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Tucows Inc. (USA) (OQ:TCX)

Business Focus: Internet Services

Sector:  Technology Industry:  Internet Services
See Regulatory Filings on SEC
Company Contact
Address: 96 Mowat Ave
Tel: N/A
IR: See website
Key People
Allen Karp
Independent Chairman of the Board
Justin Reilly
Chief Product Officer
Elliot Noss
President, Chief Executive Officer, Director
Davinder Singh
Chief Financial Officer
David John Woroch
Executive Vice President - Domains
Hanno Liem
Chief Technology Officer
Bret Fausett
Chief Legal Officer
Michael Goldstein
Chief Revenue Officer, Ting
Jessica Johannson
Chief People Officer
Ross Rader
Chief Customer Officer
Business Overview
Tucows Inc. is engaged in providing Internet services. The Company's segments include Network Access Services and Domain Services. The Network Access Services segment includes fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services. The Company focuses on serving the needs of this network of resellers by providing services, interfaces, proactive and attentive customer service, reseller-oriented technology and agile design and development processes. The Company focuses its service offerings under brands, including OpenSRS, YummyNames, Platypus, Hover and Ting. As of December 31, 2016, the OpenSRS Domain Service managed 15 million domain names under the Tucows ICANN registrar accreditation and for other registrars.
Financial Overview
For the six months ended 30 June 2020, Tucows Inc. (USA) revenues increased 2% to $166.1M. Net income decreased 45% to $3M. Revenues reflect Domain Services segment increase of 3% to $119.7M. Net income was offset by Amortization of intangible assets increase of 32% to $5.5M (expense), General and administrative increase of 10% to $10.2M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $0.51 to $0.28.