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Note 21 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Ting				Wavelo				Tucows Domains				Tucows Corporate and eliminations				Consolidated Totals
Year Ended December 31, 2023
Net revenues
External revenues		$	50,937			$	35,979			$	242,097			$	10,324			$	339,337
Intersegment revenues			-				2,691				-				(2,691	)			-
Total net revenues			50,937				38,670				242,097				7,633				339,337
Direct cost of revenues			20,151				2,626				169,414				10,065				202,256
Segment gross margin			30,786				36,044				72,683				(2,432	)			137,081
Network, other costs																			28,222
Network, depreciation of property and equipment																			35,864
Network, amortization of intangible assets																			1,506
Network, impairment of property and equipment																			4,822
Gross profit																			66,667
Expenses:
Sales and marketing																			67,806
Technical operations and development																			19,217
General and administrative																			33,406
Depreciation of property and equipment																			567
Amortization of intangible assets																			9,323
Loss (gain) on currency forward contracts																			-
Total expenses																			130,319
Loss from operations																			(63,652	)
Other income (expenses):
Interest expense																			(46,256	)
Interest income																			4,485
Loss on debt extinguishment																			(14,680	)
Income earned on sale of transferred assets, net																			17,033
Total other income (expenses)																			(39,418	)
Loss before provision for income taxes																		$	(103,070	)
Adjusted EBITDA		$	(44,151	)		$	10,573			$	42,623			$	6,406			$	15,451

		Ting				Wavelo				Tucows Domains				Tucows Corporate and eliminations				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 (gain) on disposition of property and equipment																			461
Amortization of intangible assets																			9,882
Total expenses																			109,910
Loss from operations																			(31,662	)
Other income (expenses):
Interest expense																			(14,588	)
Interest income																			132
Gain on sale of Ting customer assets, net																			18,507
Other expense, net																			(177	)
Total other income (expenses)																			3,874
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 and eliminations				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																			-
Gain on currency forward contracts																			(277	)
Total expenses																			86,066
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 before provision for income taxes																		$	7,270
Adjusted EBITDA		$	(18,778	)		$	7,334			$	47,765			$	12,500			$	48,821

Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]

Reconciliation of Income before Provision for Income Taxes to Adjusted EBITDA		Twelve months ended December 31,
(In Thousands of US Dollars)		2023				2022				2021
Net Income (Loss) for the period		$	(96,197	)		$	(27,571	)		$	3,364
Less:
Provision for income taxes			(6,873	)			(217	)			3,906
Depreciation of property and equipment			36,431				28,187				17,986
Impairment and loss on disposition of property and equipment			4,822				553				435
Amortization of intangible assets			10,829				11,394				10,007
Interest expense, net			41,771				14,456				4,617
Loss on debt extinguishment			14,680				-				-
Accretion of contingent liability			-				248				383
Stock-based compensation			8,134				7,599				4,592
Unrealized loss (gain) on change in fair value of foreign currency forward contracts			-				-				606
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities			(62	)			281				219
Acquisition and other costs1			1,916				2,660				2,706
Adjusted EBITDA		$	15,451			$	37,590			$	48,821

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

		December 31, 2023				December 31, 2022
Canada		$	943			$	1,240
United States			338,696				280,219
Europe			5				36
		$	339,644			$	281,495

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

		December 31, 2023				December 31, 2022
Canada		$	1,864			$	2,736
United States			15,341				24,770
		$	17,205			$	27,506

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, 2023		$	693			$				$	(182	)		$	511
Year Ended December 31, 2022		$	541			$	152			$	-			$	693

X

- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite and indefinite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

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