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Tucows Inc - TCX STOCK NEWS

Welcome to our dedicated page for Tucows news (Ticker: TCX), a resource for investors and traders seeking the latest updates and insights on Tucows stock.

Tucows Inc (TCX) provides essential internet infrastructure through domain registration services, fiber-optic connectivity, and telecommunications software solutions. This news hub offers investors and industry professionals centralized access to verified updates across all company operations.

Track official announcements including quarterly earnings reports, strategic partnerships, product launches, and management updates. Our curated collection features press releases related to Ting Internet expansions, Wavelo software innovations, and Tucows Domains registry developments. Stay informed about network infrastructure investments, reseller program enhancements, and enterprise software deployments.

All content undergoes strict verification to ensure accuracy and relevance for stakeholders. Bookmark this page for real-time updates on TCX's progress in digital identity management, mobile service enablement, and cloud-based solutions for communication providers.

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Tucows Inc. will report its Q2 2023 financial results on August 3, 2023. Management's pre-recorded audio commentary and transcript will be posted on the company's website. Shareholders and investors can submit questions to management until August 10, 2023, and responses will be posted on August 22, 2023.
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Tucows Inc. (NASDAQ: TCX) has announced the timing for its first quarter 2023 financial results, set to be released on May 8, 2023 at 5:05 p.m. ET. Following this, the company will hold an Investor Day on May 9, 2023 from 11 a.m. to 3 p.m. ET. During the results announcement, management's pre-recorded audio commentary will also be made available on the company's website. In addition, shareholders and potential investors can submit questions for seven days following the results release, with responses to be posted by May 30, 2023.

Tucows operates in the internet access sector, providing various services including fiber-optic internet and domain management.

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Tucows (NASDAQ: TCX) announced a partnership with Ubiquity to expand its fiber network, bringing high-speed internet to Carlsbad, California, and Mesa, Arizona. This collaboration aims to connect up to 150,000 homes across both municipalities and enhance the company’s existing footprint in Southern California, which began in 2019. Construction is set to begin in early 2023 and continue for several years. CEO Elliot Noss emphasized the importance of efficient resource use and the vision for sustainable communities. The partnership reflects both companies’ commitment to providing accessible high-speed internet as essential infrastructure for community growth.

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Ting Internet, a division of Tucows (NASDAQ: TCX), has announced the availability of its gigabit fiber Internet in Alexandria, Virginia, catering to local residents. Through the Affordable Connectivity Program (ACP), eligible residents can access this service at no cost, benefiting around 4,000 affordable housing units. Ting has been expanding since its 2015 launch and now operates in seven states. The company aims to provide competitive broadband while enhancing digital equity. Plans start at $89/month offering speeds up to 1,000 Mbps. The expansion supports local jobs and infrastructure, with full service expected by 2025.

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Tucows Inc. (NASDAQ: TCX) announced a stock buyback program to repurchase up to $40 million of its common stock starting February 10, 2023 and ending on or before February 9, 2024. This replaces the previous $40 million buyback program initiated on February 11, 2022. Share repurchases will occur in the open market through Nasdaq, funded by working capital and credit facilities. As of February 8, 2023, Tucows had 10,824,963 common shares outstanding. All purchased shares will be retired and returned to treasury.

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Tucows Inc. (NASDAQ: TCX) reported its Q4 2022 financial results, revealing a 4.3% decline in net revenue to $79 million, down from $82.5 million in Q4 2021. Gross profit also decreased by 30.8% to $17 million, due to lower one-time professional services revenues and increased network depreciation. The company faced a net loss of $13.4 million or $1.25 per share, significantly higher than the $2 million loss in Q4 2021. Adjusted EBITDA fell by 47% to $6.7 million. Cash reserves decreased to $23.5 million, down from $30.5 million in Q3 2022.

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178.98M
8.76M
20.78%
74.61%
7.53%
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