earnings
confidence high
sentiment neutral
materiality 0.70
Tucows Q4 2021 revenue up 17% to $82.5M, net loss $2.0M vs income $2.1M a year ago
TUCOWS INC /PA/
2021-FY EPS reported
$0.31
revenue$304,337,000
- Net revenue $82.5M (+17% YoY), gross profit $24.6M (+41%) driven by Fiber Internet and Mobile Platform growth.
- Net loss $2.0M ($0.18 per diluted share) vs net income $2.1M ($0.19) in Q4 2020; higher effective tax rate a factor.
- Adjusted EBITDA $12.7M (-0.9% YoY) as company continued investing in Ting Fiber network; capex hit record in Q4.
- Fiber Internet Services revenue grew 70% to $8.6M; serviceable addresses up 48% and subscriber base up >66% in 2021.
- Mobile Platform Services revenue $5.5M vs $0.2M in Q4 2020; MSE platform rebranded as Wavelo; DISH remains first customer.