NASDAQ$TCX

Tucows Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Tucows' financial performance decreased due to the sale of Ting Mobile customer relationships to DISH and the absence of a bulk domain sale.

Tucows reported a decrease in net revenue and gross profit for Q3 2020, primarily due to the sale of its Ting Mobile customer relationships to DISH and the absence of a bulk domain sale from the previous year. Excluding the Mobile Services business and the bulk domain sale, net revenue for the combined Domains and Ting Internet businesses increased by 2% year over year.

  • Net revenue decreased by 16% year over year to $74.3 million.
  • Gross profit decreased by 28% year over year to $19.9 million.
  • Net income decreased to $0.7 million, or $0.07 per share, compared to $4.2 million, or $0.40 per share, in Q3 2019.
  • Adjusted EBITDA decreased to $13.3 million compared to $14.8 million in Q3 2019.

Headline financials

Total Revenue

$74.3M

Previous: $88.1M-15.7%
EPS (adj)

$0.02

Previous: $0.39-94.9%
Capital Expenditures

-$10.6M

Previous: -$10.3M-3.2%
Free Cash Flow

-$9.92M

Previous: -$6.1M-62.5%
Net Income

$716K

Previous: $4.21M-83.0%
Operating Income

$1.31M

Previous: $8.6M-84.7%
Gross Profit

$19.9M

Previous: $27.6M-27.7%
Cash & Equivalents

$10.2M

Previous: $12M-15.3%
Total Assets

$445M

Previous: $419M+6.1%
Stock-Based Comp

$1.02M

Previous: $830K+22.4%

Revenue & EPS history

Tucows · Revenue · Quarterly

$74.3M

Q3 2020-15.7%vs Q3 2019
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

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 Q3 2020

Historical avgQ3 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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