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TC Tucows News Story

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Canada's Tucows Q4 revenue rises 6%, net loss narrows

Overview

Canadaian internet services firm's fiscal Q4 revenue rose 6% yr/yr

Gross profit for fiscal Q4 increased 14% yr/yr

Company reported net loss of $22 mln, reduced from previous year

Outlook

Company remains focused on operational and capital efficiency initiatives

Company believes ongoing Ting strategic process will build a resilient earnings profile

Result Drivers

REVENUE GROWTH - Revenue increased 6% in Q4, driven by gains across all business segments

MARGIN IMPROVEMENTS - Gross profit rose 14% due to margin gains in Wavelo and Domains, and reduced network expenses at Ting

ADJUSTED EBITDA DECLINE - Adjusted EBITDA fell 14% due to legacy mobile business obligations

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Adjusted EPS-$1.73
Q4 Net Income-$22 mln
Q4 Adjusted EBITDA$11.10 mln
Q4 Gross Profit$24.10 mln
Press Release: ID:nCNWRk1pNa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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