2017-05-09

Q1 2017 Results LIVE Webcasts May 9: Rightside $NAME & Tucows $TCX

Q1 2017 Financial Results LIVE Webcasts May 9: Rightside $NAME 4:30pm EDT (below); and Tucows $TCX 5:00pm EDT:
 TCX
Tucows Inc. (NASDAQ:TCX) (TSX:TC) Q1 2017 financial results via news release on Tuesday, May 9, 2017 at approximately 4:05 p.m. EDT. Tucows management will host a conference call on the same day at 5:00 p.m. EDT to discuss the results and the outlook for the company.
Net income for the first quarter of 2017 decreased to $2.4 million, or $0.23 per share, from $4.4 million, or $0.42 per share, for the first quarter of 2016. Adjusted EBITDA for the first quarter of 2017 decreased to $6.2 million from $7.3 million for the first quarter of 2016. The first quarter of 2017 was impacted by the effect of the purchase price accounting adjustment related to the fair value write down of deferred revenue from the Enom acquisition which lowered adjusted EBITDA by $1.4 million and is a portion of the $4.8 million net deferred revenue change noted above. The first quarter of 2016 benefited from $0.4 million reversal of an overachievement bonus accrual for 2015 that was no longer required and a foreign exchange gain of $0.4 million that was not repeated. Cash and cash equivalents at the end of the first quarter of 2017 decreased slightly to $15.0 million compared with $15.1 million at the end of the fourth quarter of 2016 and $10.0 million at the end of the first quarter of 2016.--Tucows Q1 2017 release
The conference call LIVE webcast  is via tucows.com/investors or by dialing 1-888-231-8191 or 647-427-7450.

The conference call 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 16809774 followed by the pound key. The telephone replay will be available until Tuesday, May 16, 2017 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

Tucows is a provider of network access, domain names and other Internet services. Ting (ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (opensrs.com) and Enom (enom.com) manage a combined 29 million domain names and millions of value-added services through a global reseller network of over 40,000 web hosts and ISPs. Hover (hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (tucows.com). Tucows, Ting, OpenSRS, Enom and Hover are registered trademarks of Tucows Inc. or its subsidiaries.

Tucows Announces $40 Million Stock Buyback Program | Tucows Inc."The new $40 million buyback program will commence March 1, 2017 and will terminate on or before February 28, 2018. Purchases for the new $40 million buyback program will be made exclusively through the facilities of the NASDAQ Capital Market."

See also on Domain Mondo: Tucows $TCX Q4 2016 Earnings LIVE Webcast Feb 7 and Tucows Acquires eNom & Becomes World's 2nd Largest Domain Registrar (Jan 20, 2017).
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 NAME
Rightside Group, Ltd. (NASDAQ: NAME), a new gTLDs (new generic top-level domains) registry services provider (Rightside.co/registry/) and registrar (Name.com), will announce first quarter 2017 financial results after market close on May 9, 2017.

The Rightside $NAME Q1 2017 Results LIVE Webcast will be May 9, 4:30pm EDT
  • LIVE and archived webcast at $NAME investor relations page: http://investors.rightside.co/
  • Live conference call: (844) 413-1777 (domestic) or (716) 247-5761 (international)
  • Conference call replay available through May 14, 2017: (855) 859-2056 (domestic) or (404) 537-3406 (international) 
  • Conference ID: 13639154
Q1 2017 Results: Net income was $69.8 million inclusive of a $75.6 million gain from the sale of eNom. Registrar services revenue increased to $7.3 million compared to $7.0 million. Registry services revenue increased 20% to $3.2 million compared to $2.6 million . Aftermarket and other revenue was $4.3 million compared to $7.3 million as a result of challenges in the lower margin third party syndication business. Total revenue decreased to $14.4 million compared to $16.6 million. For the full year ending December 31, 2017, Rightside reiterates guidance of the following:
  • Total revenue of $58 to $62 million. 
  • Adjusted EBITDA of around break-even for the full year with a return to positive adjusted EBITDA in the fourth quarter.
Earnings Press Release (pdf) and Earnings Call script (pdf) and Form 10-Q

Note also:
  • Year-to-date, Rightside repurchased approximately 320,000 shares of its common stock for approximately $3.0 million. Rightside currently has approximately $47 million available and authorized under the current share repurchase program.
  • As of March 31, 2017, cash, cash equivalents and available for sale securities was $83 million, compared to $32 million as of December 31, 2016.
List of Rightside's currently available new gTLDs
Above: Rightside's currently available new gTLDs
Data on Rightside new gTLDs available from ntldstats.com.

Also note Rightside activist investor Carlo Cannell has recently been busy:
April 20, 2017 EDGAR Filing Documents for 0001058854-17-000015--EX-99 2 exhibit_99.htm EXHIBIT 99 excerpt--"Cannell Capital LLC (“Cannell”) announces today that it intends to vote “No” on the Board’s recommendations at the Annual General Meeting of Rightside Group, Ltd. (NASDAQ: NAME) shareholders to be held on June 2, 2017 at the Woodmark Hotel in Kirkland, Washington at 1:30PM PT. Cannell intends to withhold votes from all incumbent directors of NAME ... Clients advised by Cannell own more than 8.5% of shares outstanding of NAME. When the behavior of an incumbent board is egregious, self-serving and contrary to the best interests of all shareholders, Cannell feels compelled to take on the responsibilities of an activist investor ... Shareholders of Rightside who want to learn more about how a “Vote No” campaign can unlock value and benefit ALL shareholders are encouraged to explore the web sites created for the “Vote No” campaign at Envivio and TSYS. 
http://www.concernedenvivioshareholders.com/  and http://www.concernedtsysshareholders.com/...."
April 17, 2017 Preliminary Proxy Statement — Subject To Completion For 2017 Annual Meeting Of Stockholders | sec.gov:  ".... On March 30, 2017, Mr. [Carlo] Cannell called Ms. Knox to offer the Company [Rightside] one last chance to appoint directors nominated by Mr. Cannell in the 2017 Stockholder Notice to the Board before Cannell Capital would take additional action.  In response, Ms. Knox invited Mr. Cannell to speak with Mr. Naidu or Mr. Panos; Mr. Cannell indicated he did not wish to do so ..." (read more at the SEC.gov links above)(emphasis added).
See also on Domain Mondo:  Rightside $NAME Q4 2016 Results, LIVE Webcast Feb 28

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