Highest-materiality recent filing
Resolved $150M Series A Preferred Units of Ting Fiber for $3M purchase and $5M loan; prior breach and trigger event withdrawn.
Tucows beats FY 2025 Adj. EBITDA guidance by $3.6M; Q4 revenue up 6% YoY
FY 2025 revenue $390.3M (+8% YoY); gross profit $94.0M (+13% YoY).
Ting Fiber preferred return breach; Generate can demand ~$186M redemption
Ting failed to pay preferred return to Generate for two consecutive quarters, triggering a Return Breach and Trigger Event.
Tucows Q4 adj EBITDA soars 403% to $12.8M; revenue up 7% to $93.1M
Net loss of $45.3M ($4.11 per share) vs $23.4M loss in Q4 2023; includes one-time impairment and restructuring charges.
Wavelo (Tucows subsidiary) renews 4-year contract with EchoStar's Boost Mobile
Contract renewal effective Jan 1, 2025; extends partnership from original 2020 MSA.
Tucows Q3 2024 revenue up 6% to $92.3M; adjusted EBITDA jumps 94% to $8.7M
Net revenue $92.3M, +6.1% YoY; gross profit $22.2M, +32.4% YoY.
Tucows cuts 17% of workforce, eliminates COO role in capital efficiency plan
Plan impacts 42% of Ting Fiber workforce and 17% of total Tucows workforce.
Tucows closes $63M Ting fiber securitization at 5.9% weighted avg coupon
Issued $55M Class A-2 (5.63%), $8M Class B (6.85%) notes; $16M Class C retained.
Tucows Q2 2024 revenue up 5.2% to $89.4M, adjusted EBITDA up 70% to $9.2M
Revenue $89.4M (+5.2% YoY), gross profit $20.8M (+15.4% YoY), driven by Ting and Domains.
Tucows names Ivan Ivanov as CFO effective Aug 5, 2024, replacing Dave Singh
Dave Singh resigns as CFO effective Aug 2, 2024; not due to disagreement with company.
Tucows Q4 2023 revenue up 10% to $87M; net loss widens to $23.4M; Adj EBITDA down 62%
Revenue $87.0M (+10.2% YoY); net loss -$23.4M (-$2.14/sh) vs -$13.4M (-$1.25) in Q4 2022.
Tucows auditor KPMG resigns; Deloitte appointed; material weakness persists
KPMG resigned as auditor on May 23, 2023 at company's request, effective immediately.
Tucows Q1 net loss $19.1M ($1.77/sh); revenue down 0.8% to $80.4M; Adj EBITDA $3.0M down 73%
Net loss widened to $19.1M ($1.77 loss per share) vs $3.0M loss YoY; revenue $80.4M down 0.8%.
Tucows' Ting subsidiary closes $239M asset-backed securitization for fiber network expansion
Issued $239M in secured notes: $168.4M Class A-2 (5.95%), $23.3M Class B (7.40%), $46.9M Class C (9.95%).
Tucows Q4 2022 net loss widens to $13.4M; revenue falls 4% YoY to $79M
Net revenue $79M (-4.3% YoY); net loss $13.4M ($1.25 diluted loss) vs $2.0M loss in Q4 2021.
Tucows authorizes $40M share repurchase program; prior program terminated
Board of Directors approved up to $40M in open-market stock buybacks beginning Feb 10, 2023 through Feb 9, 2024.
Tucows Q3 net loss of $8.0M; revenue up 2.8% but EBITDA down 35%
Net loss of $8.0M ($0.74 loss/share) vs net income of $1.4M ($0.13) in Q3 2021.
Tucows Q2 2022 revenue up 11% to $83.1M; net loss of $3.1M on Ting capex
Revenue $83.1M (+11% YoY); gross profit $22.1M (+21% YoY).
Tucows reports Q1 2022 net loss of $3.0M vs net income of $2.1M YoY; revenue up 14%
Net revenue $81.1M (+14% YoY); gross profit $21.2M (+22% YoY) driven by Ting and Wavelo growth.
Tucows Q4 2021 revenue up 17% to $82.5M, net loss $2.0M vs income $2.1M a year ago
Net revenue $82.5M (+17% YoY), gross profit $24.6M (+41%) driven by Fiber Internet and Mobile Platform growth.
25-year lease signed Dec 17, 2021, for fiber-to-the-home network with Colorado Springs Utilities.
Tucows Q3 net revenue $75.9M (+2.1% YoY); net income $1.4M ($0.13 EPS); Adj. EBITDA $12.2M
Net income of $1.4M vs $0.7M YoY; basic EPS $0.13 vs $0.07.
Tucows Q2 2021 revenue $75.1M (-8.6% YoY); net income $1.8M up 1,051% on Ting asset gain
Net revenue $75.1M (down 8.6% YoY) due to absence of Ting Mobile MVNO revenue after sale to DISH.
new Board of Director nominees Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher will be standing for election to the Company’s Board of Directors
new Board of Director nominees Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher will be standing for election to the Company’s Board of Directors
Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz and Gigi Sohn have decided to not seek reelection.
new Board of Director nominees Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher will be standing for election to the Company’s Board of Directors
new Board of Director nominees Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher will be standing for election to the Company’s Board of Directors
Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz and Gigi Sohn have decided to not seek reelection.
Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz and Gigi Sohn have decided to not seek reelection.
Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz and Gigi Sohn have decided to not seek reelection.
Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz and Gigi Sohn have decided to not seek reelection.
new Board of Director nominees Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher will be standing for election to the Company’s Board of Directors
Michael Koenig, the Chief Operating Officer since October 31, 2022, has left the Company effective October 30, 2024.
On June 25, 2024, the Board appointed Ivan Ivanov, age 45, as the Company’s Chief Financial Officer, effective as of August 5, 2024.
Max materiality 0.80 · Median 0.60 · Most common event earnings