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  • Nov 7, 2024

      Show headlines and story abstract
    • 5:05PM ET on Thursday Nov 07, 2024 by CNW Group
      Companies Mentioned: TCX

      COMTEX_459577650/2669/2024-11-07T17:05:38

    • 5:05PM ET on Thursday Nov 07, 2024 by PR Newswire
      Companies Mentioned: TCX

      Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2024. All figures are in U.S. dollars.

      https://mma.prnewswire.com/media/2552025/Tucows_Inc__Tucows_Reports_Financial_Results_for_Third_Quarter_2.jpg

    • 5:05PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: TCX, TC

      The following table reconciles income before provision for income taxes to Adjusted EBITDA (dollars in thousands):
      3 Months ended September 30 9 Months ended September 30 2024 2023 2024 2023 (unaudited) (unaudited) (unaudited) (unaudited) Net income (Loss) for the period (22,297) (22,772) (67,385) (72,823) Less: Provision (recovery) for income taxes 3,074 (822) 6,068 (5,557) Depreciation of property and equipment 9,526 9,275 29,686 26,770 Impairment of property and equipment 852 2,663 905 4,679 Amortization of intangible assets 1,209 2,620 4,089 8,101 Interest expense, net 13,095 10,739 37,527 29,120 Loss on debt extinguishment - - - 14,680 Stock-based compensation 1,808 2,308 5,383 6,606 Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities (197) 340 357 254 Acquisition and transition costs* 1,618 121 5,438 1,067 Adjusted EBITDA $8,688 $4,472 $22,068 $12,897
    • 5:05PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: TCX, TC

      The following table reconciles income before provision for income taxes to Adjusted EBITDA (dollars in thousands):
      3 Months ended September 30 9 Months ended September 30 2024 2023 2024 2023 (unaudited) (unaudited) (unaudited) (unaudited) Net income (Loss) for the period (22,297) (22,772) (67,385) (72,823) Less: Provision (recovery) for income taxes 3,074 (822) 6,068 (5,557) Depreciation of property and equipment 9,526 9,275 29,686 26,770 Impairment of property and equipment 852 2,663 905 4,679 Amortization of intangible assets 1,209 2,620 4,089 8,101 Interest expense, net 13,095 10,739 37,527 29,120 Loss on debt extinguishment - - - 14,680 Stock-based compensation 1,808 2,308 5,383 6,606 Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities (197) 340 357 254 Acquisition and transition costs* 1,618 121 5,438 1,067 Adjusted EBITDA $8,688 $4,472 $22,068 $12,897
    • 5:05PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: TCX, TC

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