Tucows reported a decrease in net revenue for Q4 2022, primarily due to reduced one-time professional services revenues and a revenue recognition impact related to the DISH agreement, which offset the growth of revenue from Ting.
Net revenue decreased by 4.3% to $79 million compared to Q4 2021.
Gross profit decreased by 30.8% to $17.0 million compared to Q4 2021.
Net loss was $13.4 million, or a loss of $1.25 per share, compared to a net loss of $2.0 million, or $0.18 per share, in Q4 2021.
Adjusted EBITDA decreased by 47% to $6.7 million compared to Q4 2021.
Management’s pre-recorded audio commentary (and transcript), discussing the quarter and outlook for the Company will be posted to the Tucows website.
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