TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain names and other Internet services, today reported its financial results for the second quarter ended June 30, 2020. All figures are in U.S. dollars.
COVID-19:A Tucows shareholders and prospective investors are encouraged to read Tucowsa?? public statement regarding COVID-19, which is available here:
https://bit.ly/2LavpOc.
Summary Financial Results
(In Thousands of US Dollars, Except Per Share Data)
A 3 Months ended June 30
6 Months ended June 30
2020
(Un-
audited)
2019
(Un-
audited)
% Change
2020
(Un-
audited)
2019
(Un-
audited)
% Change
Net revenue
82,122
84,117
(2.4
%)
166,107
163,070
1.9
%
Gross Profit
22,966
24,507
(6.3
%)
48,116
47,158
2.0
%
Net income
1157
2,616
(94.0
%)
2,991
5,415
(44.8
%)
Basic Net earnings per common share
0.01
0.25
(96.0
%)
0.28
0.51
(45.1
%)
Adjusted EBITDA
212,175
11,486
6.0
%
24,856
20,917
18.8
%
Net cash provided by operating activities
8,939
6,979
28.1
%
23,012
15,970
44.1
%
