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Dec 31, 2020
Tucows Q4 2020 Earnings Report
Tucows' financial performance decreased in Q4 2020, impacted by the sale of Ting Mobile customer relationships and the absence of a bulk domain sale.
Key Takeaways
Tucows reported a decrease in net revenue, gross profit, and net income for Q4 2020 compared to Q4 2019. The decrease is primarily due to the sale of its Ting Mobile customer relationships to DISH and the absence of a bulk domain sale. However, the Domains and Ting Internet businesses, excluding the impact of the Mobile Services business and the bulk Domains sale, saw an increase in net revenue.
Net revenue decreased by 17.6% year-over-year, primarily due to the sale of Ting Mobile customer relationships.
Gross profit decreased by 33.1% year-over-year, attributable to the same factors as the decrease in revenue.
Net income decreased by 64.2% year-over-year, with earnings per share at $0.19 compared to $0.55 in Q4 2019.
The company's MSE model is off to a good start, setting the stage for future revenue increases as DISH adds customers.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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