Tucows Reports Q4 Loss Amidst Revenue Decline
Internet services provider Tucows Inc. (TCX) announced a $45.3 million loss for its fourth quarter. On a per-share basis, the loss amounted to $4.11. After adjusting for non-recurring expenses, the company reported a loss of $1.43 per share.
Revenue for the quarter stood at $93.1 million. For the full year, Tucows incurred a loss of $112.7 million, or $10.27 per share, while revenue reached $362.3 million.
The company's stock price experienced a 1.34% uptick following the announcement.