Tucows Inc (TCX) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Workforce ... [Yahoo! Finance]
Tucows Inc. (TCX)
NASDAQ:AMEX Investor Relations:
tucows.com/investors
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Source: Yahoo! Finance
Tucows Inc ( NASDAQ:TCX ) reported strong year-over-year growth in revenue, gross profit, and adjusted EBITA, reflecting a focus on profitable growth. Tucows Domains delivered its seventh consecutive quarter of revenue growth, with a 6% increase in Q3 2024 compared to the same quarter last year. The company successfully reduced operating expenses by 5%, primarily due to decreased marketing spend and fully amortized intangible assets. Ting's gross margin increased by 38% year-over-year, driven by a healthy increase in subscribers and cost reductions. Tucows Inc ( NASDAQ:TCX ) has nearly $80 million in cash on hand, providing a strong financial position to support future operations and investments. Tucows Inc ( NASDAQ:TCX ) laid off over 40% of the Ting workforce, indicating significant restructuring and potential challenges in market expansion. The company was unsuccessful in securing a long-term common equity partner for the Ting business, impacting its ability to expand
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News
- Tucows Third Quarter 2024 Earnings: US$2.03 loss per share (vs US$2.09 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Tucows Reports Financial Results for Third Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Tucows Reports Financial Results for Third Quarter 2024PR Newswire
- Tucows Announces Capital Efficiency PlanPR Newswire
- Tucows Announces Timing for Q3 2024 Financial Results News Release and Management Commentary [Yahoo! Finance]Yahoo! Finance
TCX
Sec Filings
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- TCX's page on the SEC website