TORONTO, July 24, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the second quarter ended June 30, 2025, via news release on Thursday, August 7, 2025 at 5:05 p.m. ET.Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, August 7, 2025, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows website at ...

Core Insights - Tucows Inc. (TCX) has outperformed both the industry composite stocks and the S&P 500, gaining 22.6% in the past month compared to a 0.5% decline in the industry and a 4.7% growth in the S&P 500 [1][2] Financial Performance - In Q1 2025, Tucows reported an 8% year-over-year increase in revenues to $94.6 million, with gross profit rising 29% to $23.5 million and adjusted EBITDA increasing 225% to $13.7 million [3] - Despite a net loss of $15.1 million, this represents a significant improvement over the previous year, with all core units contributing to the gains [3] Strategic Initiatives - Tucows has implemented targeted cost reductions and restructured its Ting fiber operations to focus on partnerships, enhancing operational efficiency and profitability [4][6] - The pivot of Ting towards partnerships has improved capital efficiency, allowing the company to preserve capital and enhance unit economics [6] Business Segment Performance - Wavelo is emerging as a high-margin growth engine, gaining traction with large telecom providers globally and focusing on AI-driven efficiencies [7] - Tucows Domains continues to deliver consistent value despite market saturation, with margin growth and steady transaction volume [8] Market Positioning - Tucows benefits from stable, recurring revenue streams, resulting in lower volatility compared to its industry, with a beta of 0.83 [9] - The company is well-positioned to capitalize on favorable industry trends, with the fiber internet and telecom software markets projected to grow 12-15% annually through 2030 [10] Overall Outlook - The stock momentum of Tucows is attributed to foundational progress rather than hype, with a focus on strengthening the balance sheet and aligning growth strategies with macro trends [11]

TORONTO, June 2, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced the appointment of Laurenz Nienaber as Chair of the Board of Directors and Jeffrey Tory as Independent Vice Chair, following the election of a new and returning slate of directors at the company's Annual General Meeting on May 20, 2025. In its first meetings, held in the days following the AGM, the newly constituted Board established its committee leadership and governance structure, reaffirming its commitment to proact ...

Core Insights - Tucows Inc. elected eight director nominees to its Board of Directors, enhancing its strategic leadership for future growth and innovation [1][2][3] Board Composition - The newly elected Board members possess diverse expertise in finance, technology, data analytics, and entrepreneurship, which is expected to guide Tucows' long-term strategy [2][3] - Key members include: - Marlene Carl, CFO of CHAPTERS Group AG, with experience in investment management and digital infrastructure [2] - Lee Matheson, Partner at EdgePoint Investment Group, with a background in technology and financial services [2] - Elliot Noss, President and CEO of Tucows, bringing extensive experience in internet infrastructure [2] - Dr. Sandra Matz, a leader in data-driven behavioral science from Columbia Business School [2] - Laurenz Malte Nienaber, Founder of LMN Capital GmbH, known for investment strategy and governance [2] - Allen Taylor, President of GTD Partners, with expertise in private equity and financial restructuring [2] - Jeffrey Tory, Chair at Pembroke Management, with nearly four decades in North American growth equities [2] - Stephan Uhrenbacher, a serial entrepreneur with a focus on technology and sustainability [2] Voting Results - The election results for the new directors showed strong support, with percentages of votes for each nominee ranging from 86.18% to 94.47% [3] - The ratification of Deloitte LLP as independent auditors for the year ending December 31, 2025, was also part of the voting agenda [3] Company Overview - Tucows connects people through internet access services, including fiber-optic internet and domain services [4] - The company operates Ting for fixed fiber internet and Wavelo for telecommunications software, managing approximately 24 million domain names [4]

Core Viewpoint - Tucows Inc. reported solid financial performance in Q1 2025, with revenue growth and a significant reduction in net loss, indicating a positive trajectory for the company despite some challenges in specific segments [2][6]. Earnings & Revenue Performance - Q1 2025 revenues reached $94.6 million, an 8.2% increase from $87.5 million in Q1 2024 - Gross profit rose 28.5% year over year to $23.5 million from $18.3 million - Net loss narrowed to $15.1 million ($1.37 per share) from a loss of $26.5 million ($2.42 per share) in the previous year - Adjusted net loss improved to $14.9 million ($1.35 per share) from $23.4 million ($2.14 per share) a year ago - Adjusted EBITDA surged 225% to $13.7 million compared to $4.2 million in the prior-year quarter [2]. Other Key Business Metrics - Ting Internet revenues increased 16% year over year to $16.3 million, driven by a 12% rise in subscribers and growth in average revenue per user (ARPU) - Gross profit for Ting reached $10.5 million, up from $8.7 million a year ago, with adjusted EBITDA loss narrowing to $0.9 million from $9.5 million [3]. - Wavelo recorded revenues of $11.4 million, a 21% year-over-year increase, with gross profit up 25% to $11.3 million and adjusted EBITDA growing 60% to $4.4 million [4]. - Tucows Domains generated revenues of $65.3 million, a 6% increase from Q1 2024, with gross profit improving 9% to $20.2 million and adjusted EBITDA rising 15% to $11.5 million [5]. Management Commentary - CEO Elliot Noss highlighted four consecutive years of revenue growth and ongoing cost optimization efforts, including a $2.5 million payment toward syndicated debt [6]. - The management emphasized the impact of macroeconomic conditions, particularly AI, on business decisions [6]. - CEO of Tucows Domains, Dave Woroch, noted resilience in the domain business and growth opportunities, including partnerships in India [7]. - Wavelo CEO Justin Reilly described the quarter as the best to date for the business unit, attributing gains to improved customer alignment and the role of AI in enhancing productivity [8]. Factors Influencing Headline Numbers - Revenue and profit growth were driven by increased subscriber counts and higher ARPU in the Ting segment, stronger contributions from high-margin services in Domains, and an uptick in Wavelo's contracted platform deals [9]. - Operating efficiencies from the 2024 Ting restructuring initiative contributed to EBITDA expansion across the board [9]. Cost Management - Cost discipline was evident, with sales and marketing expenses falling 41% year over year and general and administrative expenses decreasing 6%, helping to offset higher network depreciation and financing expenses [10]. Future Outlook - Management suggested expectations for adjusted EBITDA growth to moderate to single-digit levels in subsequent quarters, focusing on expanding margins and maintaining strict cost controls [11]. Other Developments - The company confirmed the wind-down of the Ting Build Scorecard, indicating a strategic pivot toward operational efficiency [12]. - Ongoing progress with NIXI in India was highlighted, signaling forward movement in expanding its registry footprint [12].

Core Insights - Tucows Inc. reported strong financial results for Q1 2025, with an 8% increase in consolidated revenue, a 29% increase in gross profit, and a more than threefold improvement in Adjusted EBITDA compared to Q1 2024 [2][3][5] Financial Performance - Consolidated net revenue for Q1 2025 increased by 8.2% to $94.6 million from $87.5 million in Q1 2024, driven by revenue gains across all business segments [3][7] - Gross profit for Q1 2025 rose by 28.5% to $23.5 million from $18.3 million in Q1 2024, reflecting strong performance from all three Tucows businesses [3][7] - The net loss for Q1 2025 narrowed significantly to $15.1 million, or a loss of $1.37 per share, compared to a net loss of $26.5 million, or a loss of $2.42 per share, in Q1 2024 [4][7] - Adjusted net income (loss) for Q1 2025 was ($14.9 million) with an Adjusted EPS of ($1.35), compared to an Adjusted net income (loss) of ($23.4 million) and Adjusted EPS of ($2.14) in Q1 2024 [4][7][17] - Adjusted EBITDA for Q1 2025 climbed 225% to $13.7 million from $4.2 million in Q1 2024, driven by revenue growth, margin gains, and cost-reduction efforts [5][7] Cash and Debt Management - At the end of Q1 2025, the company had cash and cash equivalents of $55.0 million, down from $73.2 million at the end of Q4 2024 and $79.4 million at the end of Q1 2024, while continuing to reduce debt [6][7] Business Segments Performance - Revenue from Ting Internet Services increased to $16.3 million in Q1 2025 from $14.1 million in Q1 2024, with gross profit rising to $10.5 million from $8.7 million [8] - Wavelo Platform Services generated revenue of $11.4 million in Q1 2025, up from $9.4 million in Q1 2024, with gross profit increasing to $11.3 million from $9.0 million [8] - Tucows Domain Services reported revenue of $65.3 million in Q1 2025, compared to $61.9 million in Q1 2024, with gross profit rising to $20.2 million from $18.5 million [8]

PART I FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) This section presents Tucows Inc.'s unaudited condensed consolidated financial statements for Q1 2025, highlighting a net loss of $15.1 million on $94.6 million revenue Condensed Consolidated Balance Sheet Highlights (in thousands of U.S. dollars) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $38,076 | $56,903 | | Total current assets | $194,498 | $205,382 | | Total assets | $741,907 | $758,796 | | Total current liabilities | $192,974 | $199,851 | | Total liabilities | $850,166 (Calculated) | $854,096 (Calculated) | | Total stockholders' deficit | $(108,259) | $(95,300) | Condensed Consolidated Statements of Operations Highlights (in thousands of U.S. dollars, except per share amounts) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net revenues | $94,609 | $87,457 | | Gross profit | $23,531 | $18,316 | | Loss from operations | $(2,033) | $(16,519) | | Net loss for the period | $(15,133) | $(26,484) | | Basic and diluted loss per common share | $(1.37) | $(2.42) | Condensed Consolidated Statements of Cash Flows Highlights (in thousands of U.S. dollars) | Cash Flow Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(11,251) | $(5,678) | | Net cash used in investing activities | $(4,471) | $(14,416) | | Net cash used in financing activities | $(2,500) | $(5,500) | | Decrease in cash and cash equivalents | $(18,222) | $(25,594) | - The company updated the presentation format of its financial statements to condense certain line items for improved clarity, with these changes not impacting total assets, liabilities, stockholders' deficit, net income, or total cash flows from operating, investing, or financing activities[19](index=19&type=chunk)[25](index=25&type=chunk) [Notes to Condensed Consolidated Financial Statements (unaudited)](index=6&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(unaudited)) This section details Tucows' segment structure, accounting policies, and financial items, highlighting segment revenues, key customer concentration, and significant debt obligations - The company is organized into three businesses: Ting (retail high-speed internet), Wavelo (platform services for Communication Service Providers), and Tucows Domains Services (domain name registration and related services)[16](index=16&type=chunk) Revenue by Segment (Q1 2025 vs Q1 2024, in thousands of U.S. dollars) | Segment | Q1 2025 Revenue | Q1 2024 Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Ting | $16,315 | $14,102 | +15.7% | | Wavelo | $11,396 | $9,390 | +21.4% | | Tucows Domains | $65,255 | $61,882 | +5.5% | | Corporate and all other | $1,643 | $2,083 | -21.1% | | **Total** | **$94,609** | **$87,457** | **+8.2%** | - A single customer in the Wavelo segment (EchoStar) accounted for **12% ($10.9 million)** of total revenue for Q1 2025 and represented **55%** of total accounts receivable as of March 31, 2025[83](index=83&type=chunk)[84](index=84&type=chunk) Segment Adjusted EBITDA (Q1 2025 vs Q1 2024, in thousands of U.S. dollars) | Segment | Q1 2025 Adj. EBITDA | Q1 2024 Adj. EBITDA | | :--- | :--- | :--- | | Ting | $(854) | $(9,537) | | Wavelo | $4,449 | $2,787 | | Tucows Domains | $11,540 | $10,011 | | **Consolidated Totals** | **$15,135** | **$3,261** | - As of March 31, 2025, the company had **$192.1 million** outstanding on its syndicated revolver and **$288.6 million** in notes payable related to its Ting securitized financing[45](index=45&type=chunk)[54](index=54&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=41&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results, highlighting an 8% revenue increase and 226% Adjusted EBITDA growth, while noting Ting's liquidity challenges and MNO purchase commitments [Overview](index=43&type=section&id=MD%26A%20-%20Overview) This overview outlines the company's mission and three operating segments, noting Ting's ongoing restructuring and workforce reductions aimed at expense reduction - The company is organized into three operating segments: Ting, Wavelo, and Tucows Domains[167](index=167&type=chunk) - Ting implemented significant workforce reductions in February 2024 (**13%** of Ting workforce) and a Capital Efficiency Plan in October 2024 (**42%** of Ting workforce) to reduce operating expenses and align with strategic priorities[172](index=172&type=chunk)[173](index=173&type=chunk) - As of March 31, 2025, Ting Internet had **52,000** active subscribers, up from **46,000** a year prior[171](index=171&type=chunk) - Tucows Domains managed **24.3 million** domain names as of March 31, 2025, a slight decrease from **24.7 million** a year prior[180](index=180&type=chunk)[186](index=186&type=chunk) [Results of Operations](index=49&type=section&id=MD%26A%20-%20Results%20of%20Operations) Q1 2025 saw total net revenues increase by **8%** to **$94.6 million**, with gross profit improving and Adjusted EBITDA surging **226%** to **$13.7 million** due to cost-cutting and revenue growth Net Revenue Growth (Q1 2025 vs Q1 2024) | Segment | Q1 2025 Revenue (M) | Q1 2024 Revenue (M) | YoY Growth | | :--- | :--- | :--- | :--- | | Ting | $16.3 | $14.1 | +16% | | Wavelo | $11.4 | $9.4 | +22% | | Tucows Domains | $65.3 | $61.9 | +5.5% | | **Total** | **$94.6** | **$87.5** | **+8%** | - Sales and marketing expenses decreased by **$7.6 million (41%)** YoY, primarily due to reduced personnel costs and marketing spend at Ting following the 2024 Capital Efficiency Plan[250](index=250&type=chunk) - Cost of revenues for Mobile Services increased by **$1.4 million (52%)** YoY, largely due to accruing **$1.3 million** in penalties related to an MNO minimum commitment shortfall, compared to **$0.2 million** in penalties in Q1 2024[246](index=246&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA (in thousands of U.S. dollars) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Loss for the period | $(15,133) | $(26,484) | | Add back: Taxes, D&A, Interest, etc. | $29,804 | $28,735 | | **Adjusted EBITDA** | **$13,671** | **$4,202** | [Liquidity and Capital Resources](index=65&type=section&id=MD%26A%20-%20Liquidity%20and%20Capital%20Resources) As of March 31, 2025, the company held **$55.0 million** in cash, with the Ting segment facing significant liquidity challenges and potentially requiring additional financing to meet obligations - As of March 31, 2025, cash and cash equivalents decreased by **$18.2 million** from year-end 2024, driven by cash used in operations (**$11.3 million**), capex (**$5.4 million**), and debt repayment (**$2.5 million**)[266](index=266&type=chunk) - The Ting segment incurred a net loss of **$20.2 million** and an operating cash flow deficit of **$17.0 million** in Q1 2025, with scheduled interest payments of **$38.7 million** in the next twelve months[284](index=284&type=chunk) - Management warns that Ting may not be able to meet its financial obligations over the next twelve months without additional financing and could be required to seek bankruptcy protection or other alternatives if capital cannot be raised[285](index=285&type=chunk) - Tucows businesses excluding Ting had an outstanding balance of **$192.9 million** on their 2023 Credit Facility and plan to fund cash requirements through operating income[286](index=286&type=chunk)[287](index=287&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=69&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency fluctuations, variable interest rates on its **$192.9 million** credit facility, and concentrated credit risk with major financial institutions and a key Wavelo customer - A hypothetical **10%** adverse movement in the USD/CAD exchange rate would decrease net income by approximately **$1.4 million** for Q1 2025, before hedging[294](index=294&type=chunk) - As of March 31, 2025, the company held **$11.2 million** in foreign exchange forward contracts to mitigate Canadian dollar exposure[292](index=292&type=chunk) - A **one percent** adverse change in interest rates would increase annual interest payments on the **$192.9 million** 2023 Credit Facility by approximately **$1.9 million**[297](index=297&type=chunk) [Item 4. Controls and Procedures](index=71&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during Q1 2025 - Management concluded that disclosure controls and procedures were effective at a reasonable assurance level as of March 31, 2025[298](index=298&type=chunk) - There were no changes in internal control over financial reporting during Q1 2025 that materially affected, or are reasonably likely to materially affect, internal controls[299](index=299&type=chunk) PART II OTHER INFORMATION [Item 1. Legal Proceedings](index=72&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings arising from normal business operations, none of which are expected to be materially harmful - The company is involved in various legal proceedings from the normal course of business, none of which are expected to be materially harmful[302](index=302&type=chunk) [Item 1A. Risk Factors](index=72&type=section&id=Item%201A.%20Risk%20Factors) This section updates key risk factors, including Ting's liquidity challenges, risks from workforce reductions, and potential penalties from an MNO minimum purchase commitment - The bankruptcy-remote subsidiary Ting incurred a **$20.2 million** net loss in Q1 2025 and may require additional financing to meet its future financial obligations, facing a risk of bankruptcy if funding is not secured[305](index=305&type=chunk)[306](index=306&type=chunk) - The 2024 workforce reductions in the Ting segment pose ongoing risks, including operational disruptions, knowledge gaps, declining employee morale, and potential harm to the company's brand and growth prospects[308](index=308&type=chunk)[309](index=309&type=chunk) - The company has a remaining minimum purchase commitment of **$13.9 million** with its MNO supplier through February 2026, with failure to grow its legacy Ting Mobile subscriber base potentially leading to significant penalties and increased net loss[310](index=310&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=74&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The Board approved a **$40 million** stock buyback program on February 13, 2025, though no shares were repurchased during Q1 2025 - A stock buyback program for up to **$40 million** was approved on February 13, 2025[311](index=311&type=chunk) - The company did not repurchase any shares during the three months ended March 31, 2025[311](index=311&type=chunk) [Item 3. Defaults Upon Senior Securities](index=74&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None[312](index=312&type=chunk) [Item 4. Mine Safety Disclosures](index=74&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - Not applicable[313](index=313&type=chunk) [Item 5. Other Information](index=74&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted, modified, or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements in Q1 2025 - No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement in Q1 2025[314](index=314&type=chunk) [Item 6. Exhibits](index=74&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, material contracts, and certifications - A list of all exhibits filed with the report is provided, including certifications by the CEO and CFO[315](index=315&type=chunk) Signatures [Signatures](index=75&type=section&id=Signatures) The report was duly signed and authorized on May 8, 2025, by the President and CEO, and the Chief Financial Officer - The report was signed on May 8, 2025, by CEO Elliot Noss and CFO Ivan Ivanov[318](index=318&type=chunk)

Financial Results Announcement - Tucows Inc. will report its financial results for the first quarter ended March 31, 2025, on May 8, 2025, at 5:05 p.m. ET [1] - A pre-recorded audio commentary and transcript discussing the quarter and outlook will be available on the Tucows website concurrently with the financial results release [2] Shareholder Engagement - Following the management's commentary, shareholders, analysts, and prospective investors can submit questions until May 15, 2025 [3] - Responses to submitted questions will be posted in an audio recording and transcript on the company's website on May 27, 2025, at approximately 5 p.m. ET [3] Company Overview - Tucows connects people to internet access through various services including communications technology, domain services, and fiber-optic internet infrastructure [4] - The company operates Ting, which provides fixed fiber Internet access, and Wavelo, a telecommunications software suite for service providers [4] - Tucows Domains manages approximately 25 million domain names and offers services through a global reseller network of over 35,000 web hosts and ISPs [4]

Core Viewpoint - Tucows Inc. has announced the nomination of five new individuals for its Board of Directors, reflecting a strategic refresh aimed at supporting the company's growth and innovation [1][2][3]. Group 1: New Board Members - The newly-nominated directors include Dr. Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory, and Stephan Uhrenbacher, each bringing diverse expertise in finance, technology, marketing, and entrepreneurship [2][3]. - Dr. Sandra Matz is a leading voice in data-driven behavioral science, specializing in consumer behavior and business outcomes [3]. - Laurenz Malte Nienaber has extensive experience in investment strategy and governance, contributing analytical rigor to board leadership [4]. - Allen Taylor has a strong background in private equity operations and financial turnarounds, enhancing the board's financial insights [5]. - Jeffrey Tory has nearly four decades of experience in investing in North American growth stocks, aligning his expertise with Tucows' long-term vision [6]. - Stephan Uhrenbacher is a serial entrepreneur with a focus on tech and sustainability, bringing leadership experience from various startups [7]. Group 2: Board Transition - The nominations indicate Tucows' commitment to refreshing its Board with diverse perspectives to support innovation across its businesses, including Ting Internet, Tucows Domains, and Wavelo [8]. - The company expresses gratitude to outgoing directors Robin Chase, Erez Gissin, Allen Karp, Jeffrey Schwartz, and Gigi Sohn for their significant contributions to Tucows' leadership and growth [9][10].

Core Viewpoint - Tucows Inc. reported an amendment to its unaudited financial results for Q4 and FY 2024, highlighting a reduction in non-cash impairment charges and significant net losses compared to the previous year [1][2][3]. Financial Results Summary - The net loss for Q4 2024 was $42.5 million, or a loss of $3.86 per share, compared to a net loss of $23.4 million, or a loss of $2.14 per share in Q4 2023, marking an 82% increase in loss [3][4]. - For the full year 2024, the net loss was $109.9 million, compared to a loss of $96.2 million in 2023, reflecting a 14% increase [4]. - Adjusted net income (loss) for Q4 2024 was ($15.8 million) and adjusted EPS was ($1.43), an improvement from ($22.4 million) and ($2.05) in Q4 2023, indicating a 30% reduction in adjusted net loss [3][4][16]. Revenue and Profit Analysis - Net revenues for Q4 2024 were $93.1 million, a 7% increase from $87.0 million in Q4 2023 [4][5]. - Gross profit for Q4 2024 was $21.2 million, up 19% from $17.8 million in Q4 2023 [4][5]. - Adjusted EBITDA for Q4 2024 was $12.8 million, compared to $2.6 million in Q4 2023, showing a significant improvement in operational performance [5][13]. Segment Performance - Ting Internet Services generated $15.7 million in revenue for Q4 2024, up from $13.8 million in Q4 2023 [5][6]. - Wavelo Platform Services reported revenues of $9.9 million, slightly up from $9.5 million in the same period last year [5][6]. - Tucows Domain Services saw total revenues of $65.7 million in Q4 2024, compared to $61.8 million in Q4 2023, reflecting growth in both wholesale and retail segments [5][6]. Management Commentary and Future Outlook - Management's pre-recorded audio commentary discussing the quarter and future outlook will be available on the Tucows website [17]. - Shareholders and analysts can submit questions to management, with responses to be posted on the company's website [18]. Company Overview - Tucows Inc. is a leader in internet services, providing domain services, fiber-optic internet infrastructure, and telecommunications software [19]. - The company manages approximately 25 million domain names and offers various value-added services through a global reseller network [19].