NASDAQ$TCX

Tucows Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Tucows' financial performance showed growth in revenue, gross profit, and adjusted EBITDA, driven by strong performance in the Domains business and improved economics in the Ting Mobile business.

Tucows reported a solid start to 2020 with a 6% increase in revenue and an 11% increase in gross profit. Cash flow from operations exceeded $14 million. The Domains business benefited from a focus on high-quality reseller customers, while Ting Mobile experienced improved economics from carrier relationships. Ting Internet continued to expand its network and customer base.

  • Revenue increased by 6% year-over-year to $84.0 million.
  • Gross profit increased by 11% year-over-year.
  • Net income increased slightly to just over $2.8 million, or $0.27 per share.
  • Adjusted EBITDA increased by 34% to $12.7 million.

Headline financials

Total Revenue

$84M

Previous: $79M+6.4%
EPS (adj)

$0.26

Previous: $0.26+0.0%
Capital Expenditures

-$9.94M

Previous: -$10.4M+4.7%
Free Cash Flow

-$7.11M

Previous: -$7.64M+6.9%
Net Income

$2.83M

Previous: $2.8M+1.3%
Operating Income

$5.17M

Previous: $5.03M+2.9%
Gross Profit

$25.2M

Previous: $22.7M+11.0%
Cash & Equivalents

$12.4M

Previous: $11M+12.8%
Total Assets

$438M

Previous: $405M+8.0%
Stock-Based Comp

$801K

Previous: $525K+52.6%

Revenue & EPS history

Tucows · Revenue · Quarterly

$84M

Q1 2020+6.4%vs Q1 2019
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the release. The release mentions expectations for future financial results and growth of Ting Internet, but does not provide concrete figures or detailed outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-1.9%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+31.1%

Q3 2012

Best reaction

-20.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.0%-7.2%-14.7%
Q4 2025+5.6%-2.2%-11.2%
Q3 2025+4.6%+11.1%+8.1%
Q1 2025-2.2%+0.0%+11.7%
Q4 2024+26.6%-11.1%-16.4%
Q3 2024-8.0%-10.2%+2.7%
Q2 2024-7.1%-10.1%-14.6%
Q1 2024+4.3%+16.0%+22.5%
Q4 2023-5.7%-13.5%-15.9%
Q3 2023+23.5%+26.4%+41.9%
Q2 2023-10.7%-21.6%-9.2%
Q1 2023-12.2%-10.8%+11.0%
Q4 2022-0.7%+0.9%-32.8%
Q3 2022-20.7%-20.0%-25.5%
Q2 2022+12.6%+9.9%-5.9%
Q1 2022-11.2%-11.5%-11.5%
Q4 2021-2.1%-1.0%-18.1%
Q3 2021+5.1%+3.5%-6.9%
Q2 2021+2.1%-0.9%+1.1%
Q1 2021+5.0%+6.2%+6.0%
Q4 2020-7.4%-7.5%-10.7%
Q3 2020-5.6%-2.3%+2.3%
Q2 2020-6.7%-9.3%-11.3%
Q1 2020+6.4%+1.3%+15.3%
Q4 2019-4.5%-4.6%-21.1%
Q3 2019+5.9%+7.2%+4.3%
Q2 2019+4.3%+4.0%+17.8%
Q1 2019-19.2%-23.1%-27.1%
Q4 2018+0.5%+5.1%+12.1%
Q3 2018+16.9%+9.4%+14.9%
Q2 2018-4.1%-2.3%-1.7%
Q1 2018-4.8%-3.8%+0.1%
Q4 2017+5.0%-1.9%-0.9%
Q3 2017-3.8%-1.1%+2.1%
Q2 2017+12.4%+1.8%-2.8%
Q1 2017-5.7%-2.6%-0.8%
Q4 2016-5.6%-4.2%-4.6%
Q3 2016+5.1%+9.0%+20.2%
Q2 2016-5.2%-5.8%-3.8%
Q1 2016+6.0%
Q4 2015+4.0%
Q3 2015-2.4%
Q2 2015-4.3%
Q1 2015+7.5%
Q4 2014-0.1%
Q3 2014+2.4%
Q2 2014+2.3%
Q1 2014-3.2%
Q4 2013-2.4%
Q3 2013+8.0%
Q2 2013+9.2%
Q1 2013-9.5%
Q4 2012-12.4%
Q3 2012+31.1%
Q2 2012-4.4%
Q1 2012-8.1%
Q4 2009+5.9%
Q1 2011+5.9%
Q4 2011+5.9%
Q3 2010+1.1%
Q3 2011+1.1%
Q4 2010+0.0%
Q2 2011+0.0%
Q2 2010-3.8%
Q1 2010-4.2%

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