NASDAQ$TCX

Tucows Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Tucows' financial performance decreased in Q4 2020, impacted by the sale of Ting Mobile customer relationships and the absence of a bulk domain sale.

Tucows reported a decrease in net revenue, gross profit, and net income for Q4 2020 compared to Q4 2019. The decrease is primarily due to the sale of its Ting Mobile customer relationships to DISH and the absence of a bulk domain sale. However, the Domains and Ting Internet businesses, excluding the impact of the Mobile Services business and the bulk Domains sale, saw an increase in net revenue.

  • Net revenue decreased by 17.6% year-over-year, primarily due to the sale of Ting Mobile customer relationships.
  • Gross profit decreased by 33.1% year-over-year, attributable to the same factors as the decrease in revenue.
  • Net income decreased by 64.2% year-over-year, with earnings per share at $0.19 compared to $0.55 in Q4 2019.
  • The company's MSE model is off to a good start, setting the stage for future revenue increases as DISH adds customers.

Headline financials

Total Revenue

$70.8M

Previous: $85.9M-17.6%
EPS (adj)

$0.19

Previous: $0.54-64.8%
Capital Expenditures

$11.7M

Previous: $12.9M-9.3%
Free Cash Flow

-$10.1M

Previous: $283K-3658.7%
Net Income

$2.07M

Previous: $5.8M-64.3%
Operating Income

-$1.1M

Previous: $9.96M-111.1%
Gross Profit

$17.4M

Previous: $26M-33.1%
Cash & Equivalents

$8.3M

Previous: $20.4M-59.3%
Total Assets

$452M

Previous: $426M+6.1%
Stock-Based Comp

$1.05M

Previous: $836K+26.1%

Revenue & EPS history

Tucows · Revenue · Quarterly

$70.8M

Q4 2020-17.6%vs Q4 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 Q4 2020

Historical avgQ4 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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