Tucows shows An Excellent Quarter's Results
On February 14,2018 Scotiabank reports what Tucows calls their fourth quarter and annual 2018 results.This would seem to be early results for the first quarter or late results for Q4 2017.But Tucows' results for the fourth quarter were already reported and analyzed in Workathon on February20,2017.This appears to this blog to be a restated Q4 and 2017 results.But it is quite an improvement!
Fourth Quarter Results
Revenue was reported at $90 million up from $48 million in Q4 2016.Net income was $11 million up from $2.8 million in 2016.Earnings per share were $1.06 up 293% from $.27 in 2016.And adjusted EBITDA was up108% to $15.3 million.These are not only amazing results but quite an improvement over the results shown earlier.These quarterly results are even on a trajectory above that shown for the entire year of 2017 which were quite good.For example, 2017 e.p.s at $2.12 were 39% above 2016 at $1.53 per share.But e.p.s for Q4 were $1.06 or 293% above the $.27 reported for Q4 2016.This blog has accused Tucows of being eclectic or having it's hand in too many companies.But it is clear now that Tucows has managed this situation and found a way to get amazing synergies.
The Next Tier for Tucows
It is rare for a company to have such a large change in quarterly results in the space of a few months.This does indicate that Tucows still has a loose-knit organization and quite a few operating subsidiaries.That aside Tucows is showing excellent revenue and earning's growth and most if not all subsidiaries are profitable.This blog would like to see a split-off of their hardware operation (Ting mobile and Ting Internet) so it could get more attention.This new spin-off would be 100% owned.Tucows seems to put more attention on it's software operations which focuses on it's domaine names.
But in addition, Tucows could be ready to take on a major acquisition now; it's earnings growth is stellar.This blog suggests two possible choices,namely, Exfo Optical or Mediagrif.Both are internet related stocks and should fit in easily with Tucow's business model.But this blog suggests small positions in either and picking up some dividends before "taking the plunge".Ideally they could put 2 members on the board before going further.This would make 3 centres of operation - their software operation, their enhanced Ting operation and the new acquisition.3 penguins just as shown above. use Blogdaleupsome for analysis of junior tech. cos. ; Use Blogdaleupsome for business solutions ; Use Blogdaleupsome for financial consulting
Fourth Quarter Results
Revenue was reported at $90 million up from $48 million in Q4 2016.Net income was $11 million up from $2.8 million in 2016.Earnings per share were $1.06 up 293% from $.27 in 2016.And adjusted EBITDA was up108% to $15.3 million.These are not only amazing results but quite an improvement over the results shown earlier.These quarterly results are even on a trajectory above that shown for the entire year of 2017 which were quite good.For example, 2017 e.p.s at $2.12 were 39% above 2016 at $1.53 per share.But e.p.s for Q4 were $1.06 or 293% above the $.27 reported for Q4 2016.This blog has accused Tucows of being eclectic or having it's hand in too many companies.But it is clear now that Tucows has managed this situation and found a way to get amazing synergies.
The Next Tier for Tucows
It is rare for a company to have such a large change in quarterly results in the space of a few months.This does indicate that Tucows still has a loose-knit organization and quite a few operating subsidiaries.That aside Tucows is showing excellent revenue and earning's growth and most if not all subsidiaries are profitable.This blog would like to see a split-off of their hardware operation (Ting mobile and Ting Internet) so it could get more attention.This new spin-off would be 100% owned.Tucows seems to put more attention on it's software operations which focuses on it's domaine names.
But in addition, Tucows could be ready to take on a major acquisition now; it's earnings growth is stellar.This blog suggests two possible choices,namely, Exfo Optical or Mediagrif.Both are internet related stocks and should fit in easily with Tucow's business model.But this blog suggests small positions in either and picking up some dividends before "taking the plunge".Ideally they could put 2 members on the board before going further.This would make 3 centres of operation - their software operation, their enhanced Ting operation and the new acquisition.3 penguins just as shown above. use Blogdaleupsome for analysis of junior tech. cos. ; Use Blogdaleupsome for business solutions ; Use Blogdaleupsome for financial consulting
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