Businessweek

Tucows Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $29,985,022 against $27,537,306 a year ago. Income from operations was $295,773 against $2,044,394 a year ago. Income before provision for income taxes was $196,411 against $2,512,225 a year ago. Net income was $767,000 or $0.01 diluted per share against $1,663,619 or $0.04 diluted per share a year ago. Net cash provided by operating activities was $416,452 against $2,080,634 a year ago. Additions to property and equipment were $446,705 against $330,273 a year ago. The decrease in net income was primarily the result of the incremental investment of approximately $1.0 million made in the first quarter of 2013 for the acquisition and support of Ting customers, as well as the negative impact of a loss on foreign exchange contracts of $0.2 million in the first quarter of 2013 compared with a gain on foreign exchange contracts of $0.6 million in the first quarter of 2012. In addition, net income for the first quarter of 2012 benefitted from other income of $0.5 million resulting from the sale of certain intangible assets with no book value which was not repeated in the first quarter of 2013. The decrease in cash flow from operations is primarily attributable to changes in working capital, due mainly to the timing of payments in the normal course of business. The decrease in net income was primarily the result of 3 factors. First, the incremental investment of approximately $1 million made in the first quarter of 2013 for the acquisition and support of Ting customers. The company generated cash from operations of $416,000 in the first quarter of this year compared to $2.1 million in the first quarter of last year. This decrease in cash flow from operations was mainly due to the timing of payments in the normal course of business.

Tucows Inc., Q1 2013 Earnings Call, May 15, 2013

Tucows Inc. announced that they will report Q1, 2013 results at 4:00 PM, US Eastern Standard Time on May 15, 2013

As part of its New Generic Top Level Domain (gTLD) program, ICANN has accepted nearly 2,000 applications from prospective registries who would like to manage their own TLDs (letters to the right of the dot). Now, applicants for the same TLDs have begun to compete, negotiate, and, in some cases, join forces to ultimately produce one winning bid. The first such alliance was revealed on March 27, 2013, when Directi, Tucows and Namecheap announced that they would work together to manage the .online registry. The three companies each bring significant capital to the table to launch and operate the .online registry. They bring a wealth of experience and capabilities, from registry management to wholesale distribution to retail service. Perhaps most importantly, they bring enormous global reach.

Tucows Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net income and comprehensive income was $473,629 or $0.01 per diluted and basic share on net revenue of $29,790,912 compared to net income and comprehensive income of $6,054,886 or $0.11 per basic and diluted share on net revenue of $26,369,781 a year ago. Income from operations was $725,550 compared to $2,595,848 a year ago. Income before provision for income taxes was $678,397 compared to $2,584,359 a year ago. Net cash provided by operating activities was $2,022,238 compared to $2,682,821 a year ago. Additions to property and equipment were $330,502 compared to $221,073 a year ago. For the year, the company reported net income and comprehensive income was $4,468,246 or $0.09 per diluted share on net revenue of $114,726,901 compared to net income and comprehensive income of $6,170,231 or $0.11 per diluted share on net revenue of $97,064,967 a year ago. Income from operations was $6,091,450 compared to $3,126,037 a year ago. Income before provision for income taxes was $6,428,298 compared to $3,450,610 a year ago. Net cash provided by operating activities was $6,343,431 compared to $5,885,269 a year ago. Additions to property and equipment were $997,036 compared to $851,008 a year ago.