Tucows reports Q1 2022 net loss of $3.0M vs net income of $2.1M YoY; revenue up 14%

TUCOWS INC /PA/

2022-Q1 EPS reported -$0.28 revenue$81,099,000

Net revenue $81.1M (+14% YoY); gross profit $21.2M (+22% YoY) driven by Ting and Wavelo growth.
Net loss of $3.0M ($0.28 loss per share) compared to net income of $2.1M ($0.20 EPS) in Q1 2021.
Adjusted EBITDA $11.3M, down 11% from $12.7M, due to accelerated fiber network expansion.
Ting Fiber Internet Services revenue $9.8M (up 93% YoY); Wavelo Platform Services revenue $6.8M (up 973% YoY).
Cash and equivalents $6.2M at quarter end, down from $9.1M at Q4 2021.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.