Tucows(TCX) Prnewswire·2025-03-13 21:23Core 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 3.86 per share, compared to a net 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 96.2 million in 2023, reflecting a 14% increase [4]. - Adjusted net income (loss) for Q4 2024 was (1.43), an improvement from (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 87.0 million in Q4 2023 [4][5]. - Gross profit for Q4 2024 was 17.8 million in Q4 2023 [4][5]. - Adjusted EBITDA for Q4 2024 was 2.6 million in Q4 2023, showing a significant improvement in operational performance [5][13]. Segment Performance - Ting Internet Services generated 13.8 million in Q4 2023 [5][6]. - Wavelo Platform Services reported revenues of 9.5 million in the same period last year [5][6]. - Tucows Domain Services saw total revenues of 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].