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.
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.
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