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Tucows Inc (OQ:TCX)

Business Focus: Internet Services

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).