NASDAQ$TCX

Tucows Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Tucows weathered macroeconomic uncertainty and capital constraints.

Tucows reported a decrease in net revenue for Q4 2022, primarily due to reduced one-time professional services revenues and a revenue recognition impact related to the DISH agreement, which offset the growth of revenue from Ting.

  • Net revenue decreased by 4.3% to $79 million compared to Q4 2021.
  • Gross profit decreased by 30.8% to $17.0 million compared to Q4 2021.
  • Net loss was $13.4 million, or a loss of $1.25 per share, compared to a net loss of $2.0 million, or $0.18 per share, in Q4 2021.
  • Adjusted EBITDA decreased by 47% to $6.7 million compared to Q4 2021.

Headline financials

Total Revenue

$78.9M

Previous: $82.5M-4.3%
EPS (adj)

-$1.25

Previous: -$0.18-594.4%
Capital Expenditures

$36.7M

Previous: $23.1M+59.0%
Free Cash Flow

-$33.8M

Previous: -$12.5M-169.5%
Net Income

-$13.4M

Previous: -$2M-570.0%
Operating Income

-$13.4M

Previous: -$1.38M-868.2%
Gross Profit

$17M

Previous: $24.6M-30.8%
Cash & Equivalents

$23.5M

Previous: $9.1M+158.2%
Total Assets

$665M

Previous: $540M+23.2%
Stock-Based Comp

$3.2M

Previous: $1.24M+159.4%

Revenue & EPS history

Tucows · Revenue · Quarterly

$78.9M

Q4 2022-4.3%vs Q4 2021
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Forward guidance

Management’s pre-recorded audio commentary (and transcript), discussing the quarter and outlook for the Company will be posted to the Tucows website.

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 2022

Historical avgQ4 2022

+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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