XML 126 R106.htm IDEA: XBRL DOCUMENT v3.22.4
Note 20 - Segment Reporting - Information by Reportable Segments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
External Revenues $ 321,142 $ 304,337 $ 311,202
Intersegment Revenues 0    
Revenues 321,142 304,337 311,202
Direct cost of revenues 196,268 193,039 200,401
Segment Gross Margin 124,874 111,298 110,801
Network, other costs 17,433 14,769 10,194
Network, depreciation of property and equipment 27,589 17,452 12,144
Network, amortization of intangible assets 1,512 583 1,340
Network, impairment of property and equipment 92 201 1,638
Gross profit 78,248 78,293 85,485
Sales and marketing 53,937 39,471 34,274
Technical operations and development 14,187 14,310 12,427
General and administrative 30,845 22,370 20,268
Depreciation of property and equipment 598 534 488
Loss (gain) on disposition of property and equipment 461 234 (17)
Amortization of intangible assets 9,882 9,424 10,080
Total expenses 109,910 86,066 78,568
Income (Loss) from operations (31,662) (7,773) 6,917
Interest expense, net (14,456) (4,617) (3,611)
Income earned on sale of transferred assets, net 18,507    
Other expense, net 177 370 158
Total other income (expenses) 3,874 15,043 3,843
Income before provision for income taxes (27,788) 7,270 10,760
Adjusted EBITDA 37,590 48,821 50,973
Impairment of definite life intangible assets   277  
Gain on sale of Ting customer assets, net   20,030 7,612
Impairment of definite life intangible assets 0 0 1,431
Gain on currency forward contracts (0) 277 383
Net income for the period (27,571) 3,364 5,775
Provision for income taxes (note 9) (217) 3,906 4,985
Depreciation of property and equipment 28,187 17,986 12,632
Impairment and loss on disposition of property and equipment 553 435 1,621
Amortization of intangible assets 11,394 10,007 11,420
Impairment of definite life intangible assets 0 0 1,431
Write-down on disposal of Ting Mobile customer assets and contract costs 0 0 3,513
Interest expense, net 14,456 4,617 3,611
Accretion of contingent consideration 248 383 344
Stock-based compensation 7,599 4,592 3,718
Loss (gain) on change in the fair value of forward contracts 281 606 (500)
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities 281 219 461
Acquisition and other costs1 2,660 2,706 1,962
Adjusted EBITDA 37,590 48,821 50,973
Foreign Exchange Forward [Member]      
Loss (gain) on change in the fair value of forward contracts 0 606 (500)
Ting [Member]      
External Revenues 42,425 25,327 17,151
Intersegment Revenues 0    
Revenues 42,425 25,327 17,151
Direct cost of revenues 17,004 12,035 6,856
Segment Gross Margin 25,421 13,292 10,295
Adjusted EBITDA (21,557) (18,778) (6,349)
Adjusted EBITDA (21,557) (18,778) (6,349)
Wavelo [Member]      
External Revenues 23,632 16,781 1,839
Intersegment Revenues 712    
Revenues 24,344 16,781 1,839
Direct cost of revenues 2,926 1,308 183
Segment Gross Margin 21,418 15,473 1,656
Adjusted EBITDA 3,875 7,334 (5,381)
Adjusted EBITDA 3,875 7,334 (5,381)
Tucows Domains [Member]      
External Revenues 243,158 245,576 242,254
Intersegment Revenues 0    
Revenues 243,158 245,576 242,254
Direct cost of revenues 166,890 167,488 167,451
Segment Gross Margin 76,268 78,088 74,803
Adjusted EBITDA 44,834 47,765 46,158
Adjusted EBITDA 44,834 47,765 46,158
Corporate Segment [Member]      
External Revenues 11,927 16,653 49,958
Intersegment Revenues (712)    
Revenues 11,215 16,653 49,958
Direct cost of revenues 9,448 12,208 25,911
Segment Gross Margin 1,767 4,445 24,047
Adjusted EBITDA 10,438 12,500 16,545
Adjusted EBITDA $ 10,438 $ 12,500 $ 16,545