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.
Ting Internet, a division of Tucows (NASDAQ: TCX), announced an expansion into Dover and Kootenai, Idaho, enhancing access to fiber internet in the Greater Sandpoint region. The service aims to provide residents and businesses with true gigabit speeds, moving away from older cable infrastructure. Ting's pricing starts at $39 per month for 50 Mbps, with options for businesses beginning at $139 per month. Infrastructure development is underway, with services expected to launch later this year, supported by local interest and community partnerships.
Ting Internet, a division of Tucows, is launching its fiber-optic internet service in Encinitas, CA, marking the company's first market entry for 2021. This expansion adds Encinitas to the list of California cities already served by Ting: Culver City, Fullerton, and Solana Beach. The service aims to meet the growing demand for high-speed internet, especially during the pandemic. Ting's network will cover nearly 50,000 addresses, with pricing starting at $89 per month for residential services. Pre-orders are now available.
Tucows announced a stock buyback program to repurchase up to $40 million of its common stock, commencing February 10, 2021. This new buyback program will terminate on or before February 9, 2022, and follows the termination of a previous program with the same value. The shares bought back will be retired and returned to treasury. The timing and number of shares purchased will depend on market conditions and available cash. Tucows intends to fund the buyback from working capital and existing credit facilities, with 10,615,725 shares outstanding as of February 8, 2021.
Tucows reported a net revenue of $70.8 million for Q4 2020, down 17.6% year-over-year. The decrease was primarily due to the transition from a Mobile Virtual Network Operator to a Mobile Services Enabler model, impacting mobile service revenue. Gross profit fell 33.1% to $17.4 million. The net income dropped 64.2% to $2.1 million, with earnings per share at $0.19. Despite these declines, the Domains and Ting Internet businesses showed growth, with respective revenue increases of 6% and 67%.
Ting Internet, a division of Tucows (NASDAQ: TCX), is expanding its fiber Internet service to Culver City, California. This marks the city's inclusion as the third Ting Internet location in California, following Solana Beach and Fullerton. Network construction will begin in 2021, with services expected to launch by summer. Pre-orders for the service are currently open, offering a refundable $9 pre-order fee and additional credits. Ting aims to provide reliable, gigabit-speed Internet access to enhance community connectivity.
Tucows Inc. (NASDAQ:TCX) reported its Q2 2020 results, revealing net revenue of $82.1 million, a 2.4% decline from the previous year. Gross profit also decreased by 6.3% to $23.0 million. Net income plummeted 94% to $0.2 million, with basic EPS at $0.01. Excluding asset impairments, net income would have been $2.5 million. Adjusted EBITDA rose 6% to $12.2 million. Despite pandemic challenges, Tucows noted a strong performance in its Domains business and improvements in Ting Internet. Cash from operations increased by 28.1% year-over-year.
DISH Network Corporation has partnered with Tucows to enhance its retail wireless business by utilizing Tucows' technology platform. The agreement, effective August 1, 2020, includes DISH acquiring Ting Mobile assets and customer relationships, transitioning most Ting Mobile customers to DISH while retaining their current plans. Tucows will focus on its Mobile Services Enabler solutions, aiming to streamline operations for mobile providers, with DISH being its first customer in this sector. This collaboration positions both companies to enhance customer experience and operational capabilities in a competitive U.S. mobile market.
Tucows Inc. (NASDAQ: TCX) will announce its second quarter 2020 financial results on August 6, 2020, at 5:05 p.m. ET. The company will provide a pre-recorded audio commentary and transcript discussing the quarter and future outlook, available on the Tucows website. Shareholders and investors can send questions to management until August 12, with responses posted on August 17. Tucows is a leading provider of internet services, including domain names and network access, managing approximately 24 million domain names through a global network.
Tucows reported a solid first quarter for 2020, with net revenue increasing 6% to $84.0 million from $79.0 million in Q1 2019. Gross profit rose 11% to $25.2 million, while net income saw a slight increase to $2.8 million or $0.27 per share. The company also achieved an impressive 34% growth in adjusted EBITDA, reaching $12.7 million. Cash flow from operations improved by 57% to $14.1 million. Tucows continues to strengthen its Domains and Ting Mobile services amid the ongoing challenges of COVID-19.
