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Tucows (TSE:TC)
:TC
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -4.22%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong revenue growth in the Domains and Ting segments and improved adjusted EBITDA, balanced by significant workforce reductions, challenges in equity partnerships, and a decline in Wavelo's revenue. The sentiment is tempered by the company's focus on restructuring and operational efficiency.Company Guidance
During the third quarter of 2024, Tucows provided extensive guidance on its restructuring efforts and financial performance metrics. The company announced a significant reduction in its Ting workforce, cutting over 40% of employees involved in market expansion and construction to save approximately $22 million in cash operating expenses. This move aims to achieve a sustainable cost structure and positive adjusted EBITDA for Ting by 2025. For Q3, Tucows reported a 6.1% increase in consolidated revenue to $92.3 million, driven primarily by a 19% revenue growth in Ting and a 5.9% increase in Tucows Domains. Gross profit surged 32.4% year-over-year to $22.2 million, while adjusted EBITDA nearly doubled, reaching $8.7 million compared to $4.5 million the previous year. The company ended the quarter with $75.2 million in cash and cash equivalents, reflecting its continued focus on financial stability and deleveraging, despite the ongoing challenges in the fiber mid-market and telecom industry.Strong Revenue Growth in Domains and Ting
Tucows Domains delivered its seventh consecutive quarter of revenue growth, with revenue for Q3 up 6% year-over-year to $64.7 million. Ting grew revenue 19% year-over-year to $15.3 million, driven by a 21% increase in subscribers.
Improved Adjusted EBITDA
The company reported an adjusted EBITDA of $8.7 million, up 94% from Q3 2023, primarily driven by profitability improvements at Ting and Domains.
Cost Reductions and Operational Efficiency
Operational expenses decreased by 5% year-over-year, with significant reductions in sales and marketing costs and fully amortized intangible assets.
Cash and Debt Management
Cash and cash equivalents increased to $75.2 million by the end of Q3 2024, compared to $39.3 million at the end of Q2 2024.
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TSE:TC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$24.17 | C$22.76 | -5.83% |
| Aug 08, 2024 | C$32.25 | C$30.57 | -5.21% |
| May 09, 2024 | C$26.55 | C$24.81 | -6.55% |
| Feb 22, 2024 | C$28.79 | C$27.45 | -4.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tucows (TSE:TC) report earnings?
Tucows (TSE:TC) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Tucows (TSE:TC) earnings time?
Tucows (TSE:TC) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TC EPS forecast?
Currently, no data Available
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