NASDAQ$TCX

Tucows Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Tucows experienced year-over-year increases in net revenue and gross profit, driven by growth in the Ting Fiber Internet customer base and the Mobile Services Enabler platform.

Tucows' Q4 2021 saw a 17% increase in net revenue and a 41% increase in gross profit, driven by Fiber Internet Services and Mobile Services Enabler platform. However, the company reported a net loss of $2.0 million, or $0.18 per share, compared to a net income of $2.1 million, or $0.19 per share, in Q4 2020 due to a higher effective tax rate. Adjusted EBITDA decreased slightly by 0.9% year-over-year as the company continued to invest in the Ting Fiber Internet opportunity.

  • Net revenue increased by 17% to $82.5 million compared to Q4 2020.
  • Gross profit increased by 41% to $24.6 million compared to Q4 2020.
  • Net loss was $2.0 million, or $0.18 per share, compared to net income of $2.1 million, or $0.19 per share, in Q4 2020.
  • Adjusted EBITDA decreased 0.9% to $12.7 million compared to Q4 2020.

Headline financials

Total Revenue

$82.5M

Previous: $70.8M+16.5%
EPS (adj)

-$0.18

Previous: $0.19-194.7%
Adjusted EBITDA

$12.7M

No prior period
Capital Expenditures

$23.1M

Previous: $11.7M+97.1%
Free Cash Flow

-$12.5M

Previous: -$10.1M-24.5%
Net Income

-$2M

Previous: $2.07M-196.7%
Operating Income

-$1.38M

Previous: -$1.1M-25.4%
Gross Profit

$24.6M

Previous: $17.4M+41.0%
Cash & Equivalents

$9.1M

Previous: $8.3M+9.6%
Total Assets

$540M

Previous: $452M+19.4%
Stock-Based Comp

$1.24M

Previous: $1.05M+17.2%

Revenue & EPS history

Tucows · Revenue · Quarterly

$82.5M

Q4 2021+16.5%vs Q4 2020
Beat estimate in 4 of 12 quarters(33%)
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 2021

Historical avgQ4 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%

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