Tucows net revenue and income slid

Digital Pandit

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Tucows Inc. (NASDAQ:TCX, TSX:TC) reported its financial results for the first quarter ended March 31, 2019. All figures are in U.S. dollars.

  1. Tucows first quarter 2019 results include 13 days of contribution of Ascio Technologies (“Ascio”), which the Company acquired on March 18, 2019.
  2. Net revenue for the first quarter of 2018 included the recognition of $14.6 million in accelerated revenue related to the bulk transfer of nearly 2.65 million very low-margin domain names during that period.
  3. This Non-GAAP financial measure is described below and reconciled to GAAP net income in the accompanying table.
  4. Adjusted EBITDA for the first quarter of 2019 reflects the impact of the purchase price accounting adjustment related to the fair value write down of deferred revenue from the Ascio acquisition on March 18, 2019, which lowered Adjusted EBITDA by $0.2 million.
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