Tucows Q4 adj EBITDA soars 403% to $12.8M; revenue up 7% to $93.1M

TUCOWS INC /PA/

Net loss of $45.3M ($4.11 per share) vs $23.4M loss in Q4 2023; includes one-time impairment and restructuring charges.
Adjusted net loss of $15.8M ($1.43 per share) vs $22.4M loss; adjusted EBITDA of $12.8M vs $2.6M.
Full year 2024 revenue $362.3M (+7% YoY); gross profit $83.0M (+25%); net loss $112.7M.
Ting impairment and workforce restructuring costs impacted Q4; company calls them one-time.
Cash and equivalents at Dec 31, 2024: $73.2M, down from $92.7M at end of 2023.

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