Welcome to our dedicated page for Tucows news (Ticker: TCX), a resource for investors and traders seeking the latest updates and insights on Tucows stock.
Tucows Inc (TCX) provides essential internet infrastructure through domain registration services, fiber-optic connectivity, and telecommunications software solutions. This news hub offers investors and industry professionals centralized access to verified updates across all company operations.
Track official announcements including quarterly earnings reports, strategic partnerships, product launches, and management updates. Our curated collection features press releases related to Ting Internet expansions, Wavelo software innovations, and Tucows Domains registry developments. Stay informed about network infrastructure investments, reseller program enhancements, and enterprise software deployments.
All content undergoes strict verification to ensure accuracy and relevance for stakeholders. Bookmark this page for real-time updates on TCX's progress in digital identity management, mobile service enablement, and cloud-based solutions for communication providers.
Tucows (NASDAQ: TCX) has scheduled its Q1 2025 financial results announcement for May 8, 2025, at 5:05 p.m. ET. The company will release its results for the quarter ended March 31, 2025, via news release.
Management will provide pre-recorded audio commentary and transcript discussing the quarterly performance and company outlook, which will be available on the Tucows website immediately following the results release. Shareholders, analysts, and potential investors can submit questions to management at ir@tucows.com until May 15, 2025. Responses will be posted on the company website on May 27, 2025, at approximately 5 p.m. ET.
Tucows (NASDAQ: TCX) has announced five new nominations to its Board of Directors for the upcoming Annual Meeting of Shareholders, as detailed in the 2025 Proxy Statement. The nominees include Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory, and Stephan Uhrenbacher, joining returning directors Marlene Carl, Lee Matheson, and Elliot Noss.
The new nominees bring diverse expertise across finance, technology, marketing, and entrepreneurship. Dr. Matz is a Columbia Business School professor specializing in behavioral science, Nienaber brings investment strategy experience from LMN Capital, Taylor offers financial expertise from GTD Partners, Tory contributes investment knowledge from Pembroke Management, and Uhrenbacher adds tech entrepreneurship experience.
Five departing board members - Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz, and Gigi Sohn - are not seeking re-election. The board refresh aligns with Tucows' strategic focus on innovation across its Ting Internet, Tucows Domains, and Wavelo businesses.
Tucows (NASDAQ:TCX) has amended its Q4 2024 financial results, reducing a previously disclosed non-cash impairment charge for property and equipment by $2.81 million. The company reported a net loss of $42.5 million ($3.86 per share) in Q4 2024, compared to a net loss of $23.4 million ($2.14 per share) in Q4 2023.
The increased loss was primarily attributed to one-time impairment in Ting, restructuring charges, and increased interest expense. Excluding impairment, restructuring items, and transition costs, the Adjusted net loss was $15.8 million ($1.43 per share) in Q4 2024, compared to an Adjusted net loss of $22.4 million ($2.05 per share) in Q4 2023.
Tucows (NASDAQ: TCX) reported its Q4 and full-year 2024 results, marking its fourth consecutive year of revenue growth. Q4 consolidated net revenue increased 7.1% to $93.1 million, with gross profit up 19% to $21.2 million. However, the company recorded a net loss of $45.3 million ($4.11 per share) in Q4, primarily due to one-time impairment charges in Ting and restructuring costs.
Adjusted EBITDA for Q4 2024 showed significant improvement, increasing 403% to $12.8 million from $2.6 million in Q4 2023, driven by revenue growth from Domains and Ting businesses, along with improved cost management. The company's cash position at the end of Q4 2024 stood at $73.2 million, down from $91.1 million in Q3 2024.
The company made progress in deleveraging its business, using cash flow from Wavelo and Tucows Domains to reduce syndicated debt. Despite one-time charges affecting Q4 profitability, management reported meaningful improvements across key financial metrics through revenue and cost optimization.
Tucows (NASDAQ: TCX) has announced a new $40 million stock buyback program approved by its Board of Directors. The program will run from February 14, 2025, to February 13, 2026, replacing the previously announced $40 million buyback program that began February 23, 2024. Purchases will be made exclusively through the Nasdaq Capital Market.
The company will retire and return to treasury any shares purchased under this program. With 11,030,156 common shares outstanding as of February 12, 2025, Tucows maintains discretion over the timing and volume of purchases, which will depend on cash availability and market conditions. The buyback will be funded through working capital and existing credit facilities. The company has specified it won't purchase shares from management or insiders.
Wavelo, a provider of event-driven software solutions for telecom, has secured a four-year contract renewal with EchoStar's Boost Mobile. The renewed partnership extends the relationship established in 2020 when Wavelo launched its cloud-based software platform. Boost Mobile, which offers wireless services covering 99% of the U.S., has been utilizing Wavelo's software for critical ordering, billing, and provisioning functions to enhance customer experience.
The partnership continuation supports Boost Mobile's position as the newest nationwide network in the U.S. Additional details about the contract will be disclosed in Tucows' Q4 2024 management remarks, scheduled for February 13, 2025.
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