Anuncio • Jun 06
Tucows Inc. Appoints David Woroch as Board Director Tucows Inc. at its AGM held on June 2, 2026 announced that the Board elected one new member, David Woroch, President and Chief Executive Officer of Tucows and Tucows Domains. Mr. Woroch joins Marlene Carl, Lee Matheson, Sandra Matz, Laurenz Malte Nienaber, Allen Taylor, Jeffrey Tory and Stephan Uhrenbacher on the Tucows Board. Reported Earnings • May 11
First quarter 2026 earnings released: US$1.63 loss per share (vs US$1.37 loss in 1Q 2025) First quarter 2026 results: US$1.63 loss per share (further deteriorated from US$1.37 loss in 1Q 2025). Revenue: US$96.7m (up 2.2% from 1Q 2025). Net loss: US$18.1m (loss widened 20% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Anuncio • Apr 24
Tucows Inc. to Report Q1, 2026 Results on May 07, 2026 Tucows Inc. announced that they will report Q1, 2026 results at 5:05 PM, US Eastern Standard Time on May 07, 2026 Anuncio • Apr 23
Tucows Inc., Annual General Meeting, Jun 02, 2026 Tucows Inc., Annual General Meeting, Jun 02, 2026. Reported Earnings • Mar 15
Full year 2025 earnings released: US$6.85 loss per share (vs US$10.02 loss in FY 2024) Full year 2025 results: US$6.85 loss per share (improved from US$10.02 loss in FY 2024). Revenue: US$390.3m (up 7.7% from FY 2024). Net loss: US$75.8m (loss narrowed 31% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Anuncio • Feb 05
Tucows Inc. to Report Q4, 2025 Results on Feb 12, 2026 Tucows Inc. announced that they will report Q4, 2025 results at 5:05 PM, US Eastern Standard Time on Feb 12, 2026 Anuncio • Nov 08
Tucows Inc. Reports Unaudited Impairment of Property and Equipment for the Third Quarter Ended September 30, 2025 Tucows Inc. reported unaudited impairment of property and equipment for the third quarter ended September 30, 2025. For the quarter, the company reported impairment of property and equipment of USD 10,885,000 as compared to USD 852,000 a year ago. Reported Earnings • Nov 07
Third quarter 2025 earnings released: US$2.08 loss per share (vs US$2.03 loss in 3Q 2024) Third quarter 2025 results: US$2.08 loss per share (further deteriorated from US$2.03 loss in 3Q 2024). Revenue: US$98.6m (up 6.8% from 3Q 2024). Net loss: US$23.0m (loss widened 3.2% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Anuncio • Oct 23
Tucows Inc. to Report Q3, 2025 Results on Nov 06, 2025 Tucows Inc. announced that they will report Q3, 2025 results at 5:05 PM, US Eastern Standard Time on Nov 06, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: US$1.41 loss per share (vs US$1.70 loss in 2Q 2024) Second quarter 2025 results: US$1.41 loss per share (improved from US$1.70 loss in 2Q 2024). Revenue: US$98.5m (up 10% from 2Q 2024). Net loss: US$15.6m (loss narrowed 16% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Anuncio • Jul 24
Tucows Inc. to Report Q2, 2025 Results on Aug 07, 2025 Tucows Inc. announced that they will report Q2, 2025 results at 5:05 PM, US Eastern Standard Time on Aug 07, 2025 Recent Insider Transactions • Jul 06
President recently sold US$65k worth of stock On the 2nd of July, Elliot Noss sold around 3k shares on-market at roughly US$20.38 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Elliot has been a net seller over the last 12 months, reducing personal holdings by US$130k. Recent Insider Transactions Derivative • Jul 02
President notifies of intention to sell stock Elliot Noss intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of July. If the sale is conducted around the recent share price of US$19.71, it would amount to US$255k. For the year to December 2018, Elliot's total compensation was 49% salary and 51% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Elliot's direct individual holding has decreased from 662.11k shares to 580.08k. Company insiders have collectively sold US$64k more than they bought, via options and on-market transactions in the last 12 months. Anuncio • May 23
Tucows Inc. Announces Board Appointments Tucows Inc. at its Annual Meeting of Shareholders held on May 20, 2025, approved the appointment of Sandra Matz, Laurenz Malte Nienaber, Jeffrey Tory and Stephen Uhrenbacher as Board of Directors. Reported Earnings • May 10
First quarter 2025 earnings released: US$1.37 loss per share (vs US$2.42 loss in 1Q 2024) First quarter 2025 results: US$1.37 loss per share (improved from US$2.42 loss in 1Q 2024). Revenue: US$94.6m (up 8.2% from 1Q 2024). Net loss: US$15.1m (loss narrowed 43% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Anuncio • Apr 24
Tucows Inc. to Report Q1, 2025 Results on May 08, 2025 Tucows Inc. announced that they will report Q1, 2025 results at 5:05 PM, US Eastern Standard Time on May 08, 2025 Recent Insider Transactions Derivative • Apr 02
President notifies of intention to sell stock Elliot Noss intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$16.88, it would amount to US$255k. For the year to December 2018, Elliot's total compensation was 49% salary and 51% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2024, Elliot's direct individual holding has decreased from 680.51k shares to 633.95k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Anuncio • Mar 28
Tucows Inc., Annual General Meeting, May 20, 2025 Tucows Inc., Annual General Meeting, May 20, 2025. Anuncio • Feb 15
Tucows Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2024 Tucows Inc. reported impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company reported impairment of property and equipment of USD 21,074,000 against USD 143,000 a year ago. Reported Earnings • Feb 14
Full year 2024 earnings released: US$10.27 loss per share (vs US$8.86 loss in FY 2023) Full year 2024 results: US$10.27 loss per share (further deteriorated from US$8.86 loss in FY 2023). Revenue: US$362.3m (up 6.8% from FY 2023). Net loss: US$112.7m (loss widened 17% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Anuncio • Feb 14
Tucows Inc. (NasdaqCM:TCX) announces an Equity Buyback for $40 million worth of its shares. Tucows Inc. (NasdaqCM:TCX) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its shares. All shares purchased by the company under the stock buyback program will be retired and returned to treasury. The purchase will be funded from available working capital and existing credit facilities. The program will terminate on or before February 13, 2026. As of February 12, 2025, the company had 11,030,156 common shares outstanding. Anuncio • Jan 30
Tucows Inc. to Report Q4, 2024 Results on Feb 13, 2025 Tucows Inc. announced that they will report Q4, 2024 results at 5:05 PM, US Eastern Standard Time on Feb 13, 2025 Recent Insider Transactions Derivative • Jan 03
President notifies of intention to sell stock Elliot Noss intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of January. If the sale is conducted around the recent share price of US$17.14, it would amount to US$255k. For the year to December 2018, Elliot's total compensation was 41% salary and 59% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Elliot's direct individual holding has decreased from 683.21k shares to 649.01k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Anuncio • Jan 01
An unknown buyer acquired 5.465% stake in Tucows Inc. (NasdaqCM:TCX) from Investmentaktiengesellschaft für langfristige Investoren TGV An unknown buyer acquired 5.465% stake in Tucows Inc. (NasdaqCM:TCX) from Investmentaktiengesellschaft für langfristige Investoren TGV on December 30, 2024. IFL holds no Tucows shares.
An unknown buyer completed the acquisition of 5.465% stake in Tucows Inc. (NasdaqCM:TCX) from Investmentaktiengesellschaft für langfristige Investoren TGV on December 30, 2024. Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$2.03 loss per share (vs US$2.09 loss in 3Q 2023) Third quarter 2024 results: US$2.03 loss per share (improved from US$2.09 loss in 3Q 2023). Revenue: US$92.3m (up 6.1% from 3Q 2023). Net loss: US$22.3m (loss narrowed 2.1% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Anuncio • Oct 25
Tucows Inc. to Report Q3, 2024 Results on Nov 07, 2024 Tucows Inc. announced that they will report Q3, 2024 results at 5:05 PM, US Eastern Standard Time on Nov 07, 2024 Recent Insider Transactions Derivative • Sep 22
President notifies of intention to sell stock Elliot Noss intends to sell 18k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of September. If the sale is conducted around the recent share price of US$22.70, it would amount to US$415k. For the year to December 2017, Elliot's total compensation was 41% salary and 59% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Elliot's direct individual holding has decreased from 696.91k shares to 680.51k. There has only been one transaction (US$249k purchase) from insiders over the last 12 months. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$1.70 loss per share (vs US$2.86 loss in 2Q 2023) Second quarter 2024 results: US$1.70 loss per share (improved from US$2.86 loss in 2Q 2023). Revenue: US$89.4m (up 5.2% from 2Q 2023). Net loss: US$18.6m (loss narrowed 40% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$80m free cash flow). Negative equity (-US$16m). Earnings have declined by 81% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Anuncio • Jul 26
Tucows Inc. to Report Q2, 2024 Results on Aug 08, 2024 Tucows Inc. announced that they will report Q2, 2024 results at 5:05 PM, US Eastern Standard Time on Aug 08, 2024 Anuncio • Jul 04
Orange Domains, Trust Machines, Tucows, DISH and Hiro Systems Launch its First Top-Level Domain Orange Domains, the partnership connecting onchain utility with domains from Trust Machines, Tucows, DISH, an EchoStar company, and Hiro Systems, has launched its first top-level domain (TLD), .locker. Offering a true Web3-connected solution to its users, .locker will unleash new opportunities for global domain owners while still providing traditional web domain functionality. As a two-part solution, .locker provides both a Web2 domain name and corresponding digital identity, meaning that it is a TLD solution that bridges Web2 domains with Web3 digital identities, tying them to the same user. It is for Web3-curious and Web3-ready users who want the full functionality of their domain name - such as website and email capabilities - and a corresponding Web3 digital identity to use for specific applications like decentralized finance, managing crypto assets, and Web3 social networks. Those who purchase a .locker domain will enjoy all the benefits they have come to expect from premium TLDs, as well as new Web3 interoperability with Bitcoin to trade, hold, and manage their digital assets. The .locker domain's initial launch phase is exclusively for trademark holders registered in the Trademark Clearing House before opening to early access and the general public in September. .locker domains and Web3 digital identity can be renewed at the user's registrar of record where their domain is currently managed. From freelance designers to writers and small businesses, .locker provides a solution that connects customer acquisition through payments and security for domain owners. Orange Domains is grateful to ICANN for its efficient process, and many domain registrars are eager to offer .locker to their users. Anuncio • Apr 27
Tucows Inc. to Report Q1, 2024 Results on May 09, 2024 Tucows Inc. announced that they will report Q1, 2024 results at 5:05 PM, US Eastern Standard Time on May 09, 2024 Anuncio • Mar 17
Tucows Inc. announced delayed annual 10-K filing On 03/15/2024, Tucows Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Recent Insider Transactions Derivative • Mar 06
President notifies of intention to sell stock Elliot Noss intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of March. If the sale is conducted around the recent share price of US$18.60, it would amount to US$255k. For the year to December 2017, Elliot's total compensation was 32% salary and 68% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Elliot's direct individual holding has decreased from 708.07k shares to 696.91k. There has only been one transaction (US$249k purchase) from insiders over the last 12 months. Reported Earnings • Feb 25
Full year 2023 earnings released: US$8.86 loss per share (vs US$2.56 loss in FY 2022) Full year 2023 results: US$8.86 loss per share (further deteriorated from US$2.56 loss in FY 2022). Revenue: US$339.3m (up 5.7% from FY 2022). Net loss: US$96.2m (loss widened 249% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Anuncio • Feb 23
Tucows Inc. (NasdaqCM:TCX) announces an Equity Buyback for $40 million worth of its shares. Tucows Inc. (NasdaqCM:TCX) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its shares. All shares purchased by the company under the stock buyback program will be retired and returned to treasury. The purchase will be funded from available working capital and existing credit facilities. The program will terminate on or before February 22, 2025. As of February 21, 2024, the company had 10,936,673 common shares outstanding. Anuncio • Feb 02
Tucows Inc. to Report Q4, 2023 Results on Feb 22, 2024 Tucows Inc. announced that they will report Q4, 2023 results at 5:05 PM, US Eastern Standard Time on Feb 22, 2024 Recent Insider Transactions Derivative • Dec 24
President notifies of intention to sell stock Elliot Noss intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of December. If the sale is conducted around the recent share price of US$23.85, it would amount to US$255k. For the year to December 2016, Elliot's total compensation was 32% salary and 68% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Elliot's direct individual holding has decreased from 708.07k shares to 707.41k. There has only been one transaction (US$249k purchase) from insiders over the last 12 months. Recent Insider Transactions • Nov 10
Independent Chairman recently bought US$249k worth of stock On the 6th of November, Robin Chase bought around 13k shares on-market at roughly US$19.95 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robin's only on-market trade for the last 12 months. Reported Earnings • Nov 03
Third quarter 2023 earnings released: US$2.09 loss per share (vs US$0.74 loss in 3Q 2022) Third quarter 2023 results: US$2.09 loss per share (further deteriorated from US$0.74 loss in 3Q 2022). Revenue: US$87.0m (up 11% from 3Q 2022). Net loss: US$22.8m (loss widened 185% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Anuncio • Oct 20
Tucows Inc. to Report Q3, 2023 Results on Nov 02, 2023 Tucows Inc. announced that they will report Q3, 2023 results at 5:05 PM, US Eastern Standard Time on Nov 02, 2023 Anuncio • Sep 09
Tucows Inc. Announces Board Changes Tucows announced that Lee Matheson, a Partner at Edgepoint Wealth Management, and Gigi Sohn, renowned lawyer and consumer advocate, have been elected to its board of directors. With an impressive track record in the financial industry, Lee Matheson brings substantial, relevant expertise to the Tucows Board. Matheson is a Partner at Edgepoint Wealth Management, one of Tucows' largest shareholders, and has been closely engaged with Tucows as an investor. He is a CFA charterholder with demonstrated business analysis skills and a deep understanding of the technology sector. Matheson's extensive capital market experience and business acumen will make him a valued addition to the Tucows Board of Directors. Gigi Sohn, a renowned lawyer and consumer advocate, is widely recognized for her contributions to telecommunications, media, and technology law and policy. With her vast experience in the legal field, work as counselor to the FCC Chair from 2013 to 2016, and leadership of telecom and technology policy organizations, she has been instrumental in shaping policies that promote innovation, digital rights, and a free and open Internet. Her deep knowledge and experience as a consumer advocate led President Biden to nominate her for a seat on the FCC in 2021. Sohn's profound knowledge and unwavering commitment to consumer-oriented telecom policy make her an excellent addition to the Tucows Board of Directors. Tucows also announced that Brad Burnham, co-founder of Union Square Ventures, will be stepping down from its board of directors. Brad has served on Tucows' board of directors since January, 2017. Changes to Tucows' board of directors were effective as of September 7, 2023. Reported Earnings • Aug 04
Second quarter 2023 earnings released: US$2.86 loss per share (vs US$0.29 loss in 2Q 2022) Second quarter 2023 results: US$2.86 loss per share (further deteriorated from US$0.29 loss in 2Q 2022). Revenue: US$85.0m (up 2.3% from 2Q 2022). Net loss: US$31.0m (loss widened US$27.8m from 2Q 2022). Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the IT industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Anuncio • Jul 23
Tucows Inc. to Report Q2, 2023 Results on Aug 03, 2023 Tucows Inc. announced that they will report Q2, 2023 results at 5:05 PM, Eastern Standard Time on Aug 03, 2023 Anuncio • May 31
Tucows Inc. Announces Brad Burnham Not to Seek Reelection as Board Member Tucows Inc. announced that Brad Burnham, co-founder of Union Square Ventures, has decided not to seek reelection as a Board member at its annual general meeting scheduled for September 7, 2023. Anuncio • May 10
Tucows Inc. Reports Impairment of Property and Equipment for the First Quarter Ended March 31, 2023 Tucows Inc. reported impairment of property and equipment for the first quarter ended March 31, 2023. For the quarter, the company reported impairment of property and equipment of $1,942,000 against $27,000 a year ago. Reported Earnings • May 10
First quarter 2023 earnings released: US$1.77 loss per share (vs US$0.28 loss in 1Q 2022) First quarter 2023 results: US$1.77 loss per share (further deteriorated from US$0.28 loss in 1Q 2022). Revenue: US$80.4m (flat on 1Q 2022). Net loss: US$19.1m (loss widened US$16.1m from 1Q 2022). Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 16
Full year 2022 earnings released: US$2.56 loss per share (vs US$0.32 profit in FY 2021) Full year 2022 results: US$2.56 loss per share (down from US$0.32 profit in FY 2021). Revenue: US$321.1m (up 5.5% from FY 2021). Net loss: US$27.6m (down US$30.9m from profit in FY 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the IT industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Full year 2022 earnings released: US$2.56 loss per share (vs US$0.32 profit in FY 2021) Full year 2022 results: US$2.56 loss per share (down from US$0.32 profit in FY 2021). Revenue: US$321.1m (up 5.5% from FY 2021). Net loss: US$27.6m (down US$30.9m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Anuncio • Feb 08
Blacksheep Fund Management Engages in Further Discussions with Tucows On February 7, 2023, Blacksheep Fund Management Ltd. announced that it has had and anticipate having further conversations with members of Tucows Inc.'s management and board of directors regarding possible ways to enhance shareholder value, including: (i) bringing in an equity partner to Ting Internet to facilitate a capital release; (ii) using the capital release to pay down debt in order to de-risk the balance sheet and allow for share buybacks; (iii) scaling back new projects at Ting Internet and Wavelo until the balance sheet is de-risked; (iv) improving reporting at Ting Internet; and (v) strengthening the board of directors. Anuncio • Jan 27
Tucows Inc. to Report Q4, 2022 Results on Feb 09, 2023 Tucows Inc. announced that they will report Q4, 2022 results at 5:05 PM, US Eastern Standard Time on Feb 09, 2023 Recent Insider Transactions Derivative • Dec 22
President exercised options to buy US$320k worth of stock. On the 15th of December, Elliot Noss exercised options to buy 10k shares at a strike price of around US$21.10, costing a total of US$211k. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. Since March 2022, Elliot's direct individual holding has increased from 695.60k shares to 698.10k. Company insiders have collectively bought US$456k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Marlene Carl was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2022 earnings released: US$0.74 loss per share (vs US$0.13 profit in 3Q 2021) Third quarter 2022 results: US$0.74 loss per share (down from US$0.13 profit in 3Q 2021). Revenue: US$78.1m (up 2.8% from 3Q 2021). Net loss: US$7.98m (down US$9.36m from profit in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Aug 25
Insider exercised options to buy US$260k worth of stock. On the 23rd of August, David Woroch exercised options to buy 5k shares at a strike price of around US$21.10, costing a total of US$106k. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. Since September 2021, David's direct individual holding has increased from 114.86k shares to 119.86k. Company insiders have collectively sold US$141k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 18
CFO, Executive VP exercised options to buy US$375k worth of stock. On the 12th of August, Davinder Singh exercised options to buy 7k shares at a strike price of around US$19.95, costing a total of US$140k. Since March 2022, Davinder has not owned shares directly. Company insiders have collectively sold US$189k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 10
Second quarter 2022 earnings released: US$0.29 loss per share (vs US$0.17 profit in 2Q 2021) Second quarter 2022 results: US$0.29 loss per share (down from US$0.17 profit in 2Q 2021). Revenue: US$83.1m (up 11% from 2Q 2021). Net loss: US$3.13m (down 273% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 14% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • May 06
First quarter 2022 earnings released: US$0.28 loss per share (vs US$0.20 profit in 1Q 2021) First quarter 2022 results: US$0.28 loss per share (down from US$0.20 profit in 1Q 2021). Revenue: US$81.1m (up 14% from 1Q 2021). Net loss: US$3.02m (down 240% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 9.6%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Marlene Carl was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.32 (down from US$0.55 in FY 2020). Revenue: US$304.3m (down 2.2% from FY 2020). Net income: US$3.36m (down 42% from FY 2020). Profit margin: 1.1% (down from 1.9% in FY 2020). Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 9.0%, compared to a 20% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Dec 17
President exercised options to buy US$814k worth of stock. On the 10th of December, Elliot Noss exercised options to buy 10k shares at a strike price of around US$19.41, costing a total of US$194k. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. Since December 2020, Elliot's direct individual holding has decreased from 711.71k shares to 685.60k. Company insiders have collectively sold US$64k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 11
Chief Revenue Officer of Ting exercised options to buy US$207k worth of stock. On the 2nd of December, Michael Goldstein exercised options to buy 3k shares at a strike price of around US$19.41, costing a total of US$49k. This transaction amounted to 90% of their direct individual holding at the time of the trade. Since June 2021, Michael's direct individual holding has increased from 5.80k shares to 8.30k. Company insiders have collectively sold US$563k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 09
Chief Revenue Officer of Ting exercised options to buy US$214k worth of stock. On the 2nd of December, Michael Goldstein exercised options to buy 3k shares at a strike price of around US$19.41, costing a total of US$49k. This transaction amounted to 90% of their direct individual holding at the time of the trade. Since June 2021, Michael's direct individual holding has increased from 5.80k shares to 8.30k. Company insiders have collectively sold US$563k more than they bought, via options and on-market transactions in the last 12 months. Board Change • Dec 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Marlene Carl was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Nov 19
Executive Vice President of Domains exercised options to buy US$448k worth of stock. On the 15th of November, David Woroch exercised options to buy 5k shares at a strike price of around US$19.41, costing a total of US$97k. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. Since December 2020, David's direct individual holding has decreased from 127.11k shares to 114.86k. Company insiders have collectively sold US$762k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS US$0.13 (vs US$0.068 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$75.9m (up 2.1% from 3Q 2020). Net income: US$1.38m (up 92% from 3Q 2020). Profit margin: 1.8% (up from 1.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Oct 02
President notifies of intention to sell stock Elliot Noss intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of September. If the sale is conducted around the recent share price of US$77.32, it would amount to US$773k. For the year to December 2020, Elliot's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Elliot's direct individual holding has decreased from 711.71k shares to 695.60k. Company insiders have collectively sold US$732k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Oct 02
President recently sold US$775k worth of stock On the 30th of September, Elliot Noss sold around 10k shares on-market at roughly US$77.46 per share. This was the largest sale by an insider in the last 3 months. This was Elliot's only on-market trade for the last 12 months. Executive Departure • Sep 10
Independent Director Rawleigh Ralls has left the company On the 7th of September, Rawleigh Ralls' tenure as Independent Director ended after 12.3 years in the role. As of June 2021, Rawleigh still personally held 2.26k shares (US$182k worth at the time). Rawleigh is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.42 years. Recent Insider Transactions Derivative • Aug 20
Independent Director exercised options to buy US$277k worth of stock. On the 16th of August, Erez Gissin exercised options to buy 4k shares at a strike price of around US$27.53, costing a total of US$103k. This transaction amounted to 27% of their direct individual holding at the time of the trade. Since September 2020, Erez has owned 14.14k shares directly. Company insiders have collectively bought US$13k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Aug 12
Chief Legal Officer & General Counsel recently bought US$166k worth of stock On the 11th of August, Bret Fausett bought around 2k shares on-market at roughly US$74.51 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$878k more in shares than they bought in the last 12 months. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.015 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$75.1m (down 8.6% from 2Q 2020). Net income: US$1.81m (up US$1.65m from 2Q 2020). Profit margin: 2.4% (up from 0.2% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 30
Chief People Officer recently sold US$63k worth of stock On the 25th of June, Jessica Johannson sold around 800 shares on-market at roughly US$79.04 per share. In the last 3 months, there was an even bigger sale from another insider worth US$315k. Insiders have been net sellers, collectively disposing of US$1.0m more than they bought in the last 12 months. Recent Insider Transactions • Jun 11
Executive Vice President of Domains recently sold US$315k worth of stock On the 9th of June, David Woroch sold around 4k shares on-market at roughly US$78.84 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$960k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 03
Independent Co-Chair exercised options to buy US$799k worth of stock. On the 1st of June, Robin Chase exercised options to buy 10k shares at a strike price of around US$43.79, costing a total of US$438k. This transaction amounted to 150% of their direct individual holding at the time of the trade. Since September 2020, Robin has owned 6.67k shares directly. Company insiders have collectively sold US$300k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.20 (vs US$0.27 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$70.9m (down 16% from 1Q 2020). Net income: US$2.15m (down 24% from 1Q 2020). Profit margin: 3.0% (down from 3.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.