Tucows Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024
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Tucows Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 86.96 million compared to USD 78.91 million a year ago. Net loss was USD 23.37 million compared to USD 13.45 million a year ago. Basic loss per share from continuing operations was USD 2.14 compared to USD 1.25 a year ago.
For the full year, the company reported sales was USD 339.34 million compared to USD 321.14 million a year ago. Net loss was USD 96.2 million compared to USD 27.57 million a year ago. Basic loss per share from continuing operations was USD 8.85 compared to USD 2.56 a year ago.
Tucows Inc. is engaged in providing Internet services. The Companyâs segments include Ting, Wavelo and Tucows Domains. Ting segment provides retail high speed Internet access services to individuals and small businesses. Wavelo segment offers platform and other professional services related to communication service providers, including Mobile Network Operators and Internet Service Providers. The Tucows Domains segment includes wholesale and retail domain name registration services, value added services and portfolio services. It primarily earns revenues from the registration fees charged to resellers in connection with new, renewed and transferred domain name registrations; the sale of retail Internet domain name registration and email services to individuals and small businesses. The Company provides these services primarily through a global Internet-based distribution network of Internet service providers, Web hosting companies and other providers of Internet services to end-users.
TUCOWS INC. 
