XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Note 13 - Segment Reporting (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Notes Tables |
Condensed Income Statement [Table Text Block] |
Reconciliation of Loss before Provision for Income Taxes to Adjusted EBITDA |  | Three Months Ended March 31, |
(In Thousands of US Dollars) |  | 2024 |  |  | 2023 |
Net Loss for the period |  | $ | (26,484 | ) |  | $ | (19,083 | )
Less: |  |  |  |  |  |  |  |
Provision (recovery) for income taxes |  |  | 1,774 |  |  |  | (1,710 | )
Depreciation of property and equipment |  |  | 9,987 |  |  |  | 8,588 |
Impairment and loss on disposition of property and equipment |  |  | 53 |  |  |  | 1,942 |
Amortization of intangible assets |  |  | 1,679 |  |  |  | 2,872 |
Interest expense, net |  |  | 11,879 |  |  |  | 7,880 |
Stock-based compensation |  |  | 1,873 |  |  |  | 2,246 |
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities |  |  | 390 |  |  |  | 40 |
Acquisition and other costs1 |  |  | 3,051 |  |  |  | 255 |
Adjusted EBITDA |  | $ | 4,202 |  |  | $ | 3,030 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Tucows Corporate |  |  | Consolidated Totals |
For the Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 14,102 |  |  | $ | 9,191 |  |  | $ | 61,882 |  |  | $ | 2,282 |  |  | $ | 87,457 |
Intersegment revenues |  |  | - |  |  |  | 199 |  |  |  | - |  |  |  | (199 | ) |  |  | - |
Total net revenues |  |  | 14,102 |  |  |  | 9,390 |  |  |  | 61,882 |  |  |  | 2,083 |  |  |  | 87,457 |
Direct cost of revenues |  |  | 5,360 |  |  |  | 351 |  |  |  | 43,346 |  |  |  | 2,737 |  |  |  | 51,794 |
Segment gross margin |  |  | 8,742 |  |  |  | 9,039 |  |  |  | 18,536 |  |  |  | (654 | ) |  |  | 35,663 |
Network, other costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,064 |
Network, depreciation of property and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,865 |
Network, amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 365 |
Network, impairment of property and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 53 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18,316 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18,565 |
Technical operations and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,016 |
General and administrative |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,818 |
Depreciation of property and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 122 |
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,314 |
Total expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 34,835 |
Loss from operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (16,519 | )
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,879 | )
Income earned on sale of transferred assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,621 |
Other expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 67 |
Total other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,191 | )
Loss before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (24,710 | )
Adjusted EBITDA |  | $ | (9,537 | ) |  | $ | 2,787 |  |  | $ | 10,011 |  |  | $ | 941 |  |  | $ | 4,202 |
|  | Ting |  |  | Wavelo |  |  | Tucows Domains |  |  | Tucows Corporate |  |  | Consolidated Totals |
For the Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 11,853 |  |  | $ | 6,642 |  |  | $ | 59,242 |  |  | $ | 2,693 |  |  | $ | 80,430 |
Intersegment revenues |  |  | - |  |  |  | 658 |  |  |  | - |  |  |  | (658 | ) |  |  | - |
Total net revenues |  |  | 11,853 |  |  |  | 7,300 |  |  |  | 59,242 |  |  |  | 2,035 |  |  |  | 80,430 |
Direct cost of revenues |  |  | 3,985 |  |  |  | 1,026 |  |  |  | 41,721 |  |  |  | 2,558 |  |  |  | 49,290 |
Segment gross margin |  |  | 7,868 |  |  |  | 7,590 |  |  |  | 17,521 |  |  |  | (1,839 | ) |  |  | 31,140 |
Network, other costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,323 |
Network, depreciation of property and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,436 |
Network, amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 378 |
Network, impairment of property and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,942 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,061 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 15,737 |
Technical operations and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,815 |
General and administrative |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,146 |
Depreciation of property and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 152 |
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,494 |
Total expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 31,344 |
Loss from operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (17,283 | )
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,880 | )
Income earned on sale of transferred assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,370 |
Total other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,510 | )
Loss before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (20,793 | )
Adjusted EBITDA |  | $ | (9,273 | ) |  | $ | 335 |  |  | $ | 10,338 |  |  | $ | 1,630 |  |  | $ | 3,030 |
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block] |
|  | March 31, 2024 |  |  | December 31, 2023 |
Canada |  | $ | 891 |  |  | $ | 943 |
United States |  |  | 349,501 |  |  |  | 338,696 |
Europe |  |  | 5 |  |  |  | 5 |
|  | $ | 350,397 |  |  | $ | 339,644 |
Schedule of Acquired Intangible Assets by Major Class [Table Text Block] |
|  | March 31, 2024 |  |  | December 31, 2023 |
Canada |  | $ | 1,709 |  |  | $ | 1,864 |
United States |  |  | 13,913 |  |  |  | 15,341 |
|  | $ | 15,622 |  |  | $ | 17,205 |
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 |
Three Months Ended March 31, 2024 |  | $ | 511 |  |  | $ | 4 |  |  | $ | - |  |  | $ | 515 |
Twelve months ended December 31, 2023 |  | $ | 693 |  |  | $ | - |  |  | $ | (182 | ) |  | $ | 511 |

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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. + References No definition available. + Details
Name: | tcx_ScheduleOfAcquiredIntangibleAssetsByMajorClassTableTextBlock
Namespace Prefix: | tcx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the schedule of property plant and equipment by geographic region table text block. + References No definition available. + Details
Name: | tcx_ScheduleOfPropertyPlantAndEquipmentByGeographicRegionTableTextBlock
Namespace Prefix: | tcx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration