Tucows Inc - TCX STOCK NEWS

Tucows (NASDAQ: TCX) has announced a new $40 million stock buyback program approved by its Board of Directors. The program will run from February 14, 2025, to February 13, 2026, replacing the previously announced $40 million buyback program that began February 23, 2024. Purchases will be made exclusively through the Nasdaq Capital Market.

The company will retire and return to treasury any shares purchased under this program. With 11,030,156 common shares outstanding as of February 12, 2025, Tucows maintains discretion over the timing and volume of purchases, which will depend on cash availability and market conditions. The buyback will be funded through working capital and existing credit facilities. The company has specified it won't purchase shares from management or insiders.

Wavelo, a provider of event-driven software solutions for telecom, has secured a four-year contract renewal with EchoStar's Boost Mobile. The renewed partnership extends the relationship established in 2020 when Wavelo launched its cloud-based software platform. Boost Mobile, which offers wireless services covering 99% of the U.S., has been utilizing Wavelo's software for critical ordering, billing, and provisioning functions to enhance customer experience.

The partnership continuation supports Boost Mobile's position as the newest nationwide network in the U.S. Additional details about the contract will be disclosed in Tucows' Q4 2024 management remarks, scheduled for February 13, 2025.

Tucows (NASDAQ: TCX, TSX: TC) has announced it will release its Q4 2024 financial results on Thursday, February 13, 2025, at 5:05 p.m. ET. Along with the financial results, the company will post management's pre-recorded audio commentary and transcript on their website.

Following the release, shareholders, analysts, and prospective investors can submit questions to management at ir@tucows.com until February 20, 2025. Management will respond to all questions through an audio recording and transcript posted on the company's website on March 4, 2025, at approximately 5 p.m. ET.

Tucows (NASDAQ: TCX) reported Q3 2024 financial results with notable growth across key metrics. Revenue increased 6.1% to $92.3 million, while gross profit surged 32.4% to $22.2 million compared to Q3 2023. Adjusted EBITDA showed significant improvement, rising 94.3% to $8.7 million. Despite these gains, the company posted a net loss of $22.3 million ($2.03 per share), slightly improved from the $22.8 million loss in Q3 2023. The company implemented cost controls and workforce reductions in its Ting business, focusing on maximizing penetration of existing networks. Cash and equivalents stood at $91.1 million at quarter's end.

Tucows (NASDAQ: TCX) has implemented a capital efficiency plan involving significant workforce reductions, impacting approximately 42% of Ting's workforce and 17% of Tucows' total workforce. The restructuring aims to make Ting self-sufficient and improve overall company efficiency. The company expects significant Adjusted EBITDA growth for Tucows in 2025, with the Ting business projected to reach around EBITDA breakeven in the same year. The decision comes after exploring various financing options for Ting's expansion, with the company now focusing on increasing penetration in existing footprints and partner markets like Memphis and Colorado Springs.

Tucows (NASDAQ: TCX, TSX: TC) has scheduled its Q3 2024 financial results announcement for November 7, 2024, at 5:05 p.m. ET. Management will release pre-recorded audio commentary and transcript discussing quarterly results and company outlook simultaneously on their website. Shareholders and analysts can submit questions to ir@tucows.com until November 14, with responses to be posted on the company website on November 26, 2024, at approximately 4 p.m. ET.

Tucows Inc. (NASDAQ: TCX) (TSX: TC) announced that its subsidiary, Ting Fiber, , has closed a $63 million offering of Series 2024-1 Fixed Rate Senior Secured Notes. The proceeds will fund fiber network expansion and growth. Since May 2023, Ting has added 29,000 serviceable addresses and 9,500 customers. The Notes, priced at a 5.9% weighted average coupon, represent a 150 bps decrease compared to the 2023-1 notes. The cumulative outstanding balance of both 2023 and 2024 ABS notes is 8.1x the annualized run rate collections. The securitization includes 125,000 serviceable addresses and 45,500 customers across six states.

Tucows Inc. (NASDAQ: TCX) (TSX: TC) reported its Q2 2024 financial results, showing strong year-over-year growth in key metrics. Consolidated net revenue increased 5.2% to $89.4 million, while gross profit rose 15.4% to $20.8 million. The company's net loss decreased to $18.6 million ($1.70 per share) from $31.0 million ($2.86 per share) in Q2 2023. Adjusted EBITDA surged 70% to $9.2 million. The improved performance was driven by robust subscriber growth and gross margin increases in Ting, as well as revenue gains from Domains. Tucows continued to deleverage its business using cash flow from Wavelo and Tucows Domains. The company's cash position at the end of Q2 2024 was $52.2 million, down from $79.4 million in Q1 2024.

Tucows Inc. (NASDAQ: TCX, TSX: TC) has announced the timing for its Q2 2024 financial results release. The company will report its financial results for the quarter ended June 30, 2024, via news release on Thursday, August 8, 2024 at 5:05 p.m. ET. Simultaneously, management's pre-recorded audio commentary and transcript discussing the quarter and company outlook will be posted on the Tucows website.

Following this, shareholders, analysts, and prospective investors can submit questions to Tucows' management at ir@tucows.com until Thursday, August 15, 2024. Management will post responses to these questions on the company's website on Tuesday, August 27, 2024, at approximately 4 p.m. ET.