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08|14|2009 01:44 pm EDT

Tucows Reports $20 million Net Revenue in Q2 Earnings Call

by Chad Kettner in Categories: Up to the Minute

Tucows reported impressive financial results for the second quarter of 2009, with $20 million in net revenue and nearly $4.5 million in net income. While the revenue numbers are very similar to Q2 2008, the net income is more than double last year’s Q2 results.

The summary of Revenue and Cost of Revenue before network costs looks like this:

-------------------------------------------------------------------------
                         Revenue                  Cost of Revenue
-------------------------------------------------------------------------
             3 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended
              Jun. 30, 2009  Jun. 30, 2008  Jun. 30, 2009  Jun. 30, 2008
                (unaudited)    (unaudited)    (unaudited)    (unaudited)
-------------------------------------------------------------------------
OpenSRS:
  Domain Services (Traditional Domain Registration)
                   $14,737        $13,269        $11,944         $10,505
-------------------------------------------------------------------------
  Email Services       874          1,551            153             (24)
-------------------------------------------------------------------------
  Other Services     1,092          1,137            411             415
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Total OpenSRS Services
                    16,703         15,957         12,508          10,896
-------------------------------------------------------------------------
YummyNames (Domain Portfolio Services)
                     1,456          1,873            251             181
-------------------------------------------------------------------------
Hover (Retail Services)
                     1,259          2,046            475             577
-------------------------------------------------------------------------
Butterscotch (Content Services)
                       604            574              1               6
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Total              $20,022        $20,450        $13,235         $11,660

“We’re pleased that the strong performance of our OpenSRS wholesale busines has contributed to another quarter of solid financial results amidst generally weak economic conditions,” said Elliot Noss, President and CEO of Tucows. “Even as our industry started to show signs of the economic downturn for the first time, our strong competitive position allowed us to achieve year-over-year growth in domain registrations during the quarter. Our other services are also performing within plan, positioning us well for the remainder of the year.”

You can read the entire conference call transcript here.

[via TucowsInc.com]

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3 Comments

domain report

August 14, 2009 @ 2:50 pm EDT

Tucows stock has increased in volume and price since they announced the third share buyback and these results. A nice trend if you’re a shareholder.

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question

August 16, 2009 @ 9:11 am EDT

What exactly is a “net revenue?”

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