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Note 20 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Condensed Income Statement [Table Text Block]

		Ting				Wavelo				Tucows Domains				Tucows Corporate				Consolidated Totals
Year Ended December 31, 2022
Net Revenues
External Revenues		$	42,425			$	23,632			$	243,158			$	11,927			$	321,142
Intersegment Revenues			-				712				-				(712	)			-
Total Net Revenues			42,425				24,344				243,158				11,215				321,142
Direct cost of revenues			17,004				2,926				166,890				9,448				196,268
Segment Gross Margin			25,421				21,418				76,268				1,767				124,874
Network, other costs																			17,433
Network, depreciation of property and equipment																			27,589
Network, amortization of intangible assets																			1,512
Network, impairment of property and equipment																			92
Gross profit																			78,248
Expenses:
Sales and marketing																			53,937
Technical operations and development																			14,187
General and administrative																			30,845
Depreciation of property and equipment																			598
Loss on disposition of property and equipment																			461
Amortization of intangible assets																			9,882
Loss (gain) on currency forward contracts																			-
Total expenses																			109,910
Income (Loss) from operations																			(31,662	)
Other income (expenses):
Interest expense, net																			(14,456	)
Income earned on sale of transferred assets, net																			18,507
Other expense, net																			(177	)
Total other income (expenses)																			3,874
Income (Loss) before provision for income taxes																		$	(27,788	)
Adjusted EBITDA		$	(21,557	)		$	3,875			$	44,834			$	10,438			$	37,590

		Ting				Wavelo				Tucows Domains				Tucows Corporate				Consolidated Totals
Year Ended December 31, 2021
Net Revenues
External Revenues		$	25,327			$	16,781			$	245,576			$	16,653			$	304,337
Intersegment Revenues			-				-				-				-				-
Total Net Revenues			25,327				16,781				245,576				16,653				304,337
Direct cost of revenues			12,035				1,308				167,488				12,208				193,039
Segment Gross Margin			13,292				15,473				78,088				4,445				111,298
Network, other costs																			14,769
Network, depreciation of property and equipment																			17,452
Network, amortization of intangible assets																			583
Network, impairment of property and equipment																			201
Gross profit																			78,293
Expenses:
Sales and marketing																			39,471
Technical operations and development																			14,310
General and administrative																			22,370
Depreciation of property and equipment																			534
Loss (gain) on disposition of property and equipment																			234
Amortization of intangible assets																			9,424
Impairment of definite life intangible assets																			(277	)
Gain on currency forward contracts																			-
Total expenses																			86,066
Income (Loss) from operations																			(7,773	)
Other income (expenses):
Interest expense, net																			(4,617	)
Gain on sale of Ting customer assets, net																			20,030
Other expense, net																			(370	)
Total other income (expenses)																			15,043
Income (Loss) before provision for income taxes																		$	7,270
Adjusted EBITDA		$	(18,778	)		$	7,334			$	47,765			$	12,500			$	48,821

		Ting				Wavelo				Tucows Domains				Tucows Corporate				Consolidated Totals
Year Ended December 31, 2020
Net Revenues
External Revenues		$	17,151			$	1,839			$	242,254			$	49,958			$	311,202
Intersegment Revenues			-				-				-				-				-
Total Net Revenues			17,151				1,839				242,254				49,958				311,202
Direct cost of revenues			6,856				183				167,451				25,911				200,401
Segment Gross Margin			10,295				1,656				74,803				24,047				110,801
Network, other costs																			10,194
Network, depreciation of property and equipment																			12,144
Network, amortization of intangible assets																			1,340
Network, impairment of property and equipment																			1,638
Gross profit																			85,485
Expenses:
Sales and marketing																			34,274
Technical operations and development																			12,427
General and administrative																			20,268
Depreciation of property and equipment																			488
Loss (gain) on disposition of property and equipment																			(17	)
Amortization of intangible assets																			10,080
Impairment of definite life intangible assets																			1,431
Gain on currency forward contracts																			(383	)
Total expenses																			78,568
Income (Loss) from operations																			6,917
Other income (expenses):
Interest expense, net																			(3,611	)
Gain on sale of Ting customer assets, net																			7,612
Other expense, net																			(158	)
Total other income (expenses)																			3,843
Income (Loss) before provision for income taxes																		$	10,760
Adjusted EBITDA		$	(6,349	)		$	(5,381	)		$	46,158			$	16,545			$	50,973

Reconciliation of Income before Provision for Income Taxes to Adjusted EBITDA		Twelve months ended December 31,
(In Thousands of US Dollars)		2022				2021				2020
Net Income for the period		$	(27,571	)		$	3,364			$	5,775
Less:
Provision for income taxes			(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			-				-				1,431
Write-down on disposal of Ting Mobile customer assets			-				-				3,513
Interest expense, net			14,456				4,617				3,611
Accretion of contingent liability			248				383				344
Stock-based compensation			7,599				4,592				3,718
Unrealized loss (gain) on change in fair value of foreign currency forward contracts			-				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

Summary of Cost of Revenues from Each Significant Revenue Stream By Segment [Table Text Block]

		2022				2021					2020
Ting:
Fiber Internet Services		$	17,004			$	12,035			$	6,856
Wavelo:
Platform Services			1,294				504				183
Other professional services			1,632				804				-
Total Wavelo			2,926				1,308				183
Tucows Domains:
Wholesale
Domain Services			147,894				147,213				146,788
Value Added Services			2,514				2,544				3,016
Total Wholesale			150,408				149,757				149,804
Retail			16,482				17,731				17,647
Total Tucows Domains			166,890				167,488				167,451
Tucows Corporate:
Mobile Services and eliminations			9,448				12,208				25,911
Network Expenses:
Network, other costs			17,433				14,769				10,194
Network, depreciation and amortization costs			29,101				18,035				13,484
Network, impairment			92				201				1,638
Total Network Expenses			46,626				33,005				25,316
		$	242,894			$	226,044			$	225,717

Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]

		December 31, 2022				December 31, 2021
Canada		$	1,240			$	1,994
United States			280,219				170,630
Europe			36				38
		$	281,495			$	172,662

Schedule of Acquired Intangible Assets by Major Class [Table Text Block]

		December 31, 2022				December 31, 2021
Canada		$	2,736			$	1,386
United States			24,770				36,732
		$	27,506			$	38,118

Schedule of Deferred Tax Asset Net By Geographic Region [Table Text Block]

		December 31, 2022				December 31, 2021
Canada		$	-			$	22
		$	-			$	22

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
Year Ended December 31, 2022		$	541			$	152			$	-			$	693
Year Ended December 31, 2021		$	222			$	319			$	-			$	541

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