NASDAQ$TCX

Tucows Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Tucows' financial performance remained solid, driven by consistent domain services, growing MSE platform contribution, and strong progress in fiber internet services.

Tucows reported a revenue increase of 2.1% to $75.9 million, driven by growth in Fiber Internet Services and Mobile Platform Services, offset by the absence of Ting Mobile MVNO revenue. Net income increased by 92.0% to $1.4 million, or $0.13 per share. The company saw growth in serviceable addresses and subscribers in its Fiber Internet Services business.

  • Net revenue increased by 2.1% to $75.9 million compared to Q3 2020.
  • Net income increased to $1.4 million, or $0.13 per share, compared to $0.7 million, or $0.07 per share, in Q3 2020.
  • Fiber Internet Services saw a 48% increase in serviceable addresses and a 67% increase in subscribers.
  • Mobile Services results reflect the growing contribution of the new MSE Platform business.

Headline financials

Total Revenue

$75.9M

Previous: $74.3M+2.1%
EPS (adj)

$0.13

Previous: $0.02+550.0%
Adjusted EBITDA

$12.2M

No prior period
Capital Expenditures

-$14.5M

Previous: -$10.6M-36.2%
Free Cash Flow

-$13.1M

Previous: -$9.92M-32.2%
Net Income

$1.38M

Previous: $716K+92.0%
Operating Income

-$3.22M

Previous: $1.31M-345.7%
Gross Profit

$18M

Previous: $19.9M-9.6%
Cash & Equivalents

$5.54M

Previous: $10.2M-45.5%
Total Assets

$493M

Previous: $445M+10.9%
Stock-Based Comp

$1.13M

Previous: $1.02M+10.8%

Revenue & EPS history

Tucows · Revenue · Quarterly

$75.9M

Q3 2021+2.1%vs Q3 2020
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Forward guidance

The release includes forward-looking statements regarding expectations for future financial results and growth of Ting Internet. These statements are based on management’s current expectations and are subject to risks and uncertainties.

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 2021

Historical avgQ3 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