secwatch.observer — SEC 8-K summary
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Issuer:     TUCOWS INC /PA/ (TCX)
CIK:        0000909494
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001437749-22-011262
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909494/000143774922011262/0001437749-22-011262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909494/000143774922011262/tcx20220506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011262

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer