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Note 13 - Segment Reporting (Tables)

9 Months Ended

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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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

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-Publisher SEC
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-Number 210
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-Paragraph (a)
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