driven by a solid qu ...

Tucows Inc. (TCX) reported a narrower net loss in the second quarter of 2024, driven by solid revenue growth across its key segments and improved cost management, particularly within its Ting Internet Services division. Despite ongoing challenges related to increased network-related expenses, TCX saw notable improvements in gross profit and adjusted EBITDA, reflecting the company's strategic focus on operational efficiencies and scaling its infrastructure. The continued execution of a deleveraging strategy, ...