Tucows(US:TCX)2021-08-07 17:05Business Overview - Tucows operates three distinct businesses leveraging central technical, administrative, and support competencies: Domain Services, Mobile Services, and Fiber Internet Services[18] - The company emphasizes consistent and reliable revenue and cash flow generation through high-volume, low-cost subscription services[14] - Tucows has a proven track record of long-term performance, including 19 consecutive years of revenue growth and positive cash flow from operations[23, 25] - As of June 30, 2021, Tucows' annual ROI since going public is 182%[26] Domain Services - Tucows is the second-largest domain name registrar in the world, managing approximately 26 million domains[37, 38] - The company facilitates approximately 15 million domain transactions every month[39] - Tucows has a global footprint in over 150 countries, serving over 36000 reseller customers[43, 41] Mobile Services - Ting Mobile transitioned from MVNO to Mobile Services Enabler (MSE) effective August 1, 2020, with DISH Networks acquiring Ting Mobile customer relationships[49] Fiber Internet Services - Ting Internet provides gigabit speeds over fiber-to-the-premise networks, offering speeds 50x faster than average US download speed and 1000x faster than average US upload speed[54, 55, 56] - The cost to build per serviceable address for Fiber Internet Services ranges from $1000 to $1500, with an expected take rate of 20% in year 1 and 50% in year 5[57, 59, 60] - As of Q2 2021, Ting Internet had 20069 subscribers[63] Financial Highlights (Q2 2021) - Net revenue decreased by 86% to $75093000 for the three months ended June 30, 2021, compared to $82122000 for the same period in 2020[69] - Net income increased by 1051% to $1807000 for the three months ended June 30, 2021, compared to $157000 for the same period in 2020[69]