Tucows Inc. (TCX)

Tucows Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	339.34	321.14	304.34	311.2	337.15
Revenue Growth (YoY)	5.67%	5.52%	-2.21%	-7.69%	-2.56%
Cost of Revenue	272.67	242.89	226.04	225.72	236.37
Gross Profit	66.67	78.25	78.29	85.49	100.78
Selling, General & Admin	101.21	84.78	61.84	54.54	52.15
Research & Development	19.22	14.19	14.31	12.43	9.72
Other Operating Expenses	9.89	10.48	9.68	11.62	9.5
Operating Expenses	130.32	109.45	85.83	78.59	71.36
Operating Income	-63.65	-31.2	-7.54	6.9	29.41
Interest Expense / Income	41.77	14.46	4.62	3.61	4.77
Other Expense / Income	-2.35	-17.87	-19.43	-7.47	0.07
Pretax Income	-103.07	-27.79	7.27	10.76	24.57
Income Tax	-6.87	-0.22	3.91	4.99	9.17
Net Income	-96.2	-27.57	3.36	5.78	15.4
Net Income Growth	-	-	-41.75%	-62.50%	-10.14%
Shares Outstanding (Basic)	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11
Shares Change	0.88%	-0.45%	1.17%	-0.75%	-0.20%
EPS (Basic)	-8.85	-2.56	0.32	0.55	1.45
EPS (Diluted)	-8.85	-2.56	0.31	0.54	1.43
EPS Growth	-	-	-42.59%	-62.24%	-10.06%
Free Cash Flow	-97.35	-117.62	-43.8	-8.43	-7.26
Free Cash Flow Per Share	-8.96	-10.92	-4.11	-0.80	-0.68
Gross Margin	19.65%	24.37%	25.73%	27.47%	29.89%
Operating Margin	-18.76%	-9.72%	-2.48%	2.22%	8.72%
Profit Margin	-28.35%	-8.59%	1.11%	1.86%	4.57%
Free Cash Flow Margin	-28.69%	-36.62%	-14.39%	-2.71%	-2.15%
Effective Tax Rate	-	-	53.73%	46.33%	37.33%
EBITDA	-14.04	26.25	39.88	38.42	48.63
EBITDA Margin	-4.14%	8.17%	13.10%	12.35%	14.43%
Depreciation & Amortization	47.26	39.58	27.99	24.05	19.29
EBIT	-61.3	-13.33	11.89	14.37	29.34
EBIT Margin	-18.06%	-4.15%	3.91%	4.62%	8.70%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).