Canada's Tucows Q4 revenue rises 6%, net loss narrows

Reuters

02/13

Canada's <a href="https://laohu8.com/S/TCX">Tucows</a> Q4 revenue rises 6%, net loss narrows

Overview

Canadaian internet services firm's fiscal Q4 revenue rose 6% yr/yr
Gross profit for fiscal Q4 increased 14% yr/yr
Company reported net loss of $22 mln, reduced from previous year

Outlook

Company remains focused on operational and capital efficiency initiatives
Company believes ongoing Ting strategic process will build a resilient earnings profile

Result Drivers

REVENUE GROWTH - Revenue increased 6% in Q4, driven by gains across all business segments
MARGIN IMPROVEMENTS - Gross profit rose 14% due to margin gains in Wavelo and Domains, and reduced network expenses at Ting
ADJUSTED EBITDA DECLINE - Adjusted EBITDA fell 14% due to legacy mobile business obligations

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Adjusted EPS		-$1.73
Q4 Net Income		-$22 mln
Q4 Adjusted EBITDA		$11.10 mln
Q4 Gross Profit		$24.10 mln

Press Release: ID:nCNWRk1pNa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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