Tucows Inc Stock Price, News & Analysis

Tucows (TCX) announced the expansion of its Ting Internet service into Colorado Springs, marking its largest market to date. This venture involves being the initial anchor tenant on a new city-wide fiber network developed by Colorado Springs Utilities. Construction is set to begin in Q3 2022, aiming to reach over 200,000 addresses by 2023.

Ting is committed to enhancing local infrastructure and plans to hire a dedicated local team while establishing connections with the community, thus driving growth and technological resilience in Colorado Springs.

Tucows (NASDAQ: TCX) has published its first employee representation report, emphasizing a benchmark-free approach to inclusivity and diversity. The company aims to create a workplace where employees feel valued and empowered. Over 90% of employees participated in a 2021 survey, with 87% believing in equal opportunities for all backgrounds. Tucows utilizes specialized job boards and tools to attract diverse applicants. The organization plans to release annual updates on its inclusivity efforts to ensure accountability and continuous improvement.

Ting Internet has launched its annual Ting Gives Back holiday campaign, partnering with seven food banks across the U.S. for community support. For every new customer signing up by January 15, 2022, Ting will donate $25 to local organizations. This initiative aims to combat the digital divide while enhancing community resources. The food banks include Blue Ridge Area Food Bank and Food Bank of the Rockies, among others. This marks the second year of the campaign, which has previously raised substantial donations.

On Nov. 11, 2021, Ting Internet, a division of Tucows (NASDAQ: TCX), announced a $25,000 sponsorship for San Diego LabRats, a non-profit promoting STEAM education. This funding will support 700 scholarships for ESL and Title I students, aimed at enhancing awareness of the LabRats' STEAM Discovery Center. Additionally, Ting Internet will serve as the presenting sponsor for the LabRats' social media marketing, which includes a website redesign and an email marketing campaign. The LabRats STEAM Discovery Center offers engaging experiences in Robotics and Forensic Science for K-8 students.

Ting Internet, a division of Tucows (NASDAQ: TCX), has launched its fiber internet services in Dover, Idaho. This expansion adds Dover Bay and surrounding areas to Ting's growing network, which already includes Sandpoint and Ponderay. Ting's fiber internet offers reliable, high-speed service without bandwidth sharing issues. Pricing starts at $39 per month for 50 Mbps, reaching up to $89 for gigabit speeds. Custom plans for businesses begin at $139 per month. The service aims to enhance internet accessibility in historically underserved communities.

Tucows reported Q3 2021 financial results, with net revenue of $75.9 million, a 2.1% increase from Q3 2020. The gross profit decreased by 9.6% to $18.0 million, while net income rose 92% to $1.4 million or $0.13 per share. The company noted a significant 410.5% increase in Other Income from the sale of Ting Mobile assets. Mobile Services revenue fell 4% year-over-year, but the Fiber Internet Services segment showed growth, with subscribers increasing 67%.

Tucows Inc. (NASDAQ: TCX, TSX: TC) will release its third quarter 2021 financial results on November 4, 2021, at 5:05 PM ET. A pre-recorded audio commentary and transcript discussing the financial results and future outlook will also be available on their website. Shareholders and analysts can submit questions until November 12, 2021, with responses published by November 18, 2021. Tucows provides various Internet services, including Ting Internet, and manages around 25 million domain names through a global reseller network.

Tucows Inc. (NASDAQ: TCX) has announced the acquisition of Simply Bits, a prominent fixed wireless network service provider in Tucson, Arizona. This strategic move will allow Ting Internet, a Tucows subsidiary, to enter the Southern Arizona market swiftly, leveraging Simply Bits' existing infrastructure and customer base of approximately 4,500. The acquisition will enhance Ting's market presence and service offerings, particularly in Pima, Pinal, Santa Cruz, and Cochise counties. The deal is expected to close in Q4 2021, subject to regulatory approvals.

Tucows (NASDAQ: TCX) announced the acquisition of UNR Corp.'s registry platform service on October 1, 2021. This transaction enhances Tucows' domain services and includes the addition of 10 skilled industry professionals with over 150 years of collective experience. David Woroch, Tucows' Executive VP, emphasized the value of integrating UNR's team and technology to strengthen their domain business. Frank Schilling, CEO of UNR, expressed confidence in Tucows managing the registry platform, marking a significant step in Tucows' growth strategy.