2017-11-09

Tucows $TCX Q3 2017 Earnings, LIVE Webcast, Nov 9, 5pm ET

$TCX shares up over 100% YOY as of Nov 8, 2017
Tucows Inc. (NASDAQ: TCX, TSX: TC) reported its third quarter fiscal 2017 financial results via news release on Thursday, November 9, 2017: Q3 Release (excerpt below). See also: Q3 2017 Financial Statement (PDF).

Note: $TCX shares have initially declined in after-hours trading as EPS and revenue missed estimates.

Conference call LIVE webcast Nov 9, 2017, at 5:00 p.m. ET to discuss the results and the outlook for the company, via http://www.tucows.com/investors, and also accessible by dialing 1-888-231-8191 or 647-427-7450.

Replay of the call available (approximately one hour after completion of the call) via the link above or by telephone (1-855-859-2056 or 416-849-0833 and enter the pass code 3676019 followed by the pound key). The telephone replay will be available until November 16, 2017 at midnight. To access the archived conference call MP3: http://www.tucows.com/investors/financials/.

Financial Results Release excerpt:
"Net revenue for the third quarter of 2017 increased 73% to $85.0 million from $49.1 million for the third quarter of 2016. Net income for the third quarter of 2017 decreased 27% to $3.4 million, or $0.33 per share, from $4.7 million, or $0.45 per share, for the third quarter of 2016. Adjusted EBITDA1 for the third quarter of 2017 increased 9% to $9.4 million from $8.6 million for the third quarter of 2016. The increase in adjusted EBITDA1 was largely the result of the acquisition of Enom in January 2017 and, to a lesser extent, continued growth in the Company’s incumbent Domains business. Year-over-year growth in adjusted EBITDA1 was negatively impacted by two factors that benefitted the third quarter of 2016. Ting Mobile received a cost decrease from its network suppliers in advance of permanently passing the decrease on to customers. In addition, the Company recorded a reversal of an overachievement bonus accrual of in the third quarter of 2016 that was not repeated in the third quarter of 2017. These one-time occurrences inflated third quarter 2016 adjusted EBITDA1 by more than $0.9 million. Cash and cash equivalents at the end of the third quarter of 2017 were $12.5 million compared with $15.1 million at the end of the second quarter of 2017 and $10.5 million at the end of the third quarter of 2016."

About Tucows (source: Tucows Inc.): Tucows, Inc. 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. Registrars 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. Registrar Hover (hover.com) also provides domain name registration services for individuals and small businesses. More information on the Tucows’ corporate website (tucows.com). Tucows, Ting, OpenSRS, Enom and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
Twitter: @tucows


feedback & comments via twitter @DomainMondo


DISCLAIMER

No comments:

Domain Mondo posts: