Tucows Inc Stock Price, News & Analysis

Tucows has reported its Q2 2021 financial results, with net revenue of $75.1 million, an 8.6% decline from $82.1 million in Q2 2020, primarily due to the sale of Ting Mobile customer relationships to DISH.

Gross profit decreased by 20.6% to $18.2 million. Despite these declines, the company saw a net income increase to $1.8 million, or $0.17 per share.

Above all, Tucows reported strong growth in Domain Services and Fiber Internet Services, indicating resilience in its business model.

Tucows Inc. (NASDAQ: TCX) will release its Q2 2021 financial results on August 5, 2021, at 5:05 PM ET. A pre-recorded audio commentary will be available simultaneously on the Tucows website. Investors can submit questions to management until August 11, 2021, with responses posted on August 17, 2021. The company offers services in network access, mobile technology, and domain management, handling around 25 million domain names through a wide reseller network.

Ting Internet, a division of Tucows (NASDAQ: TCX), has launched its fiber internet service in Culver City, California, marking a significant expansion of its operations. This service offers enhanced bandwidth and reliability compared to traditional cable internet. Alongside the launch, Ting introduced a community program aimed at addressing the digital divide by providing free internet access to over 300 affordable housing units in the city. Pricing starts at $89 per month for home service and $139 for business gigabit internet.

Ting Internet, a division of Tucows, has launched free Wi-Fi at Centennial Center Park in Centennial, Colorado, enhancing the experience for park visitors. The initiative, announced on July 6, 2021, provides wireless hotspots capable of supporting thousands of users, making it a valuable addition during the summer season. The park, spanning 11 acres, features amenities such as a playground and splash pad, attracting many guests. Ting's commitment to improving community access to the internet reflects its mission to lower barriers for connectivity.

Tucows has announced that its Ting Internet service is now available in Rolesville, North Carolina, marking its fourth launch in the state. The fiber internet service offers higher bandwidth and less signal interference than traditional cable, enhancing user experience for both residents and businesses. Starting prices are $89 per month for home service and $139 for businesses. This expansion follows previous rollouts in nearby towns and responds to increasing demand for reliable internet as more individuals work from home.

On June 3, 2021, Ting Internet, part of Tucows (NASDAQ: TCX), announced a five-year partnership to rename Charlottesville Pavilion as Ting Pavilion. The venue opens its 2021 season on June 18, featuring the return of the Fridays After Five concert series. Ting Internet has served the Charlottesville community since 2014, expanding its fiber internet services and supporting local initiatives. Venue management emphasizes community engagement and economic impact. City Council approval for the name change is expected on June 7, 2021.

Ting Internet, a division of Tucows (NASDAQ: TCX), is among the first to support the Emergency Broadband Benefit initiated by the FCC. This program offers eligible customers up to $50 monthly off their internet bills, funded by a $3.2 billion allocation from Congress. The initiative aims to alleviate financial burdens related to broadband access during the pandemic. Ting Internet, active in 13 markets, continues to focus on digital inclusion, enhancing community connectivity through various support programs.

Tucows reported its Q1 2021 financial results, revealing a net revenue of $70.9 million, down 15.6% from $84.0 million in Q1 2020. The drop was primarily due to the transition from a Mobile Virtual Network Operator to a Mobile Services Enabler, resulting in reduced revenue from Mobile Services. Gross profit also fell 30.6% to $17.5 million. Despite these declines, Adjusted EBITDA remained steady at $12.7 million. The net income decreased by 24.2% to $2.1 million, reflecting higher depreciation costs.

Tucows Inc. (NASDAQ: TCX, TSX: TC) plans to report its Q1 2021 financial results on May 6, 2021, at 5:05 PM ET, followed by a pre-recorded audio commentary on its quarterly performance and future outlook. Shareholders and investors can submit questions until May 11, with responses posted on May 18. Tucows provides internet services, including Ting Internet for fiber access, and manages around 25 million domain names through various platforms. The upcoming financial results may impact investor sentiment.