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. (NASDAQ: TCX, TSX: TC) generates a steady stream of news as a global internet services company active in communications service technology, domain services, and fiber‑optic internet infrastructure. This news page aggregates press releases and media coverage related to Tucows, its operating segments, and its subsidiaries.
Readers can follow updates on Tucows Domains, which manages tens of millions of domain names and provides wholesale, retail, and registry services through a large global reseller network. News items in this area often cover domain industry partnerships, such as Tucows Registry’s agreement to provide back‑end registry services for Radix’s portfolio of top‑level domains, as well as developments in value‑added services for web hosts and ISPs.
Wavelo, Tucows’ telecom software subsidiary, is frequently featured in announcements about event‑driven software solutions for communications service providers. Coverage includes product launches like the "Free Your Data" offering, which aims to unlock data in legacy BSS/OSS systems and support AI strategies, as well as industry recognition such as TM Forum Customer Experience Management Conformance Certification.
Ting Internet appears in Tucows’ financial and strategic updates as the company reports on its fiber internet services and the evolution of Ting’s capital‑light model. Earnings releases provide segment‑level revenue, gross profit, and Adjusted EBITDA figures for Ting Internet, Wavelo, and Tucows Domains, along with commentary on margin expansion, capital efficiency, and AI‑driven efficiencies.
Investors and observers can also track corporate governance and leadership news, including board composition, committee leadership, and executive succession. Examples include the election of a diverse board with expertise in finance, technology, and data analytics, and the appointment of a new President and CEO drawn from Tucows Domains leadership.
Bookmark this page to review Tucows’ quarterly financial results, segment performance, strategic partnerships, product announcements from Wavelo, domain registry developments, and governance updates, all in one place.
Tucows (NASDAQ: TCX, TSX: TC) has announced it will release its Q4 2024 financial results on Thursday, February 13, 2025, at 5:05 p.m. ET. Along with the financial results, the company will post management's pre-recorded audio commentary and transcript on their website.
Following the release, shareholders, analysts, and prospective investors can submit questions to management at ir@tucows.com until February 20, 2025. Management will respond to all questions through an audio recording and transcript posted on the company's website on March 4, 2025, at approximately 5 p.m. ET.
Tucows (NASDAQ: TCX) reported Q3 2024 financial results with notable growth across key metrics. Revenue increased 6.1% to $92.3 million, while gross profit surged 32.4% to $22.2 million compared to Q3 2023. Adjusted EBITDA showed significant improvement, rising 94.3% to $8.7 million. Despite these gains, the company posted a net loss of $22.3 million ($2.03 per share), slightly improved from the $22.8 million loss in Q3 2023. The company implemented cost controls and workforce reductions in its Ting business, focusing on maximizing penetration of existing networks. Cash and equivalents stood at $91.1 million at quarter's end.
Tucows (NASDAQ: TCX) has implemented a capital efficiency plan involving significant workforce reductions, impacting approximately 42% of Ting's workforce and 17% of Tucows' total workforce. The restructuring aims to make Ting self-sufficient and improve overall company efficiency. The company expects significant Adjusted EBITDA growth for Tucows in 2025, with the Ting business projected to reach around EBITDA breakeven in the same year. The decision comes after exploring various financing options for Ting's expansion, with the company now focusing on increasing penetration in existing footprints and partner markets like Memphis and Colorado Springs.
Tucows (NASDAQ: TCX, TSX: TC) has scheduled its Q3 2024 financial results announcement for November 7, 2024, at 5:05 p.m. ET. Management will release pre-recorded audio commentary and transcript discussing quarterly results and company outlook simultaneously on their website. Shareholders and analysts can submit questions to ir@tucows.com until November 14, with responses to be posted on the company website on November 26, 2024, at approximately 4 p.m. ET.
Tucows Inc. (NASDAQ: TCX) (TSX: TC) announced that its subsidiary, Ting Fiber, , has closed a $63 million offering of Series 2024-1 Fixed Rate Senior Secured Notes. The proceeds will fund fiber network expansion and growth. Since May 2023, Ting has added 29,000 serviceable addresses and 9,500 customers. The Notes, priced at a 5.9% weighted average coupon, represent a 150 bps decrease compared to the 2023-1 notes. The cumulative outstanding balance of both 2023 and 2024 ABS notes is 8.1x the annualized run rate collections. The securitization includes 125,000 serviceable addresses and 45,500 customers across six states.
Tucows Inc. (NASDAQ: TCX) (TSX: TC) reported its Q2 2024 financial results, showing strong year-over-year growth in key metrics. Consolidated net revenue increased 5.2% to $89.4 million, while gross profit rose 15.4% to $20.8 million. The company's net loss decreased to $18.6 million ($1.70 per share) from $31.0 million ($2.86 per share) in Q2 2023. Adjusted EBITDA surged 70% to $9.2 million. The improved performance was driven by robust subscriber growth and gross margin increases in Ting, as well as revenue gains from Domains. Tucows continued to deleverage its business using cash flow from Wavelo and Tucows Domains. The company's cash position at the end of Q2 2024 was $52.2 million, down from $79.4 million in Q1 2024.
Tucows Inc. (NASDAQ: TCX, TSX: TC) has announced the timing for its Q2 2024 financial results release. The company will report its financial results for the quarter ended June 30, 2024, via news release on Thursday, August 8, 2024 at 5:05 p.m. ET. Simultaneously, management's pre-recorded audio commentary and transcript discussing the quarter and company outlook will be posted on the Tucows website.
Following this, shareholders, analysts, and prospective investors can submit questions to Tucows' management at ir@tucows.com until Thursday, August 15, 2024. Management will post responses to these questions on the company's website on Tuesday, August 27, 2024, at approximately 4 p.m. ET.
Tucows (NASDAQ: TCX) announced the voting results from its Annual Meeting of Shareholders held on June 20, 2024. Eight director nominees were elected, with Marlene Carl receiving the highest support (95.89%) and Allen Karp the least (75.30%). Deloitte LLP was appointed to audit the company's financial statements for the year ending December 31, 2024, with overwhelming approval (99.89%). Full details are available in the 2024 Notice of Annual Meeting and Proxy Statement on the company's website. Results have been filed with Canadian securities regulators and the SEC.
Tucows (NASDAQ: TCX) announced the appointment of Ivan Ivanov as its new Chief Financial Officer, effective August 5, 2024. Ivanov replaces Dave Singh, who is stepping down after seven years to pursue other opportunities. Ivanov joins Tucows from Verizon, where he held multiple financial leadership roles over 22 years, including Executive Director and business unit CFO. His expertise spans strategic capital management, cash flow planning, and commercial finance. CEO Elliot Noss praised Ivanov's relevant financial expertise and welcomed him to the team. Ivanov holds a Master of Accounting from Seton Hall University and is a Chartered Professional Accountant. Singh expressed pride in his tenure at Tucows, looking forward to supporting the company from the sidelines.
Wavelo has launched a new product catalog aimed at helping telecom operators retain and acquire customers by offering flexible, system-agnostic solutions. The catalog allows operators to quickly launch new products and services, reducing the update time from months to minutes. Key features include compatibility with any network type, customizable product bundles, and dynamic pricing and promotions. According to Neil Shah, Wavelo’s Chief Product Officer, the catalog will enable telecom operators to better serve their customers and enhance the overall customer experience. The offering can be integrated as a standalone service or as part of Wavelo’s broader system solutions.