Tucows(TCX) - 2024 Q4 - Annual Results

Financial Performance - Consolidated net revenue for Q4 2024 increased 7.1% to $93.1 million from$87.0 million in Q4 2023, driven by revenue gains from Ting and Tucows Domains[4] - Gross profit for Q4 2024 rose 19% to $21.2 million compared to$17.8 million in Q4 2023, primarily due to gains from Ting and Domains businesses[4] - Adjusted EBITDA for Q4 2024 increased 403% to $12.8 million from$2.6 million in Q4 2023, attributed to revenue growth and cost management in the Ting business[6] - For the full year 2024, consolidated net revenue increased 7% to $362.3 million from$339.3 million in 2023[9] - Full year gross profit for 2024 rose 25% to $83.0 million compared to$66.7 million in 2023[9] Net Loss and Adjusted Loss - Net loss for Q4 2024 was $45.3 million, or a loss of$4.11 per share, compared to a net loss of $23.4 million, or a loss of$2.14 per share in Q4 2023[5] - Adjusted net loss for Q4 2024 improved by 30% to $15.8 million, or an adjusted EPS of ($1.43), compared to an adjusted net loss of $22.4 million, or an adjusted EPS of ($2.05) in Q4 2023[5][20] Cash Flow and Debt Management - Cash equivalents at the end of Q4 2024 were $73.2 million, down from$91.1 million at the end of Q3 2024 and $92.7 million at the end of Q4 2023[7] - The company made progress in deleveraging, using cash flow from Wavelo and Tucows Domains to reduce syndicated debt[3] Operational Efficiency and Future Outlook - Management indicated ongoing optimization of revenue and cost efficiencies despite one-time impacts from impairment charges and restructuring costs[3] - Tucows expects to realize synergies from the Enom acquisition, contributing to future financial results[25] - The company anticipates growth in Ting Internet, although specific growth figures were not disclosed[25] - Forward-looking statements are subject to uncertainties and risks that could materially affect actual results[25]