NASDAQ$TCX
Tucows Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported financial results with a decrease in net revenue and gross profit due to decreases in the Ting Mobile business, and gross margin was impacted by a non-recurring asset impairment charge related to Ting Internet TV product strategy change.
Tucows reported a decrease in net revenue and gross profit for the second quarter of 2020. The Domains business performed well, benefiting from increased transaction activity. The Ting Mobile business faced challenges, but the transition to the new Mobile Services Enabler model is expected to improve the outlook. Ting Internet continued to make progress, achieving a record quarter for capital expenditure on the network.
- Net revenue decreased by 2.4% to $82.1 million compared to Q2 2019.
- Gross profit decreased by 6.3% to $23.0 million compared to Q2 2019.
- Net income was $0.2 million, or $0.01 per share, compared to $2.6 million, or $0.25 per share in Q2 2019, and included two non-cash, non-recurring charges for asset impairments totalling $2.3 million, or $0.22 per share.
- Adjusted EBITDA increased by 6% to $12.2 million from $11.5 million for the second quarter of 2019.
Headline financials
Revenue & EPS history
Tucows · Revenue · Quarterly
$82.1M
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 Q2 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
| Quarter | Report date | Reaction (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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