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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

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-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Topic 310
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-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
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-Publisher FASB
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