NASDAQ$TCX

Tucows Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a solid financial performance with increased revenue and gross margin from Domain Services and Fiber Internet Services businesses.

Tucows reported a decrease in net revenue and gross profit due to the sale of its Ting Mobile customer relationships to DISH. Excluding the Mobile Services business, net revenue for the combined Domains Services and Ting Internet businesses increased by 5%. Net income increased significantly, and Adjusted EBITDA decreased slightly due to continued investment in Ting Fiber.

  • Domain Services and Fiber Internet Services businesses experienced revenue and gross margin increases of 5% and 4%, respectively.
  • Domain Services benefited from growth in domains under management and focus on maximizing gross margin.
  • Mobile Services business is progressing as expected.
  • Ting Internet achieved record performance in key build metrics, with subscriber base growth gaining momentum.

Headline financials

Total Revenue

$75.1M

Previous: $82.1M-8.6%
EPS (adj)

$0.17

Previous: $0.23-26.1%
Capital Expenditures

-$21.7M

Previous: -$12.2M-78.3%
Free Cash Flow

-$19.9M

Previous: -$12M-65.5%
Net Income

$1.81M

Previous: $157K+1051.0%
Operating Income

-$2.03M

Previous: $1.54M-232.3%
Gross Profit

$18.2M

Previous: $23M-20.6%
Cash & Equivalents

$7.26M

Previous: $8.86M-18.1%
Total Assets

$484M

Previous: $442M+9.3%
Stock-Based Comp

$1.21M

Previous: $847K+42.7%

Revenue & EPS history

Tucows · Revenue · Quarterly

$75.1M

Q2 2021-8.6%vs Q2 2020
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

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 2021

Historical avgQ2 2021

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro