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Mar 31, 2020
Tucows Q1 2020 Earnings Report
Tucows' financial performance showed growth in revenue, gross profit, and adjusted EBITDA, driven by strong performance in the Domains business and improved economics in the Ting Mobile business.
Key Takeaways
Tucows reported a solid start to 2020 with a 6% increase in revenue and an 11% increase in gross profit. Cash flow from operations exceeded $14 million. The Domains business benefited from a focus on high-quality reseller customers, while Ting Mobile experienced improved economics from carrier relationships. Ting Internet continued to expand its network and customer base.
Revenue increased by 6% year-over-year to $84.0 million.
Gross profit increased by 11% year-over-year.
Net income increased slightly to just over $2.8 million, or $0.27 per share.
Adjusted EBITDA increased by 34% to $12.7 million.
Forward Guidance
No specific forward guidance was provided in the release. The release mentions expectations for future financial results and growth of Ting Internet, but does not provide concrete figures or detailed outlook.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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