CA Market News
6時間前
Tucows Shareholders Elect Board to Support Continued Execution of Long-Term Strategic PrioritiesJune 4, 2026 5:02 PM
PR Newswire (US) TORONTO, June 4, 2026 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced the voting results from its Annual Meeting of Shareholders held on June 2, 2026. All eight director nominees were elected to the Tucows Board of Directors to serve until the next annual meeting of shareholders or until their successors are duly elected or appointed. Shareholders also approved the Company's advisory resolution on executive compensation and ratified the selection of Deloitte as the Company's independent accounting firm for the fiscal year ending December 31, 2026.The Board elected one new member, David Woroch, President and Chief Executive Officer of Tucows and Tucows Domains. Mr. Woroch joins Marlene Carl, Lee Matheson, Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher on the Tucows Board."On behalf of the Board, I want to thank our shareholders for their continued support and confidence," said Laurenz Nienaber, Chair of the Board of Directors. "We are pleased to welcome David Woroch to the Board, where his leadership as President and CEO and deep understanding of Tucows' operations will further strengthen our oversight and strategic dialogue. With our Board leadership and committee structure continuing unchanged, we are well positioned to maintain momentum on the strategic workstreams already underway and to support management as Tucows executes on its long-term priorities."Voting results were as follows:1. Election of DirectorsDirector NomineeVotes For% ForVotes Withheld% WithheldMarlene Carl6,777,98291.52 %627,7418.48 %Lee Matheson6,705,71790.55 %700,0069.45 %Sandra Matz7,331,74499.00 %73,9791.00 %Laurenz Malte Nienaber6,243,49084.31 %1,162,23315.69 %Allen Taylor6,830,37692.23 %575,3477.77 %Jeffrey Tory7,369,19099.51 %36,5330.49 %Stephan Uhrenbacher6,764,16891.34 %641,5558.66 %David Woroch6,831,22792.24 %574,4967.76 %There were 668,178 broker non-votes with respect to the election of directors.2. Advisory Vote on Named Executive Officer CompensationShareholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers.Votes For% ForVotes Against% AgainstAbstentions% Abstentions6,778,87691.54 %624,5278.43 %2,3200.03 %There were 668,178 broker non-votes with respect to the Advisory Vote on Named Executive Officer Compensation.3. Ratification of Independent Accounting FirmShareholders ratified the selection of Deloitte as the Company's independent accounting firm for the fiscal year ending December 31, 2026.Votes For% ForVotes Against% AgainstAbstentions% Abstentions8,046,16899.66 %2,0800.03 %25,6530.32 %Board Leadership and Committee AssignmentsFollowing the Annual Meeting, the newly elected Board convened and reaffirmed its existing leadership and committee structure, maintaining continuity in Board oversight as Tucows continues to execute against its long-term strategic priorities. The Chair, Vice Chair and committee assignments remain unchanged from the prior year, enabling each committee to build on the important work already underway.Laurenz Nienaber will continue to serve as Chair of the Board and Jeffrey Tory will continue to serve as Vice Chair.Committee leadership and composition are as follows:Audit Committee
Chair: Allen Taylor
Members: Jeffrey Tory, Marlene CarlCompensation Committee
Chair: Stephan Uhrenbacher
Members: Laurenz Nienaber, Allen TaylorGovernance Committee
Chair: Lee Matheson
Members: Stephan Uhrenbacher, Sandra MatzFinal results on all matters voted on at the Annual Meeting of Shareholders held on June 2, 2026 will be filed with the Canadian securities regulators and the Securities and Exchange Commission.About TucowsTucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com).Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. View original content to download multimedia:https://www.prnewswire.com/news-releases/tucows-shareholders-elect-board-to-support-continued-execution-of-long-term-strategic-priorities-302792003.htmlSOURCE Tucows Inc. Original: Tucows Shareholders Elect Board to Support Continued Execution of Long-Term Strategic Priorities
CA Market News
4週前
Tucows Posts First Quarter 2026 Revenue and Gross Profit Growth and Positive Operating Cash FlowMay 7, 2026 5:05 PM
PR Newswire (Canada) TORONTO, May 7, 2026 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the first quarter ended March 31, 2026. All figures are in U.S. dollars. "Our first quarter results reflect steady execution across the business, with consolidated revenue and gross profit increasing year over year, driven by strong growth at Ting and continued margin gains in Tucows Domains," said David Woroch, CEO of Tucows. "We delivered positive cash flow this quarter, even with Adjusted EBITDA that was impacted by legacy mobile obligations and continued investment in Wavelo's go-to-market efforts. Overall, we remain focused on disciplined execution, strengthening the profitability of our core businesses, and continuing to move Ting's strategic process forward." Financial Results
Consolidated net revenue for the first quarter of 2026 increased 2.0% to $96.7 million from $94.6 million for the first quarter of 2025, driven by strong revenue gains from Ting.Gross profit for the first quarter of 2026 increased 2.5% to $24.1 million from $23.5 million from the first quarter of 2025. The increase in gross profit was driven by year-over-year margin gains from Tucows Domains, as well as a decrease in network expenses.Net loss for the first quarter was $18.1 million ($1.63 per share), compared with a net loss of $15.1 million ($1.37 per share) in Q1 2025. Adjusted net loss¹ was $16.9 million (adjusted EPS¹ of ($1.51)) in Q1 2026 versus $14.9 million (adjusted EPS¹ of $(1.35)) in Q1 2025.Adjusted EBITDA1 for the first quarter of 2026 came down 15% to $11.7 million from $13.7 million for the first quarter of 2025. The year-over-year difference was driven primarily by obligations associated with our legacy mobile business, and investment in Wavelo's sales and marketing.We ended the first quarter of 2026 with cash and cash equivalents, and restricted cash and restricted cash equivalents of $61.9 million. This compares with $64.2 million at the end of the fourth quarter of 2025 and $55.0 million at the end of the first quarter of 2025.Summary Financial Results
(In Thousands of US Dollars, except Per Share data)
3 Months ended March 312026(unaudited)2025 (unaudited)% Change (unaudited)Net Revenues96,65794,6092 %Gross Profit24,13023,5313 %Income Earned on Sale of Transferred Assets, net2,5162,741(8) %Net Income (Loss)(18,107)(15,133)(20) %Adjusted Net Income (Loss)¹(16,852)(14,914)(13) %Basic earnings (Loss) per common share(1.63)(1.37)(19) %Adjusted Basic earnings (Loss) per common share¹ (1.51)(1.35)(12) %Adjusted EBITDA¹11,66713,671(15) %Net cash provided by (used in) operating activities3,524(11,251)131 %1 Non-GAAP financial measures are described below and reconciled to GAAP measures in the accompanying tables.Summary of Revenues, Gross Profit and Adjusted EBITDA
(In Thousands of US Dollars)
RevenueGross ProfitAdj. EBITDA¹3 Months ended March 313 Months ended March 313 Months ended March 312026 (unaudited)2025 (unaudited)2026 (unaudited)2025 (unaudited)2026 (unaudited)2025 (unaudited)DOMAINS AND WAVELO SERVICES
Tucows Domain Services:
Wholesale
Domain Services48,80550,004
Value Added Services5,4605,903
Total Wholesale54,26555,907
Retail9,8359,348
Total Tucows Domain Services64,10065,25518,63418,32011,62711,540
Wavelo Services:11,56111,3967,0157,7523,6164,449
Total Domains and Wavelo Services75,66176,65125,64926,07215,24315,989
TING INTERNET SERVICES
Fiber Internet Services17,12816,315
Construction Services2,246-
Total Ting19,37416,3151,72033(430)(854)
CORPORATE & OTHER
Mobile Services and Eliminations1,6221,643(3,239)(2,574)(3,146)(1,464)
Total96,65794,60924,13023,53111,66713,6711 Non-GAAP financial measures are described below and reconciled to GAAP measures in the accompanying tables.2 Beginning in the third quarter of 2025, the Company revised its presentation of segment gross profit to reflect amounts net of networkexpenses. This change provides a more consistent view of segment-level profitability and aligns with how management evaluatesoperating performance. The revision did not impact gross profit, Adjusted EBITDA or revenue.Notes:1. Tucows reports all financial information required in conformity with United States generally accepted accounting principles (GAAP).Along with this information, to assist financial statement users in an assessment of our historical performance, the Company discloses non-GAAP financial measures in press releases and on investor conference calls and related events, as the Company believes that the non-GAAP information enhances investors' overall understanding of our financial performance, and should be read in addition to, rather than instead of, the financial statements prepared in accordance with GAAP.Non-GAAP financial measures do not reflect a comprehensive system of accounting and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies and/or analysts and may differ from period to period. The Company endeavors to compensate for these limitations by providing the relevant disclosure of the items excluded in the calculation of Adjusted EBITDA to net income based on U.S. GAAP; Adjusted net income to GAAP net income; and adjusted basic earnings per share to GAAP basic earnings per share, which should be considered when evaluating the Company's results. Tucows strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure.Adjusted EBITDAThe Company believes that the provision of this supplemental non-GAAP measure allows investors to evaluate the operational and financial performance of the Company's core business using similar evaluation measures to those used by management. The Company uses Adjusted EBITDA to measure its performance and prepare its budgets. Since Adjusted EBITDA is a non-GAAP financial performance measure, the Company's calculation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP. Because Adjusted EBITDA is calculated before certain recurring cash charges, including interest expense and taxes, and is not adjusted for capital expenditures or other recurring cash requirements of the business, it should not be considered as a liquidity measure.The Company's Adjusted EBITDA definition excludes depreciation, impairment and loss on disposition of property and equipment, amortization of intangible assets, income tax provision, interest expense (net), stock-based compensation, asset impairment, gains and losses from unrealized foreign currency transactions, loss on debt extinguishment and costs that are not indicative of on-going performance (profitability), including acquisition and transition costs. Gains and losses from unrealized foreign currency transactions removes the unrealized effect of the change in the mark-to-market values on outstanding unhedged foreign currency contracts, as well as the unrealized effect from the translation of monetary accounts denominated in non-U.S. dollars to U.S. dollars.The following table reconciles net income (loss) to Adjusted EBITDA (in thousands of US dollars):
3 Months ended March 312026 (unaudited)2025 (unaudited)Net income (Loss) for the period(18,107)(15,133)Less:
Provision (recovery) for income taxes2,3922,166Depreciation of property and equipment9,87110,460Impairment of property and equipment280204Loss (gain) on disposition of property and equipment 876-Amortization of intangible assets1,1031,205Interest expense, net13,86513,613Stock-based compensation1,0941,505Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities194(364)Acquisition and transition costs*9915
Adjusted EBITDA11,66713,671* Acquisition and transition costs represent transaction-related expenses and transitional expenses. Expenses include severance or transitional costs associated with department, operational or overall company restructuring efforts, including geographic alignments.Adjusted Net Income and Adjusted Basic Earnings Per Common Share (Adjusted EPS)The Company believes that the provision of this supplemental non-GAAP measure allows investors to best evaluate our operating results and understand the operating trends of our core business without the effect of acquisition and transition costs, impairment expenses and losses on extinguishment of debt. Acquisition and transition costs represent transaction-related expenses and transitional expenses. Expenses include severance or transitional costs associated with department, operational or overall company restructuring efforts, including geographic alignments. Since adjusted net income and adjusted EPS are non-GAAP financial performance measures, the Company's calculation of adjusted net income and adjusted EPS may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP.The Company's adjusted net income and adjusted EPS definitions exclude from the calculation of reported GAAP net income and GAAP EPS, the effect of the following items: impairment of property and expenses, acquisition and transition costs (including restructuring charges) and loss on debt extinguishment.The following table reconciles adjusted net income and adjusted EPS to GAAP net income (In thousands of US dollars, except Per Share data):
3 Months ended March 312026 (unaudited)2025 (unaudited)Net Income (Loss) for the period(18,107)(15,133)Less:
Acquisition and transition costs*9915Impairment of property and equipment280204Loss (gain) on disposition of property and equipment 8760Adjusted Net Income (Loss)¹ for the period(16,852)(14,914)Adjusted Basic Earnings (Loss) Per Common Share¹(1.51)(1.35)* Acquisition and transition costs represent transaction-related expenses and transitional expenses. Expenses include severance or transitional costs associated with department, operational or overall company restructuring efforts, including geographic alignments.Management CommentaryConcurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, May 7, 2026, management's pre-recorded audio commentary (and transcript), discussing the quarter and outlook for the Company will be posted to the Tucows website at http://www.tucows.com/investors/financials.Following management's prepared commentary, for the subsequent seven days, until Thursday, May 14, 2026, shareholders, analysts and prospective investors can submit questions to Tucows' management at ir@tucows.com. Management will post responses to questions in an audio recording and transcript to the Company's website at http://www.tucows.com/investors/financials, on Wednesday, May 20, 2026, at approximately 5 p.m. ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly.About TucowsTucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages over 21 million domain names and millions of value-added services through a global reseller network of over 32,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com).Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results. These statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/tucows-posts-first-quarter-2026-revenue-and-gross-profit-growth-and-positive-operating-cash-flow-302766021.htmlSOURCE Tucows Inc. Original: Tucows Posts First Quarter 2026 Revenue and Gross Profit Growth and Positive Operating Cash Flow
US Market News
4月前
Tucows Reports Strong Fiscal 2025 Results; Beats GuidanceFebruary 12, 2026 5:06 PM
PR Newswire (US)
TORONTO, Feb. 12, 2026 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025. All figures are in U.S. dollars.
"2025 was a strong execution year for Tucows with improved profitability across the company," said David Woroch, CEO of Tucows. "For the full year, revenue increased 8% versus 2024, supported by contributions from all three businesses, and gross profit rose 13%, driven by improved economics at Wavelo, continued margin expansion in Domains, and reduced network expenses at Ting. We generated $50.6 million in Adjusted EBITDA—up 45% year over year—and exceeded our 2025 guidance by $3.6 million, led by outperformance in Domains and Wavelo. We remain focused on strengthening the business through operational and capital efficiency initiatives, and with the ongoing Ting strategic process, we believe we are building a more resilient earnings profile and a stronger foundation for long-term value."Financial Results Consolidated net revenue for the fourth quarter of 2025 increased 6.0% to $98.7 million from $93.1 million for the fourth quarter of 2024, driven by revenue gains from all three Tucows businesses.Gross profit for the fourth quarter of 2025 increased 14% to $24.1 million from $21.2 million from the fourth quarter of 2024. The increase in gross profit was driven by strong year-over-year margin gains from Wavelo and Tucows Domains, as well as a decrease in network expenses at Ting.Net loss for the fourth quarter was $22.0 million ($1.98 per share), compared with a net loss of $42.5 million ($3.86 per share) in Q4 2024. Adjusted net loss¹ was $19.2 million (adjusted EPS¹ of ($1.73)) in Q4 2025 versus $15.8 million (adjusted EPS¹ of $(1.43)) in Q4 2024.Adjusted EBITDA1 for the fourth quarter of 2025 came down 14% to $11.1 million from $12.8 million for the fourth quarter of 2024. The year-over-year difference was driven primarily by obligations associated with our legacy mobile business. We ended the fourth quarter of 2025 with cash and cash equivalents, and restricted cash and restricted cash equivalents of $64.2 million. This compares with $70.8 million at the end of the third quarter of 2025 and $73.2 million at the end of the fourth quarter of 2024.Summary Financial Results
(In Thousands of US Dollars, except Per Share data)
3 Months ended December 3112 Months ended December 312025(unaudited)2024(unaudited)% Change (unaudited)2025 (unaudited)2024 (unaudited)% Change (unaudited)Net Revenues98,67093,0986 %390,300362,2758 %Gross Profit24,13221,22314 %93,95483,02913 %Income Earned on Sale of Transferred Assets, net2,7713,244(15) %11,64313,978(17) %Net Income (Loss)(22,030)(42,475)48 %(75,819)(109,860)31 %Adjusted Net Income (Loss)¹(19,201)(15,775)(22) %(66,180)(76,817)14 %Basic earnings (Loss) per common share(1.98)(3.86)49 %(6.85)(10.02)32 %Adjusted Basic earnings (Loss) per common share¹(1.73)(1.43)(21) %(5.98)(7.00)15 %Adjusted EBITDA¹11,08112,849(14) %50,59834,91745 %Net cash provided by (used in) operating activities(2,607)(4,795)46 %(5,758)(19,745)71 %1 Non-GAAP financial measures are described below and reconciled to GAAP measures in the accompanying tables.Summary of Revenues, Gross Profit and Adjusted EBITDA
(In Thousands of US Dollars)
RevenueGross ProfitAdj. EBITDA¹3 Months ended
December 313 Months ended
December 313 Months ended
December 312025
(unaudited)2024
(unaudited)2025
(unaudited)2024
(unaudited)2025
(unaudited)2024
(unaudited)DOMAINS AND WAVELO SERVICES
Tucows Domain Services:
Wholesale
Domain Services50,70550,586
Value Added Services6,2795,480
Total Wholesale56,98456,066
Retail9,4199,608
Total Tucows Domain Services66,40365,67419,18618,43212,49511,633
Wavelo Services:11,7159,8886,5556,1413,3913,679
Total Domains and Wavelo Services78,11875,56225,74124,57315,88615,312
TING INTERNET SERVICES
Fiber Internet Services18,52115,7491,600(1,160)(861)(1,468)
CORPORATE & OTHER
Mobile Services and Eliminations2,0311,787(3,209)(2,190)(3,944)(995)
Total98,67093,09824,13221,22311,08112,8491 Non-GAAP financial measures are described below and reconciled to GAAP measures in the accompanying tables.2 Beginning in the third quarter of 2025, the Company revised its presentation of segment gross profit to reflect amounts net of network expenses. This change provides a more consistent view of segment-level profitability and aligns with how management evaluates operating performance. The revision did not impact gross profit, Adjusted EBITDA or revenue. Notes: 1. Tucows reports all financial information required in conformity with United States generally accepted accounting principles (GAAP).Along with this information, to assist financial statement users in an assessment of our historical performance, the Company discloses non-GAAP financial measures in press releases and on investor conference calls and related events, as the Company believes that the non-GAAP information enhances investors' overall understanding of our financial performance, and should be read in addition to, rather than instead of, the financial statements prepared in accordance with GAAP.Non-GAAP financial measures do not reflect a comprehensive system of accounting and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies and/or analysts and may differ from period to period. The Company endeavors to compensate for these limitations by providing the relevant disclosure of the items excluded in the calculation of Adjusted EBITDA to net income based on U.S. GAAP; Adjusted net income to GAAP net income; and adjusted basic earnings per share to GAAP basic earnings per share, which should be considered when evaluating the Company's results. Tucows strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure.Adjusted EBITDAThe Company believes that the provision of this supplemental non-GAAP measure allows investors to evaluate the operational and financial performance of the Company's core business using similar evaluation measures to those used by management. The Company uses Adjusted EBITDA to measure its performance and prepare its budgets. Since Adjusted EBITDA is a non-GAAP financial performance measure, the Company's calculation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP. Because Adjusted EBITDA is calculated before certain recurring cash charges, including interest expense and taxes, and is not adjusted for capital expenditures or other recurring cash requirements of the business, it should not be considered as a liquidity measure.The Company's Adjusted EBITDA definition excludes depreciation, impairment and loss on disposition of property and equipment, amortization of intangible assets, income tax provision, interest expense (net), stock-based compensation, asset impairment, gains and losses from unrealized foreign currency transactions, loss on debt extinguishment and costs that are not indicative of on-going performance (profitability), including acquisition and transition costs. Gains and losses from unrealized foreign currency transactions removes the unrealized effect of the change in the mark-to-market values on outstanding unhedged foreign currency contracts, as well as the unrealized effect from the translation of monetary accounts denominated in non-U.S. dollars to U.S. dollars.The following table reconciles net income (loss) to Adjusted EBITDA (in thousands of US dollars):
3 Months ended December 3112 Months ended December 312025
(unaudited)2024
(unaudited)2025
(unaudited)2024
(unaudited)Net income (Loss) for the period(22,030)(42,475)(75,819)(109,860)Less:
Provision (recovery) for income taxes1,6221,9188,5097,986Depreciation of property and equipment10,17610,63741,58040,323Impairment of property and equipment918,26211,53319,167Loss (gain) on disposition of property and equipment(129)-(5,882)-Amortization of intangible assets1,2741,2084,6675,297Interest expense, net14,13913,74855,27451,275Stock-based compensation2,8611,6387,1397,021Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities210(525)(391)(168)Acquisition and transition costs*2,9498,4383,98813,876
Adjusted EBITDA11,08112,84950,59834,917* Acquisition and transition costs represent transaction-related expenses and transitional expenses. Expenses include severance or transitional costs associated with department, operational or overall company restructuring efforts, including geographic alignments.Adjusted Net Income and Adjusted Basic Earnings Per Common Share (Adjusted EPS)The Company believes that the provision of this supplemental non-GAAP measure allows investors to best evaluate our operating results and understand the operating trends of our core business without the effect of acquisition and transition costs, impairment expenses and losses on extinguishment of debt. Acquisition and transition costs represent transaction-related expenses and transitional expenses. Expenses include severance or transitional costs associated with department, operational or overall company restructuring efforts, including geographic alignments. Since adjusted net income and adjusted EPS are non-GAAP financial performance measures, the Company's calculation of adjusted net income and adjusted EPS may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP.The Company's adjusted net income and adjusted EPS definitions exclude from the calculation of reported GAAP net income and GAAP EPS, the effect of the following items: impairment of property and expenses, acquisition and transition costs (including restructuring charges) and loss on debt extinguishment.The following table reconciles adjusted net income and adjusted EPS to GAAP net income (In thousands of US dollars, except Per Share data):
3 Months ended December 3112 Months ended December 312025
(unaudited)2024
(unaudited)2025
(unaudited)2024
(unaudited)Net Income (Loss) for the period(22,030)(42,475)(75,819)(109,860)Less:
Acquisition and transition costs*2,9498,4383,98813,876Impairment of property and equipment918,26211,53319,167Loss (gain) on disposition of property and equipment(129)0(5,882)0Adjusted Net Income (Loss)¹ for the period(19,201)(15,775)(66,180)(76,817)Adjusted Basic Earnings (Loss) Per Common Share¹(1.73)(1.43)(5.98)(7.00)* Acquisition and transition costs represent transaction-related expenses and transitional expenses. Expenses include severance or transitional costs associated with department, operational or overall company restructuring efforts, including geographic alignments.Management CommentaryConcurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, February 12, 2026, management's pre-recorded audio commentary (and transcript), discussing the quarter and outlook for the Company will be posted to the Tucows website at http://www.tucows.com/investors/financials.Following management's prepared commentary, for the subsequent seven days, until Thursday, February 19, 2026, shareholders, analysts and prospective investors can submit questions to Tucows' management at ir@tucows.com. Management will post responses to questions in an audio recording and transcript to the Company's website at http://www.tucows.com/investors/financials, on Wednesday, February 25, 2026, at approximately 5 p.m. ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly.About TucowsTucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com).Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results and, including, without limitation, our expectations regarding our ability to realize synergies from the Enom acquisition and our expectation for growth of Ting Internet. These statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/tucows-reports-strong-fiscal-2025-results-beats-guidance-302686847.htmlSOURCE Tucows Inc.
Original: Tucows Reports Strong Fiscal 2025 Results; Beats Guidance