Tucows Q2 2022 revenue up 11% to $83.1M; net loss of $3.1M on Ting capex

TUCOWS INC /PA/

2022-Q2 EPS reported -$0.57 revenue$164,183,000

Revenue $83.1M (+11% YoY); gross profit $22.1M (+21% YoY).
Net loss $3.1M ($0.29/sh) vs net income $1.8M ($0.17/sh) in Q2 2021.
Adjusted EBITDA $11.7M (+5% YoY); Wavelo segment EBITDA $3.9M offset Ting segment loss ($6.2M).
Ting fiber internet revenue doubled to $10.2M; Wavelo platform revenue surged to $8.97M from $2.7M.
Cash $6.5M; segments restated to Ting, Wavelo, Tucows Domains.

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