Sector: Technology | Industry: Internet Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 96 Mowat Ave TORONTO ON M6K 3M1 |
Tel: | 1-416-5350123 |
Website: | https://www.tucows.com |
IR: | See website |
Key People | ||
Elliot Noss President, Chief Executive Officer, Director | Davinder Singh Chief Financial Officer | Justin Reilly Chief Executive Officer - Wavelo |
David John Woroch Chief Executive Officer of Tucows Domains Services | Michael Koenig Chief Operating Officer | Bret Fausett Chief Legal Officer, General Counsel |
Business Overview |
Tucows Inc. is engaged in providing Internet services. The Company's segments include Ting, Wavelo and Tucows Domains. Ting segment provides retail high speed Internet access services to individuals and small businesses. Wavelo segment offers platform and other professional services related to communication service providers, including Mobile Network Operators and Internet Service Providers. The Tucows Domains segment includes wholesale and retail domain name registration services, value added services and portfolio services. It primarily earns revenues from the registration fees charged to resellers in connection with new, renewed and transferred domain name registrations; the sale of retail Internet domain name registration and email services to individuals and small businesses. The Company provides these services primarily through a global Internet-based distribution network of Internet service providers, Web hosting companies and other providers of Internet services to end-users. |
Financial Overview |
For the nine months ended 30 September 2023, Tucows Inc revenues increased 4% to $252.4M. Net loss increased from $14.1M to $72.8M. Revenues reflect Wavelo segment increase from $10.9M to $29.1M, Ting segment increase of 79% to $37.1M. Higher net loss reflects Interest expense, net increase from $8.6M to $29.1M (expense), Sales and marketing increase of 25% to $49.1M (expense). |