2018-02-14

Tucows $TCX Q4 2017 Earnings LIVE Webcast, Feb 14, 8:00 am ET

$TCX shares are up 25% YOY
Tucows Inc. (NASDAQ: TCX) (domain: tucows.com) 
UPDATE: NASDAQ: TCX Feb 14, 4:00 PM EST US$57.55 price increase $0.30 (0.52%)
http://www.tucows.com/wp-content/uploads/2018/02/q4-2017-financial-statements.pdf
Tucows Reports Continuing Strong Financial Results for Fourth Quarter and Full Year 2018 | Tucows Inc.: "... Financial Results Net revenue for the fourth quarter of 2017 increased 86% to $90.6 million from $48.8 million for the fourth quarter of 2016. Net income for the fourth quarter of 2017 increased to $11.2 million, or $1.06 per share, from $2.8 million, or $0.27 per share, for the fourth quarter of 2016. Net income for the fourth quarter of 2017 was positively impacted by the tax related implementation impacts from the Tax Cuts and Jobs Act of 2017 for $5.8 million or $0.55 per share. Adjusted EBITDA2 for the fourth quarter of 2017 increased 108% to $15.3 million from $7.3 million for the fourth quarter of 2016. The increase in adjusted EBITDA2 was the result of the acquisition of Enom in January 2017, an outsized domain portfolio sale and growth in Ting Mobile. Cash and cash equivalents at the end of the fourth quarter of 2017 increased to $18.0 million from $12.5 million at the end of the third quarter of 2017 and $15.1 million at the end of the fourth quarter of 2016 ..."
  • Tucows' (TCX) CEO Elliot Noss on Q4 2017 Results - Earnings Call Transcript | SeekingAlpha.com"... Enom's largest customer Namecheap has migrated the bulk of their registrations off the platform. They have moved 2.65 million domains, and there are another 450,000 or so that will move when agreement is reached. While there was a dispute still ongoing between us and Namecheap as to the method of them leaving, there was never any expectation that Namecheap will be part of the ongoing business that we bought. We expected they would have left much earlier, and most importantly, all expectations we set around contributions of the Enom business assumed them to be leaving expeditiously. There were absolutely no surprises here ..."
  • Subsidiaries: Hover, OpenSRS, eNom, Ting
Participants can also access the conference call via 1-888-231-8191 or 647-427-7450 or the Internet at tucows.com/investors.
SeekingAlpha.com: Q4 EPS of $0.51 (miss by $0.11). Revenue of $90.62M (+85.7% Y/Y) (beat by $1.32M). See also: Why Tucows Inc. Shares Fell 23% in January | nasdaq.com.
 The earnings 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 7376628 followed by the pound key. The telephone replay will be available until Wednesday, February 21, 2018 at midnight. To access the archived conference call as an MP3 via the internet, go to tucows.com/investors.
Tucows Announces $40 Million Stock Buyback Program | Tucows Inc.: "February 14, 2018 – Tucows Inc. (NASDAQ:TCX, TSX:TC) today announced that its Board of Directors has approved a stock buyback program to repurchase, from time to time, up to $40 million of its common stock in the open market.    The new $40 million buyback program will commence February 14, 2018 and will terminate on or before February 13, 2019.  Purchases for the new $40 million buyback program will be made exclusively through the facilities of the NASDAQ Capital Market.  The previously announced $40 million buyback program for the period March 1, 2017 to February 28, 2018 has been terminated.   All shares purchased by Tucows under the stock buyback program will be retired and returned to treasury. The timing and exact number of common shares purchased will be at Tucows’ discretion and will depend on available cash and market conditions. Tucows may suspend or discontinue the repurchases at any time, including in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders. The purchase will be funded from available working capital and existing credit facilities. As of February 13, 2018, Tucows had 10,588,958 common shares outstanding ..."
See also on Domain Mondo: Tucows $TCX Q3 2017 Earnings, LIVE Webcast, Nov 9, 5pm ET.

Tucows Inc. is a publicly traded internet services and telecommunications company, headquartered in Toronto, Ontario, Canada. It is the second-largest domain registrar worldwide and operates Hover, eNom, and OpenSRS, a platform for domain resellers. CEO is Elliot Noss (Aug 2001–). Founder: Scott Swedorski, Founded: 1993, Flint, MI.

About Tucows (source: Tucows.com)
"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. 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)."




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