TCX

This article first appeared on GuruFocus. Release Date: May 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tucows Inc (NASDAQ:TCX) is transitioning into a more focused, capital-light company with a lean operating model. The company is making targeted investments in Wavelo, which has attributes like recurring revenue and strong retention. Tucows Domains is focusing on growth by expanding its channel and introducing new products. The company is actively working on improving liquidity, which is a key focus for the management team. Tucows Inc (NASDAQ:TCX) has reduced its syndicated debt from a peak of $238.9 million in Q4 2022 to $189.6 million. Investments in Wavelo are not open-ended and are subject to strict evaluation criteria. Ting's path to profitability requires finding an operator with the necessary capital and scale. The remaining mobile business is only strategic as part of a converged offering with Ting Internet. The company's growth acceleration is contingent on improving liquidity, indicating current limitations. The renewal process for Tucows' syndicated debt, which expires in September 2027, is still ongoing. Warning! GuruFocus has detected 4 Warning Signs with TCX. Is TCX fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on Tucows' increased investment in Wavelo and its strategic importance? A: David Woroch, CEO of Tucows Domains Services, explained that Wavelo is being evaluated for its strategic fit, capital requirements, growth potential, and contribution to shareholder value. The goal is to transition Tucows into a more focused, capital-light company with recurring revenue and strong retention. Wavelo's attributes align with these goals, prompting targeted investments in product and go-to-market strategies, evaluated against clear expectations for bookings conversion and long-term value creation. Q: What is the current status of the Ting business and its strategic direction? A: David Woroch stated that Ting is undergoing a process to find an operator with the capital and scale to bring it to profitability. The remaining mobile business is strategic only as part of a converged offering with Ting Internet. Tucows is working on this in parallel with the Ting process. Q: How does Tucows plan to grow its Domains business? A: The growth strategy for Tuco...

Interested in Tucows Inc.? Here are five stocks we like better. Tucows’ Q1 revenue and gross profit rose, with consolidated net revenue up 2% to $96.7 million and gross profit up 2.5% to $24.1 million. However, losses widened as adjusted EBITDA fell 15% and GAAP net loss increased to $18.1 million. Domains remained the main profit engine, as higher-margin mix and expense control helped offset a 2% revenue decline. Retail growth and the completed Radix Registry migration are expected to support results in the next quarter. Ting Internet showed stronger momentum, with revenue up 19% and the adjusted EBITDA loss narrowing to $0.4 million. Cash flow also turned positive companywide, though corporate results were still pressured by legacy mobile obligations. Tucows (NASDAQ:TCX) reported higher first-quarter 2026 revenue and gross profit, but its losses widened as increased sales and marketing spending and legacy mobile obligations weighed on results, according to management commentary accompanying the company’s quarterly report. Chief Executive Officer David Woroch said the quarter showed “continued progress against the priorities in each of our business segments,” highlighting steady performance in the Domains business, growth at Ting Internet and ongoing investment at Wavelo. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Consolidated net revenue rose 2% to $96.7 million from $94.6 million in the first quarter of 2025, Chief Financial Officer Ivan Ivanov said. Gross profit increased 2.5% to $24.1 million, supported by margin expansion in Domains and Ting and moderated network costs, partially offset by headwinds from the company’s legacy mobile business. Adjusted EBITDA declined 15% to $11.7 million from $13.7 million a year earlier. Tucows reported a GAAP net loss of $18.1 million, or $1.63 per share, compared with a net loss of $15.1 million, or $1.37 per share, in the prior-year quarter. On a non-GAAP adjusted basis, the company posted a net loss of $16.9 million, or $1.51 per share, compared with an adjusted net loss of $14.9 million, or $1.35 per share, a year earlier. → Light Speed Returns: Corning Cashes In on NVIDIA Growth Tucows Domains revenue declined 2% year over year to $64.1 million from $65.3 million, while gross profit after network expenses increased 2% to $18.6 million from $18.3 million. Adjusted EBITDA for the segment was...

This article first appeared on GuruFocus. Release Date: May 07, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. WaveLo completed a significant migration of nearly 7 million Boost subscribers for DISH, showcasing strong operational capabilities. Ting Internet's network construction and activation numbers were robust, with a 28% year-over-year increase in total serviceable addresses. WaveLo's revenue increased by 20% year-over-year, demonstrating strong growth in the platform's adoption. Ting's revenue grew by 21% year-over-year, indicating successful expansion in the fiber business. The company successfully issued asset-backed securities for the Ting business, securing $238.5 million with a blended coupon rate of 6.88%. Domain Services revenue decreased slightly from the previous year, with a 7% decline in gross margin due to weaker aftermarket sales. Adjusted EBITDA for the second quarter was down 54% from the previous year, reflecting financial challenges. The company reported a net loss of $31 million for the second quarter, significantly higher than the $3 million loss in the previous year. Operating expenses increased by 17.5% year-over-year, driven by higher workforce costs and increased investments in business expansion. Cash from operations was negative $1.6 million, a decline from positive $12.6 million in the previous year, due to larger operating investments. Warning! GuruFocus has detected 4 Warning Signs with TCX. Is TCX fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on the performance of Tucows Domains in Q2 2023? A: Dave Warwick, CEO of Tucows Domains, reported that the second quarter continued the trend of stabilization in transactions and domains under management. Revenue for Domain Services was $60 million, slightly down from $61 million the previous year, with a gross margin of $17.9 million, down 7% year-over-year. The decline was attributed to a weaker aftermarket for domain sales and deferred revenue impacts. However, the core domain business remains healthy with consistent billed gross margin year-over-year. Q: How did Wavelo perform in Q2 2023, and what were the key milestones? A: Justin Riley, CEO of Wavelo, highlighted that Q2 was the strongest quarter since inception, with over 8 million subscribers on the platform, nearly doubling...

TORONTO (AP) — TORONTO (AP) — Tucows Inc. (TCX) on Thursday reported a loss of $18.1 million in its first quarter. On a per-share basis, the Toronto-based company said it had a loss of $1.63. Losses, adjusted for non-recurring costs, were $1.51 per share. The internet services company posted revenue of $96.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCX at https://www.zacks.com/ap/TCX

TORONTO, May 7, 2026 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the first quarter ended March 31, 2026. All figures are in U.S. dollars. "Our first quarter results reflect steady execution across the business, with consolidated revenue and gross profit increasing year over year, driven by strong growth at Ting and continued margin gains in Tucows Domains," said David Woroch, CEO of Tucows. "We delivered positive cash flow this quarter, even with Adjusted EBITDA that was impacted by legacy mobile obligations and continued investment in Wavelo's go-to-market efforts. Overall, we remain focused on disciplined execution, strengthening the profitability of our core businesses, and continuing to move Ting's strategic process forward." Financial Results Consolidated net revenue for the first quarter of 2026 increased 2.0% to $96.7 million from $94.6 million for the first quarter of 2025, driven by strong revenue gains from Ting. Gross profit for the first quarter of 2026 increased 2.5% to $24.1 million from $23.5 million from the first quarter of 2025. The increase in gross profit was driven by year-over-year margin gains from Tucows Domains, as well as a decrease in network expenses. Net loss for the first quarter was $18.1 million ($1.63 per share), compared with a net loss of $15.1 million ($1.37 per share) in Q1 2025. Adjusted net lossﾹ was $16.9 million (adjusted EPSﾹ of ($1.51)) in Q1 2026 versus $14.9 million (adjusted EPSﾹ of $(1.35)) in Q1 2025. Adjusted EBITDA1 for the first quarter of 2026 came down 15% to $11.7 million from $13.7 million for the first quarter of 2025. The year-over-year difference was driven primarily by obligations associated with our legacy mobile business, and investment in Wavelo's sales and marketing. We ended the first quarter of 2026 with cash and cash equivalents, and restricted cash and restricted cash equivalents of $61.9 million. This compares with $64.2 million at the end of the fourth quarter of 2025 and $55.0 million at the end of the first quarter of 2025. Summary Financial Results (In Thousands of US Dollars, except Per Share data) Summary of Revenues, Gross Profit and Adjusted EBITDA (In Thousands of US Dollars) Notes: 1. Tucows reports all financial information required in conformity with United States generally accepted accounting...

TORONTO, April 23, 2026 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the first quarter ended March 31, 2026, via news release on Thursday, May 7, 2026 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, May 7, 2026, 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 14, 2026, shareholders, analysts and prospective investors can submit questions to Tucows' management at [email protected]. Management will post responses to questions in an audio recording and transcript to the Company's website at http://www.tucows.com/investors/financials, on Wednesday, May 20, 2026, at approximately 5 p.m. ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly. About Tucows Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages over 22 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com). Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. View original content to download multimedia:https://www.prnewswire.com/news-releases/tucows-announces-timing-for-q1-2026-financial-results-news-release-and-management-commentary-302752279.html

This article first appeared on GuruFocus. Release Date: February 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. The Ting asset sale process is ongoing and not delayed by external market volatility. Tucows Inc (NASDAQ:TCX) is working closely with financial advisors to determine the optimal path forward for asset transactions. The company is focused on achieving the best outcome for the Ting asset sale. Liquidity and balance sheet strength remain priorities, with ongoing deleveraging of syndicated debt. A successful Ting divestiture would enhance liquidity and improve the company's financial flexibility. Adjusted EBITA margin for Wavelo is expected to be down year over year as per 2026 guidance. Potential reduction of fees for Wavelo due to different outcomes of the Ting process. Investments made midway through 2025 have increased costs in 2026. The stock buyback program is not a commitment and is subject to liquidity considerations. Immediate focus on consistent free cash flow generation and balance sheet strengthening may limit other financial maneuvers. Warning! GuruFocus has detected 4 Warning Signs with TCX. Is TCX fairly valued? Test your thesis with our free DCF calculator. Q: Is there any update on the sale of Ting assets? Has the process been delayed due to market conditions? A: David Warwick, President and CEO, stated that the Ting process has not been delayed and is ongoing. External market volatility does not directly impact the timeline. The company is working with financial advisors to determine the best path forward, emphasizing the need for thorough diligence and coordination among stakeholders. Q: Why is the adjusted EBITA margin for Wavelo expected to decrease year over year according to the 2026 guidance? A: David Warwick explained that the presence of Ting fiber and mobile customers on the Wavelo platform could lead to a reduction in fees, depending on the outcome of the Ting process. Additionally, investments made in 2025 are now fully annualized costs in 2026, and the company continues to invest in growing Wavelo's top-line while maintaining a competitive cost structure. Q: What is the company's access to liquidity in light of the stock buyback program and the fiber divestiture? A: David Warwick clarified that the annual buyback authorization provides flexibility rather than a...

Ting divestiture remains "ongoing" and not delayed, with Tucows working with advisors on the optimal path forward; the timing will depend on asset specifics and diligence and could materially affect strategic outcomes. Wavelo guidance for 2026 implies a year-over-year decline in adjusted EBITDA margin driven by potential loss of Ting-related fees and the full-year impact of mid‑2025 investments, even as the company continues to invest in top-line growth while keeping costs below competitors. Tucows frames its annual buyback authorization as flexibility rather than a commitment, noting liquidity ex-Ting of approximately $20.9 million in unrestricted cash and prioritizing continued deleveraging and completion of the Ting divestiture to strengthen borrowing capacity and support future capital returns. Interested in Tucows Inc.? Here are five stocks we like better. Tucows (NASDAQ:TCX) executives addressed investor questions following the company’s fourth-quarter 2025 results, focusing on the ongoing process to divest Ting assets, expectations for Wavelo profitability in 2026, and the company’s liquidity position alongside its renewed share repurchase authorization. President and CEO David Woroch said the company’s process to sell Ting assets “has not been delayed” and remains active. Responding to a question about whether broader market volatility and falling asset prices have affected timing, Woroch said the company does not believe external volatility has a direct impact on the timeline. → Microsoft Is Sliding—An Insider Buy and Oversold Signals Are Changing the Setup He added that Tucows continues to work closely with its financial advisors on determining the “optimal path forward” and emphasized that transactions of this type typically require extensive diligence and coordination among multiple stakeholders. Woroch said timelines are generally driven by “the specifics of the asset and the availability of information,” and that management remains focused on achieving the best outcome. Woroch also addressed why the company’s 2026 guidance implies a year-over-year decline in Wavelo adjusted EBITDA margin. He pointed to the presence of Ting Fiber and mobile customers on the Wavelo platform and said that, depending on different outcomes for the Ting process, Wavelo could see a reduction in fees associated with those customers. → SoundHound’s New Sales Assist Agen...

Management is prioritizing the deleveraging of syndicated debt to increase available borrowing capacity and improve the overall balance sheet. The Ting asset divestiture process is ongoing and remains a central pillar for enhancing consolidated free cash flow and adjusted EBITDA. Operational focus is shifting toward consistent free cash flow generation and a conservative, deliberate approach to capital allocation. Wavelo's cost structure is being maintained below competitor levels despite ongoing investments intended to drive top-line growth. The company is developing a formal framework to balance debt repayment, business reinvestment, M&A, and share repurchases. Current liquidity is characterized by approximately $20.9 million of unrestricted cash, excluding Ting-related assets. Wavelo's 2026 adjusted EBITDA guidance conservatively accounts for a potential reduction in fees depending on the outcome of the Ting divestiture. Management expects 2026 margins to reflect the full annualization of strategic investments initiated midway through 2025. The timeline for the Ting sale is expected to be driven by asset-specific diligence and stakeholder coordination rather than external market volatility. Future share buybacks are contingent upon meeting specific return thresholds and liquidity priorities rather than a fixed commitment. The potential loss of Ting Fiber and mobile customers as Wavelo platform users represents a headwind to future platform fee revenue. Syndicated debt paydown is a continuous requirement to unlock further financial flexibility under existing committed limits. The company acknowledges a 'wait-and-see' sentiment among investors regarding the execution of the Ting divestiture. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management stated the process has not been delayed and external market sell-offs do not have a direct impact on the divestiture timeline. The schedule is dictated by thorough diligence and the availability of information required by multiple stakeholders. The decline is attributed to a conservative forecast regarding potential fee reductions if Ting customers exit the platform following a sale. Margins are also impacted by the full-year effect of growth-oriented investments made in 2025. The buyback program is an annual...

TORONTO, Feb. 12, 2026 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025. All figures are in U.S. dollars. "2025 was a strong execution year for Tucows with improved profitability across the company," said David Woroch, CEO of Tucows. "For the full year, revenue increased 8% versus 2024, supported by contributions from all three businesses, and gross profit rose 13%, driven by improved economics at Wavelo, continued margin expansion in Domains, and reduced network expenses at Ting. We generated $50.6 million in Adjusted EBITDA—up 45% year over year—and exceeded our 2025 guidance by $3.6 million, led by outperformance in Domains and Wavelo. We remain focused on strengthening the business through operational and capital efficiency initiatives, and with the ongoing Ting strategic process, we believe we are building a more resilient earnings profile and a stronger foundation for long-term value." Financial Results Consolidated net revenue for the fourth quarter of 2025 increased 6.0% to $98.7 million from $93.1 million for the fourth quarter of 2024, driven by revenue gains from all three Tucows businesses. Gross profit for the fourth quarter of 2025 increased 14% to $24.1 million from $21.2 million from the fourth quarter of 2024. The increase in gross profit was driven by strong year-over-year margin gains from Wavelo and Tucows Domains, as well as a decrease in network expenses at Ting. Net loss for the fourth quarter was $22.0 million ($1.98 per share), compared with a net loss of $42.5 million ($3.86 per share) in Q4 2024. Adjusted net loss¹ was $19.2 million (adjusted EPS¹ of ($1.73)) in Q4 2025 versus $15.8 million (adjusted EPS¹ of $(1.43)) in Q4 2024. Adjusted EBITDA1 for the fourth quarter of 2025 came down 14% to $11.1 million from $12.8 million for the fourth quarter of 2024. The year-over-year difference was driven primarily by obligations associated with our legacy mobile business. We ended the fourth quarter of 2025 with cash and cash equivalents, and restricted cash and restricted cash equivalents of $64.2 million. This compares with $70.8 million at the end of the third quarter of 2025 and $73.2 million at the end of the fourth quarter of 2024. Summary Financial Results (In Thousands of US Dollars, except Per...