Tucows (TCX) Q2 Earnings & Revenues Rise Y/Y on Solid Segments
Tucows(TCX) ZACKS·2024-08-13 01:11
Tucows Inc. (TCX) reported a narrower net loss in the second quarter of 2024, driven by solid revenue growth across its key segments and improved cost management, particularly within its Ting Internet Services division. Despite ongoing challenges related to increased network-related expenses, TCX saw notable improvements in gross profit and adjusted EBITDA, reflecting the company's strategic focus on operational efficiencies and scaling its infrastructure. The continued execution of a deleveraging strategy, ...