Tucows Q4 2022 net loss widens to $13.4M; revenue falls 4% YoY to $79M

TUCOWS INC /PA/

2022-FY EPS reported -$2.56 revenue$321,142,000

Net revenue $79M (-4.3% YoY); net loss $13.4M ($1.25 diluted loss) vs $2.0M loss in Q4 2021.
Adjusted EBITDA fell 47% to $6.7M from $12.7M; gross profit down 30.8% to $17.0M.
Ting fiber revenue grew 38% to $11.5M, but Wavelo revenue declined; Domains revenue flat at $60.3M.
Cash and equivalents $23.5M, up from $9.1M a year ago but down from $30.5M last quarter.
Management cites macroeconomic uncertainty and investment for long-term growth despite headwinds.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TUCOWS INC /PA/ reported fourth quarter ended December 31, 2022 results: revenue $79 million, net income $13.4 million, EPS $1.25 per share.

Period: fourth quarter ended December 31, 2022
Revenue: $79 million
Net income: $13.4 million
EPS: $1.25 per share
Result: reported results

Exact text from the filing

Net revenue for the fourth quarter of 2022 decreased 4.3% to $79 million from $82.5 million for the fourth quarter of 2021.

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Source: SEC EDGAR

accession 0001437749-23-002981

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