v3.25.1
Note 13 - Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
  

Ting

  

Wavelo

  

Tucows Domains

  

Consolidated Totals

 

For the Three Months Ended March 31, 2025

                
                 

Revenue from external customers

 $16,315  $10,952  $65,255  $92,522 

Intersegment revenues (1)

  -   444   -   444 

Total net revenues

  16,315   11,396   65,255   92,966 

Less:

                

Cost of revenues

  4,519   137   45,040   49,696 

Network, other costs (2)

  2,316   2,251   1,654   6,221 

Sales and marketing

  4,585   2,326   3,563   10,474 

Technical operations and development

  460   1,694   2,154   4,308 

General and administrative

  5,214   1,017   1,380   7,611 

Other segment items (3)

  75   (478)  (76)  (479)

Segment Adjusted EBITDA

 $(854) $4,449  $11,540  $15,135 
  

Ting

  

Wavelo

  

Tucows Domains

  

Consolidated Totals

 

For the Three Months Ended March 31, 2024

                
                 
                 

Revenue from external customers

 $14,102  $9,191  $61,882  $85,175 

Intersegment revenues (1)

  -   199   -   199 

Total net revenues

  14,102   9,390   61,882   85,374 

Less:

                

Cost of revenues

  3,216   351   43,346   46,913 

Network, other costs (2)

  4,656   2,495   1,871   9,022 

Sales and marketing

  12,924   1,671   3,368   17,963 

Technical operations and development

  819   1,826   1,854   4,499 

General and administrative

  4,644   889   1,632   7,165 

Other segment items (3)

  (2,620)  (629)  (200)  (3,449)

Segment Adjusted EBITDA

 $(9,537) $2,787  $10,011  $3,261 
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]

Reconciliation of Segment Adjusted EBITDA to Net loss before tax

 

Three Months Ended March 31,

 

(In Thousands of US Dollars)

 

2025

  

2024

 
         

Segment Adjusted EBITDA

 $15,135  $3,261 

Reconciling items:

        

Corporate and other (1)

  (1,464)  941 

Depreciation of property and equipment

  (10,460)  (9,987)

Impairment and loss on disposition of property and equipment

  (204)  (53)

Amortization of intangible assets

  (1,205)  (1,679)

Interest expense, net

  (13,613)  (11,879)

Stock-based compensation

  (1,505)  (1,873)

Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities

  364   (390)

Acquisition and other costs (2)

  (15)  (3,051)
         

Net loss before ta

 $(12,967) $(24,710)
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]
  March 31, 2025  December 31, 2024 
         

Canada

 $799  $897 

United States

  321,593   330,148 

Europe

  4   4 
  $322,396  $331,049 
Schedule of Acquired Intangible Assets by Major Class [Table Text Block]
  March 31, 2025  December 31, 2024 
         

Canada

 $1,115  $1,258 

United States

  10,163   11,225 
  $11,278  $12,483 
Financing Receivable, Allowance for Credit Loss [Table Text Block]

Expected credit losses (ECL)

 

Balance at beginning of period

  

Increase in ECL provision

  

Write-offs during period

  

Balance at end of the period

 
                 

Three Months Ended March 31, 2025

 $923  $101  $(16)  1,008 

Twelve months ended December 31, 2024

 $511  $412  $-   923