Toronto:TC

Tucows Reports Financial Results for First Quarter 2024

Retrieved on: 
Thursday, May 9, 2024
Public expenditure, Depreciation, GAAP, Tucows, Tax, Acquisition, Disclosure, Bank

This Non-GAAP financial measure is described below and reconciled to GAAP net income in the accompanying table.

Key Points: 
  • This Non-GAAP financial measure is described below and reconciled to GAAP net income in the accompanying table.
  • Tucows reports all financial information required in accordance with United States generally accepted accounting principles (GAAP).
  • Non-GAAP financial measures do not reflect a comprehensive system of accounting and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies and/or analysts and may differ from period to period.
  • Tucows strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure.

Wavelo adds global sales leader as demand for flexible telecom software increases

Retrieved on: 
Thursday, May 2, 2024
Engineering, Amdocs, Growth, Oracle, History

With a rich background in engineering and decades of global sales experience, Andy is uniquely situated to support Wavelo through its rapid growth.

Key Points: 
  • With a rich background in engineering and decades of global sales experience, Andy is uniquely situated to support Wavelo through its rapid growth.
  • In this position Andy will lead Wavelo's sales organization and help solve the toughest problems for modern telecom operators globally.
  • He deeply understands these issues and how combining purpose-built product sets with customer solutions is vital to the long-term success of telecom operators worldwide.
  • To learn more about Wavelo, the company's mission or its flexible software solutions, please visit wavelo.com .

Tucows Announces Timing for Q1 2024 Financial Results News Release and Management Commentary

Retrieved on: 
Thursday, April 25, 2024
TSX, Nature, News, TCX

TORONTO, April 25, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the first quarter ended March 31, 2024, via news release on Thursday, May 9, 2024 at 5:05 p.m.

Key Points: 
  • TORONTO, April 25, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the first quarter ended March 31, 2024, via news release on Thursday, May 9, 2024 at 5:05 p.m.
  • Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m.
  • ET on Thursday, May 9, 2024, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows website at http://www.tucows.com/investors/financials .
  • Following management's prepared commentary, for the subsequent seven days, until Thursday, May 16, 2024, shareholders, analysts and prospective investors can submit questions to Tucows' management at [email protected] .

Wavelo signs three new customers on the heels of 2023 revenue of $38.7 million

Retrieved on: 
Friday, February 23, 2024
Internet, Ting Inc., Architecture, Mobile, TSX, Growth, MWC, Future, Tucows, Mobile World Congress, TCX, CSP, Software as a service, Networking hardware, TC, Partnership, Mobile phone

Launched in January 2022, Wavelo launched with DISH Wireless and Ting Internet as anchor customers and has been building an irrefutable track record of success with CSPs ever since.

Key Points: 
  • Launched in January 2022, Wavelo launched with DISH Wireless and Ting Internet as anchor customers and has been building an irrefutable track record of success with CSPs ever since.
  • The company's goal is clear: to help its customers achieve growth, reduce operational costs and improve time-to-market for products and services by introducing modern and flexible software.
  • "Our products were specifically designed to help telecom operators achieve their business goals, find more value, and find it quickly," explained Neil Shah, Chief Product Officer, Wavelo.
  • As part of its fiscal 2023 results , Wavelo reported unaudited $38.7 million USD in revenue, $36 million USD in gross margin and over $10 million USD in adjusted EBITDA.

Tucows Announces $40 Million Stock Buyback Program

Retrieved on: 
Thursday, February 22, 2024
TSX, Acquisition, Tucows, TCX, Share repurchase, Security (finance)

TORONTO, Feb. 22, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time if and as appropriate, up to $40 million of its common stock in the open market.

Key Points: 
  • TORONTO, Feb. 22, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time if and as appropriate, up to $40 million of its common stock in the open market.
  • The new $40 million buyback program will commence February 23, 2024 and will terminate on or before February 22, 2025.
  • The previously announced $40 million buyback program, which commenced February 10, 2023, has been terminated.
  • Any shares purchased by Tucows under the stock buyback program will be retired and returned to treasury.

Tucows Reports Financial Results for Fourth Quarter 2023

Retrieved on: 
Thursday, February 22, 2024
Acquisition, Tucows, GAAP, Disclosure, Depreciation, Tax, Public expenditure, Bank

1 This Non-GAAP financial measure is described below and reconciled to GAAP net income in the accompanying table.

Key Points: 
  • 1 This Non-GAAP financial measure is described below and reconciled to GAAP net income in the accompanying table.
  • Tucows reports all financial information required in accordance with United States generally accepted accounting principles (GAAP).
  • Non-GAAP financial measures do not reflect a comprehensive system of accounting and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies and/or analysts and may differ from period to period.
  • Tucows strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure.

Ting grows presence in Colorado, bringing 2-gigabit fiber internet to Thornton

Retrieved on: 
Tuesday, February 20, 2024
Internet, TSX, Quality of life, Centennial, TCX, Wi-Fi, Data-rate units, Community engagement, TC, Partnership

Thornton, Colo., Feb. 20, 2024 /PRNewswire/ - Ting Internet, a division of Tucows (NASDAQ: TCX) (TSX: TC), has announced that it will be bringing its high-speed, reliable 2-gigabit fiber internet to Thornton, Colorado.

Key Points: 
  • Thornton, Colo., Feb. 20, 2024 /PRNewswire/ - Ting Internet, a division of Tucows (NASDAQ: TCX) (TSX: TC), has announced that it will be bringing its high-speed, reliable 2-gigabit fiber internet to Thornton, Colorado.
  • With Ting's symmetrical residential internet plans starting at $89 per month, Thornton residents can enjoy fiber internet speeds of up to 2,000 megabits per second (Mbps).
  • "Ting is proud to help build a brighter, more prosperous future for Thornton by bringing our 2-gig fiber internet and unparalleled customer service to the city."
  • For more information on service availability, regular updates, or to search local addresses to pre-order Ting Internet, please visit ting.com/thornton .

Tucows Announces Timing for Q4 2023 Financial Results News Release and Management Commentary

Retrieved on: 
Thursday, February 1, 2024
Nature, TSX, News, Q4, Fiscal, TCX

TORONTO, Feb. 1, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the fourth quarter ended December 31, 2023, via news release on Thursday, February 22, 2024 at 5:05 p.m.

Key Points: 
  • TORONTO, Feb. 1, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the fourth quarter ended December 31, 2023, via news release on Thursday, February 22, 2024 at 5:05 p.m.
  • Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m.
  • Following management's prepared commentary, for the subsequent seven days, until Thursday, February 29, 2024, shareholders, analysts and prospective investors can submit questions to Tucows' management at [email protected] .
  • Tucows' financial results release for Q4 is scheduled to provide sufficient time for the Company's external auditors, who were first appointed in 2023, to complete audit procedures for Fiscal 2023.

Tucows Reports Financial Results for Third Quarter 2023

Retrieved on: 
Thursday, November 2, 2023
TC, TCX, EBITDA, Growth, Internet, Depreciation, Investment, TSX, ABS, Cryptocurrency, Bank, Video game, Ting, Tucows

TORONTO, Nov. 2, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • TORONTO, Nov. 2, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2023.
  • Consolidated net revenue for the third quarter of 2023 increased 11.4% to $87.0 million from $78.1 million for the third quarter of 2022.
  • Gross profit for the third quarter of 2023 decreased 6.7% to $16.8 million from $18.0 million from the third quarter of 2022.
  • Adjusted EBITDA1 for the third quarter of 2023 decreased 43.2% to $4.5 million from $7.9 million for the third quarter of 2022.

TING SELECTED AS BLUE SUEDE NETWORKS' FIBER INTERNET SERVICE PROVIDER

Retrieved on: 
Wednesday, November 1, 2023
Small business, Affordable Connectivity Program, TC, TCX, Research, Internet, City, ACP, ESPN, Marketing, Partnership, Ting Inc., TSX, Cable television, Video game, Ting, Tucows

MEMPHIS, Tenn., Nov. 1, 2023 /PRNewswire/ - Ting Internet , a division of Tucows (NASDAQ: TCX) (TSX: TC), announced that it has been selected to provide fiber internet service to Memphis residents, businesses, and institutions in partnership with Blue Suede Networks.

Key Points: 
  • MEMPHIS, Tenn., Nov. 1, 2023 /PRNewswire/ - Ting Internet , a division of Tucows (NASDAQ: TCX) (TSX: TC), announced that it has been selected to provide fiber internet service to Memphis residents, businesses, and institutions in partnership with Blue Suede Networks.
  • "Serving communities like Memphis is exactly why Ting got back to being an ISP—to bring fiber internet service to underserved cities."
  • Once complete, the network has the opportunity to serve up to 315,000 addresses with Ting operating at launch as the exclusive residential and small business internet service provider.
  • Memphis residents can visit tinginternet.com/memphis to sign up for construction updates and be notified when Ting service is available at their address.