Tucows, Inc - TCX STOCK NEWS

Tucows Inc. (NASDAQ: TCX) will release its fourth quarter 2021 financial results on February 10, 2022, at 5:05 p.m. ET. A pre-recorded audio commentary on the quarter and future outlook will be available at 6:00 p.m. ET the same day on their website. Shareholders can submit questions to management until February 18, with responses posted by February 25. Tucows is dedicated to expanding internet access through its various services, including Ting, Wavelo, and OpenSRS.

Tucows has launched Wavelo, a new telecom software business aimed at enhancing the capabilities of communication service providers (CSPs). This cloud-native software simplifies mobile and internet network management, enabling CSPs to maximize their existing infrastructure and improve customer experience. Wavelo offers two primary platforms: ISOS for internet service providers and MONOS for mobile networks, along with bespoke services. The launch comes as the telecom industry seeks modern solutions to drive growth and connectivity.

Ting Internet, a division of Tucows (NASDAQ: TCX), is expanding into Colorado Springs, marking its largest market to date. As the initial anchor tenant on a city-wide fiber network owned by Colorado Springs Utilities, Ting aims to enhance local infrastructure. Construction is set to begin in Q3 2022, reaching over 200,000 addresses. Ting plans to establish a local team and connect with local enterprises, providing fiber internet access in 2023. This partnership supports Colorado Springs Utilities’ goal of advancing technological resilience within the community.

Tucows (TCX) announced the expansion of its Ting Internet service into Colorado Springs, marking its largest market to date. This venture involves being the initial anchor tenant on a new city-wide fiber network developed by Colorado Springs Utilities. Construction is set to begin in Q3 2022, aiming to reach over 200,000 addresses by 2023.

Ting is committed to enhancing local infrastructure and plans to hire a dedicated local team while establishing connections with the community, thus driving growth and technological resilience in Colorado Springs.

Tucows (NASDAQ: TCX) has published its first employee representation report, emphasizing a benchmark-free approach to inclusivity and diversity. The company aims to create a workplace where employees feel valued and empowered. Over 90% of employees participated in a 2021 survey, with 87% believing in equal opportunities for all backgrounds. Tucows utilizes specialized job boards and tools to attract diverse applicants. The organization plans to release annual updates on its inclusivity efforts to ensure accountability and continuous improvement.

Ting Internet has launched its annual Ting Gives Back holiday campaign, partnering with seven food banks across the U.S. for community support. For every new customer signing up by January 15, 2022, Ting will donate $25 to local organizations. This initiative aims to combat the digital divide while enhancing community resources. The food banks include Blue Ridge Area Food Bank and Food Bank of the Rockies, among others. This marks the second year of the campaign, which has previously raised substantial donations.

On Nov. 11, 2021, Ting Internet, a division of Tucows (NASDAQ: TCX), announced a $25,000 sponsorship for San Diego LabRats, a non-profit promoting STEAM education. This funding will support 700 scholarships for ESL and Title I students, aimed at enhancing awareness of the LabRats' STEAM Discovery Center. Additionally, Ting Internet will serve as the presenting sponsor for the LabRats' social media marketing, which includes a website redesign and an email marketing campaign. The LabRats STEAM Discovery Center offers engaging experiences in Robotics and Forensic Science for K-8 students.

Ting Internet, a division of Tucows (NASDAQ: TCX), has launched its fiber internet services in Dover, Idaho. This expansion adds Dover Bay and surrounding areas to Ting's growing network, which already includes Sandpoint and Ponderay. Ting's fiber internet offers reliable, high-speed service without bandwidth sharing issues. Pricing starts at $39 per month for 50 Mbps, reaching up to $89 for gigabit speeds. Custom plans for businesses begin at $139 per month. The service aims to enhance internet accessibility in historically underserved communities.

Tucows reported Q3 2021 financial results, with net revenue of $75.9 million, a 2.1% increase from Q3 2020. The gross profit decreased by 9.6% to $18.0 million, while net income rose 92% to $1.4 million or $0.13 per share. The company noted a significant 410.5% increase in Other Income from the sale of Ting Mobile assets. Mobile Services revenue fell 4% year-over-year, but the Fiber Internet Services segment showed growth, with subscribers increasing 67%.