---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005502"
form_type: "8-K"
ticker: "TCX"
cik: "0000909494"
company_name: "TUCOWS INC /PA/"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T16:20:07.043087+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tucows Q4 2023 revenue up 10% to $87M; net loss widens to $23.4M; Adj EBITDA down 62%

## Summary
- Revenue $87.0M (+10.2% YoY); net loss -$23.4M (-$2.14/sh) vs -$13.4M (-$1.25) in Q4 2022.
- Adjusted EBITDA $2.6M vs $6.7M a year ago, down 62% on Ting investment.
- Wavelo revenue surged to $9.5M from $4.5M, segment EBITDA turned positive at $2.6M.
- Ting Fiber revenue $13.8M but segment EBITDA -$12.4M; operating cash flow $9.0M (vs $2.9M).
- Full year net loss -$96.2M vs -$27.6M; Adj EBITDA $15.5M vs $37.6M.

## SEC filing metadata
- accession: 0001437749-24-005502
- form_type: 8-K
- ticker: TCX
- cik: 0000909494
- company_name: TUCOWS INC /PA/
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/909494/000143774924005502/0001437749-24-005502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909494/000143774924005502/tcx20240223c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005502
- JSON: https://secwatch.observer/filing/0001437749-24-005502.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005502.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/909494/000143774924005502/0001437749-24-005502-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.