Tucows Inc
NASDAQ:TCX
Income Statement
Earnings Waterfall
Tucows Inc
Revenue
|
339.3m
USD
|
Cost of Revenue
|
-267.8m
USD
|
Gross Profit
|
71.5m
USD
|
Operating Expenses
|
-130.3m
USD
|
Operating Income
|
-58.8m
USD
|
Other Expenses
|
-37.4m
USD
|
Net Income
|
-96.2m
USD
|
Income Statement
Tucows Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
130
N/A
|
134
+3%
|
139
+3%
|
142
+2%
|
148
+4%
|
154
+4%
|
161
+5%
|
167
+4%
|
172
+3%
|
177
+3%
|
182
+2%
|
186
+2%
|
190
+2%
|
215
+13%
|
252
+17%
|
288
+14%
|
329
+15%
|
356
+8%
|
353
-1%
|
351
0%
|
346
-1%
|
329
-5%
|
332
+1%
|
337
+1%
|
337
+0%
|
342
+2%
|
340
-1%
|
326
-4%
|
311
-5%
|
298
-4%
|
291
-2%
|
293
+1%
|
304
+4%
|
315
+3%
|
323
+3%
|
325
+1%
|
321
-1%
|
320
0%
|
322
+1%
|
331
+3%
|
339
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(99)
|
(101)
|
(102)
|
(104)
|
(107)
|
(110)
|
(114)
|
(117)
|
(120)
|
(122)
|
(123)
|
(125)
|
(127)
|
(149)
|
(180)
|
(212)
|
(245)
|
(265)
|
(261)
|
(256)
|
(249)
|
(232)
|
(233)
|
(234)
|
(236)
|
(239)
|
(237)
|
(231)
|
(224)
|
(219)
|
(218)
|
(221)
|
(226)
|
(232)
|
(237)
|
(239)
|
(243)
|
(247)
|
(253)
|
(261)
|
(268)
|
|
Gross Profit |
31
N/A
|
34
+7%
|
37
+8%
|
38
+4%
|
41
+7%
|
44
+8%
|
47
+8%
|
50
+5%
|
52
+5%
|
55
+6%
|
58
+5%
|
61
+5%
|
63
+4%
|
66
+4%
|
71
+9%
|
75
+5%
|
85
+12%
|
91
+7%
|
91
+1%
|
95
+4%
|
97
+2%
|
97
N/A
|
99
+2%
|
102
+3%
|
101
-2%
|
103
+2%
|
103
0%
|
96
-7%
|
87
-9%
|
79
-9%
|
73
-8%
|
71
-2%
|
79
+10%
|
82
+5%
|
86
+5%
|
86
0%
|
78
-9%
|
73
-7%
|
69
-5%
|
71
+2%
|
71
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(35)
|
(36)
|
(38)
|
(44)
|
(49)
|
(54)
|
(57)
|
(61)
|
(63)
|
(65)
|
(67)
|
(68)
|
(70)
|
(73)
|
(72)
|
(73)
|
(75)
|
(75)
|
(78)
|
(77)
|
(77)
|
(79)
|
(86)
|
(93)
|
(99)
|
(105)
|
(109)
|
(115)
|
(120)
|
(126)
|
(130)
|
|
Selling, General & Administrative |
(19)
|
(21)
|
(22)
|
(23)
|
(24)
|
(24)
|
(25)
|
(26)
|
(28)
|
(29)
|
(30)
|
(31)
|
(32)
|
(36)
|
(39)
|
(42)
|
(43)
|
(46)
|
(47)
|
(49)
|
(51)
|
(51)
|
(53)
|
(53)
|
(52)
|
(53)
|
(54)
|
(54)
|
(55)
|
(54)
|
(54)
|
(56)
|
(62)
|
(68)
|
(74)
|
(80)
|
(85)
|
(89)
|
(93)
|
(98)
|
(101)
|
|
Research & Development |
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
(14)
|
(15)
|
(16)
|
(18)
|
(19)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
|
Operating Income |
7
N/A
|
8
+16%
|
9
+19%
|
10
+5%
|
12
+17%
|
15
+33%
|
17
+13%
|
19
+8%
|
19
+2%
|
21
+11%
|
23
+8%
|
24
+8%
|
25
+2%
|
22
-12%
|
23
+4%
|
21
-6%
|
27
+27%
|
30
+9%
|
28
-4%
|
30
+6%
|
30
-2%
|
29
-3%
|
29
0%
|
30
+4%
|
29
-2%
|
30
+2%
|
28
-5%
|
21
-26%
|
10
-54%
|
3
-72%
|
(3)
N/A
|
(8)
-120%
|
(8)
-2%
|
(11)
-39%
|
(13)
-22%
|
(20)
-50%
|
(31)
-58%
|
(42)
-35%
|
(51)
-21%
|
(56)
-10%
|
(59)
-6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(7)
|
(10)
|
(15)
|
(21)
|
(29)
|
(35)
|
(42)
|
|
Non-Reccuring Items |
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(17)
|
(19)
|
(20)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
8
|
13
|
18
|
22
|
20
|
19
|
19
|
18
|
19
|
18
|
18
|
17
|
17
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
Pre-Tax Income |
6
N/A
|
6
+9%
|
8
+19%
|
8
+3%
|
9
+21%
|
13
+39%
|
15
+14%
|
16
+8%
|
18
+11%
|
20
+11%
|
22
+12%
|
24
+10%
|
25
+3%
|
21
-16%
|
21
+1%
|
19
-9%
|
24
+25%
|
27
+11%
|
25
-6%
|
27
+6%
|
26
-2%
|
25
-3%
|
25
-2%
|
26
+2%
|
25
-4%
|
24
-1%
|
21
-16%
|
15
-28%
|
11
-27%
|
10
-7%
|
11
+11%
|
11
-4%
|
7
-32%
|
2
-71%
|
(2)
N/A
|
(12)
-510%
|
(28)
-130%
|
(47)
-68%
|
(78)
-68%
|
(93)
-19%
|
(103)
-11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(7)
|
(6)
|
(5)
|
(8)
|
(9)
|
(9)
|
(9)
|
(6)
|
(6)
|
(7)
|
(9)
|
(3)
|
(3)
|
(2)
|
0
|
(5)
|
(5)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(4)
|
0
|
3
|
7
|
7
|
7
|
|
Income from Continuing Operations |
4
|
5
|
5
|
5
|
6
|
9
|
10
|
10
|
11
|
13
|
15
|
16
|
16
|
14
|
15
|
14
|
17
|
18
|
16
|
18
|
20
|
19
|
18
|
17
|
21
|
21
|
19
|
15
|
6
|
5
|
7
|
7
|
3
|
(2)
|
(7)
|
(16)
|
(28)
|
(44)
|
(71)
|
(86)
|
(96)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
4
N/A
|
5
+10%
|
5
+17%
|
5
+2%
|
6
+18%
|
9
+36%
|
10
+11%
|
10
+5%
|
11
+12%
|
13
+14%
|
15
+14%
|
16
+11%
|
16
-2%
|
14
-13%
|
15
+8%
|
14
-9%
|
22
+60%
|
24
+6%
|
22
-7%
|
24
+9%
|
17
-28%
|
16
-5%
|
15
-6%
|
14
-7%
|
15
+9%
|
15
+0%
|
13
-16%
|
9
-27%
|
6
-39%
|
5
-12%
|
7
+32%
|
7
+10%
|
3
-54%
|
(2)
N/A
|
(7)
-274%
|
(16)
-139%
|
(28)
-71%
|
(44)
-58%
|
(71)
-64%
|
(86)
-21%
|
(96)
-12%
|
|
EPS (Diluted) |
0.37
N/A
|
0.4
+8%
|
0.46
+15%
|
0.46
N/A
|
0.54
+17%
|
0.74
+37%
|
0.83
+12%
|
0.88
+6%
|
1
+14%
|
1.19
+19%
|
1.37
+15%
|
1.52
+11%
|
1.5
-1%
|
1.32
-12%
|
1.43
+8%
|
1.3
-9%
|
2.06
+58%
|
2.18
+6%
|
2.03
-7%
|
2.21
+9%
|
1.58
-29%
|
1.49
-6%
|
1.4
-6%
|
1.3
-7%
|
1.42
+9%
|
1.44
+1%
|
1.21
-16%
|
0.88
-27%
|
0.54
-39%
|
0.47
-13%
|
0.63
+34%
|
0.69
+10%
|
0.31
-55%
|
-0.16
N/A
|
-0.62
-288%
|
-1.49
-140%
|
-2.56
-72%
|
-4.05
-58%
|
-6.59
-63%
|
-7.93
-20%
|
-8.85
-12%
|