07 February 2017

Tucows $TCX Q4 2016 Earnings LIVE Webcast Feb 7, 5:00pm ET

 NASDAQ: TCX
Tucows $TCX is UP 163.56% since Feb 9, 2016
Tucows Inc. (NASDAQ: TCX, TSX: TC), fourth quarter fiscal 2016 financial results via news release on Tuesday, February 7, 2017 at approximately 4:05 p.m. (ET). Tucows management will host a conference call on Feb 7th at 5:00 p.m. (ET) to discuss the results and outlook for the company.

Financial results press release (excerpt):
Tucows Reports Continuing Strong Financial Results for Fourth Quarter of 2016 | Tucows Inc."Financial Results--Net revenue for the fourth quarter of 2016 increased 9% to $48.8 million from $44.7 million for the fourth quarter of 2015. Net income for the fourth quarter of 2016 decreased to $2.8 million, or $0.27 per share, from $3.1 million, or $0.29 per share, for the fourth quarter of 2015. Net income for the fourth quarter of 2016 was negatively impacted during the quarter by one-time items totaling $1.0 million related to the Enom acquisition and the Ting Mobile business. Adjusted EBITDA for the fourth quarter of 2016 increased to $7.3 million from $5.5 million for the fourth quarter of 2015. Cash and cash equivalents at the end of the fourth quarter of 2016 were $15.1 million compared with $10.5 million at the end of the third quarter of 2016 and $7.7 million at the end of the fourth quarter of 2015. The increase relative to the third quarter of 2016 was primarily the result of cash provided by operating activities of $8.9 million, which was partially offset by a further investment of $4.0 million in property and equipment, primarily for the continued build out of the Ting Internet footprint and scheduled loan repayments of $0.3 million." (emphasis added)

Tucows Financial Statement (pdf)

SeekingAlpha.com reports that the Tucows Q4 EPS of $0.26 missed estimates by $0.15, and revenue of $48.8M (+9.2% Y/Y) missed estimates by $1.6M.

Feb. 7, 2017, 5:00 pm ET LIVE Conference Call Webcast. Participants can also join the call by dialing 1-888-231-8191 or 647-427-7450. Participants can also access the conference call via internet at tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 1-855-859-2056 or 416-849-0833 and enter the pass code 58593654 followed by the pound key. The telephone replay will be available until Tuesday, February 14, 2017 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

Shares of Tucows ($TCX) are up 163.56% from a year ago (Feb 9, 2016)--see chart above--with the biggest advance having occurred since January 20, 2017, when it purchased the eNom domain name registrar business from Rightside.

About Tucows (sources: tucows.com; domainmondo.com):
  • Tucows (tucows.com) is a provider of network access, domain names and other internet services. 
  • Ting (https://ting.com) delivers mobile phone service and fixed Internet access
  • OpenSRS (http://opensrs.com) manages nearly 15 million domain names and value-added services through a global reseller network of over 13,000 web hosts and ISPs
  • Hover (http://hover.com) domain name registrar.
  • Information on Tucows purchase of eNom (enom.com) domain name registrar business below.
See also:


feedback & comments via twitter @DomainMondo


DISCLAIMER

No comments:

Domain Mondo posts: