Tucows Q3 net loss of $8.0M; revenue up 2.8% but EBITDA down 35%

TUCOWS INC /PA/

2022-Q3 EPS reported -$1.31 revenue$242,233,000

Net loss of $8.0M ($0.74 loss/share) vs net income of $1.4M ($0.13) in Q3 2021.
Revenue $78.1M (+2.8% YoY); gross profit flat at $18.0M.
Adjusted EBITDA fell 35% to $7.9M from $12.2M, driven by Wavelo investment and Tucows Domains decline.
Ting Fiber Internet revenue surged 71% to $10.9M; gross profit up 141% to $6.7M.
Cash and equivalents rose to $30.5M from $5.5M a year earlier.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TUCOWS INC /PA/ reported the third quarter ended September 30, 2022 results: revenue $78.1 million, net income Net loss of $8.0 million, EPS a loss of $0.74 per share.

Period: the third quarter ended September 30, 2022
Revenue: $78.1 million
Net income: Net loss of $8.0 million
EPS: a loss of $0.74 per share
Result: reported results

Exact text from the filing

reported its financial results for the third quarter ended September 30, 2022. All figures are in U.S. dollars. “Total revenue for the third quarter of 2022 increased 2.8% to $78.1 million, while gross profit was essentially flat. We had strong gains in the Ting business, with revenue up 71%, and gross profit up 141% year over year. The Ting business gains were

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Source: SEC EDGAR

accession 0001437749-22-026116

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