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Note 13 - Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2022
Notes Tables |
Condensed Income Statement [Table Text Block] |
Reconciliation of Adjusted EBITDA to Income before Provision for Income Taxes |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In Thousands of US Dollars) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
(unaudited) |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
Adjusted EBITDA |  | $ | 7,879 |  |  | $ | 12,205 |  |  | $ | 30,890 |  |  | $ | 36,083 |
Depreciation of property and equipment |  |  | 7,285 |  |  |  | 4,758 |  |  |  | 20,063 |  |  |  | 12,728 |
Impairment and loss on disposition of property and equipment |  |  | (16 | ) |  |  | 470 |  |  |  | 491 |  |  |  | 536 |
Amortization of intangible assets |  |  | 2,842 |  |  |  | 2,288 |  |  |  | 8,528 |  |  |  | 7,253 |
Interest expense, net |  |  | 4,337 |  |  |  | 1,169 |  |  |  | 8,555 |  |  |  | 3,108 |
Accretion of contingent consideration |  |  | 50 |  |  |  | 96 |  |  |  | 198 |  |  |  | 287 |
Stock-based compensation |  |  | 1,569 |  |  |  | 1,126 |  |  |  | 4,396 |  |  |  | 3,357 |
Unrealized loss (gain) on change in fair value of foreign currency forward contracts |  |  | - |  |  |  | 249 |  |  |  | - |  |  |  | 606 |
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities |  |  | 348 |  |  |  | 72 |  |  |  | 446 |  |  |  | 178 |
Acquisition and other costs1 |  |  | 472 |  |  |  | 901 |  |  |  | 1,549 |  |  |  | 2,034 |
Income/(loss) before provision for income taxes |  | $ | (9,008 | ) |  | $ | 1,076 |  |  | $ | (13,336 | ) |  | $ | 5,996 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Tucows Corporate |  |  | Consolidated Totals |
For the Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 10,946 |  |  | $ | 4,048 |  |  | $ | 60,281 |  |  | $ | 2,775 |  |  | $ | 78,050 |
Direct cost of revenues |  | 4,290 |  |  | 235 |  |  | 42,111 |  |  | 1,666 |  |  | 48,302 |
Segment Gross Margin |  | 6,656 |  |  | 3,813 |  |  | 18,170 |  |  | 1,109 |  |  | 29,748 |
Adjusted EBITDA |  | $ | (5,040 | ) |  | $ | (902 | ) |  | $ | 10,385 |  |  | $ | 3,436 |  |  | $ | 7,879 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Tucows Corporate |  |  | Consolidated Totals |
For the Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 6,391 |  |  | $ | 3,845 |  |  | $ | 60,729 |  |  | $ | 4,928 |  |  | $ | 75,893 |
Direct cost of revenues |  | 3,632 |  |  | 140 |  |  | 42,253 |  |  | 3,515 |  |  | 49,540 |
Segment Gross Margin |  | 2,759 |  |  | 3,705 |  |  | 18,476 |  |  | 1,413 |  |  | 26,353 |
Adjusted EBITDA |  | $ | (5,490 | ) |  | $ | 1,751 |  |  | $ | 11,473 |  |  | $ | 4,471 |  |  | $ | 12,205 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Tucows Corporate |  |  | Consolidated Totals |
For the Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 30,955 |  |  | $ | 19,865 |  |  | $ | 182,890 |  |  | $ | 8,523 |  |  | $ | 242,233 |
Direct cost of revenues |  |  | 12,746 |  |  |  | 2,254 |  |  |  | 125,023 |  |  |  | 7,000 |  |  |  | 147,023 |
Segment Gross Margin |  |  | 18,209 |  |  |  | 17,611 |  |  |  | 57,867 |  |  |  | 1,523 |  |  |  | 95,210 |
Adjusted EBITDA |  | $ | (15,546 | ) |  | $ | 5,017 |  |  | $ | 34,266 |  |  | $ | 7,153 |  |  | $ | 30,890 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Tucows Corporate |  |  | Consolidated Totals |
For the Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 17,021 |  |  | $ | 7,217 |  |  | $ | 184,215 |  |  | $ | 13,408 |  |  | $ | 221,861 |
Direct cost of revenues |  |  | 9,247 |  |  |  | 338 |  |  |  | 125,814 |  |  |  | 9,461 |  |  |  | 144,860 |
Segment Gross Margin |  |  | 7,774 |  |  |  | 6,879 |  |  |  | 58,401 |  |  |  | 3,946 |  |  |  | 77,001 |
Adjusted EBITDA |  | $ | (14,008 | ) |  | $ | 1,394 |  |  | $ | 36,790 |  |  | $ | 11,907 |  |  | $ | 36,083 |
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block] |
|  | September 30, 2022 |  |  | December 31, 2021 |
Canada |  | $ | 1,463 |  |  | $ | 1,994 |
United States |  |  | 252,509 |  |  |  | 170,630 |
Europe |  |  | 187 |  |  |  | 38 |
|  | $ | 254,159 |  |  | $ | 172,662 |
Schedule of Acquired Intangible Assets by Major Class [Table Text Block] |
|  | September 30, 2022 |  |  | December 31, 2021 |
Canada |  | $ | 3,123 |  |  | $ | 1,386 |
United States |  |  | 26,524 |  |  |  | 36,732 |
Germany |  |  | 60 |  |  |  | - |
|  | $ | 29,707 |  |  | $ | 38,118 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
Allowance for doubtful accounts |  | Balance at beginning of period |  |  | Charged to costs and expenses |  |  | Write-offs during period |  |  | Balance at end of period |
Nine Months Ended September 30, 2022 |  | $ | 541 |  |  | $ | 195 |  |  | $ | - |  |  | $ | 736 |
Twelve months ended December 31, 2021 |  | $ | 222 |  |  | $ | 319 |  |  | $ | - |  |  | $ | 541 |

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