secwatch.observer — SEC 8-K summary
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Issuer:     TUCOWS INC /PA/ (TCX)
CIK:        0000909494
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001437749-23-013090
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tucows Q1 net loss $19.1M ($1.77/sh); revenue down 0.8% to $80.4M; Adj EBITDA $3.0M down 73%
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- Net loss widened to $19.1M ($1.77 loss per share) vs $3.0M loss YoY; revenue $80.4M down 0.8%.
- Adjusted EBITDA fell 73% to $3.0M from $11.3M; gross profit down 34% to $14.1M.
- Ting Fiber revenue up 21% to $11.9M; Ting closed $239M in new funding; Wavelo revenue up 63% from prior quarter.
- Domains revenue declined to $59.2M from $61.5M; cash $11.8M vs $23.5M at Q4 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909494/000143774923013090/0001437749-23-013090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909494/000143774923013090/tcx20230425_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013090

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