Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TUCOWS INC /PA/ reported fourth quarter ended December 31, 2023 results: revenue $87.0 million, net income net loss of $23.4 million, EPS loss of $2.14 per share.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $87.0 million
- Net income
- net loss of $23.4 million
- EPS
- loss of $2.14 per share
- Result
- reported results
Exact text from the filing
Consolidated net revenue for the fourth quarter of 2023 increased 10.2% to $87.0 million from $78.9 million for the fourth quarter of 2022. The growth in Wavelo, Ting and Domains revenues was offset by a small decrease in revenue from Tucows Corporate. Gross profit for the fourth quarter of 2023 increased 4.8% to $17.8 million from $17.0 million from the fourth quarter of 2022. The increase in gross profit was driven primarily by robust gross profit gains from Wavelo, as well as gross profit increases in line with expectations for Ting and Domains. The increase was partially offset by increased network depreciation and network expenses as the Ting network footprint expands. Net loss for the fourth quarter of 2023 was $23.4 million, or a loss of $2.14 per share, compared with net loss of $13.4 million, or $1.25 per share, for the fourth quarter of 2022.
View on SEC.gov