Tucows Historical Income Statement

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Historical analysis of Tucows income statement accounts such as Gross Profit of 114.3 M, Other Operating Expenses of 423.1 M, Cost Of Revenue of 242 M or Total Operating Expenses of 181.1 M can show how well Tucows Inc performed in making a profits. Evaluating Tucows income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Tucows's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Tucows Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tucows Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Tucows Income Statement Analysis

Tucows Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Tucows shareholders. The income statement also shows Tucows investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Tucows Income Statement Chart

At this time, Tucows' Cost Of Revenue is very stable compared to the past year. As of the 3rd of December 2024, Total Operating Expenses is likely to grow to about 181.1 M, though Operating Income is likely to grow to (60.5 M).

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Tucows Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Tucows Inc minus its cost of goods sold. It is profit before Tucows operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tucows Inc. It is also known as Tucows overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Tucows' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Tucows Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Gross Profit	78.3M	78.2M	108.9M	114.3M
Total Revenue	304.3M	321.1M	339.3M	356.3M

Gross Profit Total Revenue

Tucows income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.89	0.97	0.78	0.8	0.9	-0.75	-0.74	-0.22	0.76	0.97	-0.76	-0.6	-0.77	0.28	0.13	0.98	-0.8	-0.6	-0.9	-0.89	0.79	0.92	-0.86
Interest Expense	0.89		0.87	0.57	0.66	0.74	-0.86	-0.85	-0.48	0.52	0.95	-0.94	-0.88	-0.95	0.29	-0.33	0.9	-0.96	-0.38	-0.93	-1.0	0.54	0.8	-0.59
Selling General Administrative	0.97	0.87		0.71	0.74	0.84	-0.77	-0.76	-0.27	0.68	0.95	-0.77	-0.6	-0.79	0.29	0.12	0.95	-0.79	-0.6	-0.87	-0.87	0.75	0.9	-0.83
Total Revenue	0.78	0.57	0.71		0.97	0.97	-0.19	-0.17	0.41	1.0	0.77	-0.27	-0.36	-0.3	0.57	0.33	0.83	-0.36	-0.84	-0.63	-0.56	0.92	0.62	-0.8
Gross Profit	0.8	0.66	0.74	0.97		0.96	-0.26	-0.23	0.33	0.95	0.82	-0.37	-0.51	-0.41	0.69	0.16	0.87	-0.45	-0.85	-0.66	-0.65	0.88	0.62	-0.79
Other Operating Expenses	0.9	0.74	0.84	0.97	0.96		-0.42	-0.4	0.18	0.96	0.89	-0.48	-0.51	-0.51	0.5	0.23	0.94	-0.56	-0.79	-0.78	-0.74	0.91	0.76	-0.85
Operating Income	-0.75	-0.86	-0.77	-0.19	-0.26	-0.42		1.0	0.81	-0.16	-0.76	0.97	0.68	0.96	0.12	0.29	-0.69	0.95	0.04	0.83	0.87	-0.25	-0.78	0.44
Ebit	-0.74	-0.85	-0.76	-0.17	-0.23	-0.4	1.0		0.82	-0.14	-0.74	0.96	0.66	0.95	0.15	0.28	-0.67	0.94	0.02	0.81	0.85	-0.24	-0.77	0.42
Ebitda	-0.22	-0.48	-0.27	0.41	0.33	0.18	0.81	0.82		0.43	-0.26	0.75	0.45	0.72	0.44	0.53	-0.15	0.68	-0.48	0.41	0.49	0.33	-0.32	-0.12
Cost Of Revenue	0.76	0.52	0.68	1.0	0.95	0.96	-0.16	-0.14	0.43		0.73	-0.22	-0.3	-0.25	0.52	0.39	0.81	-0.31	-0.83	-0.6	-0.52	0.92	0.61	-0.79
Total Operating Expenses	0.97	0.95	0.95	0.77	0.82	0.89	-0.76	-0.74	-0.26	0.73		-0.81	-0.75	-0.84	0.4	-0.07	0.99	-0.86	-0.59	-0.93	-0.95	0.74	0.87	-0.78
Income Before Tax	-0.76	-0.94	-0.77	-0.27	-0.37	-0.48	0.97	0.96	0.75	-0.22	-0.81		0.85	1.0	-0.04	0.45	-0.73	0.99	0.09	0.86	0.94	-0.3	-0.74	0.42
Total Other Income Expense Net	-0.6	-0.88	-0.6	-0.36	-0.51	-0.51	0.68	0.66	0.45	-0.3	-0.75	0.85		0.86	-0.36	0.68	-0.67	0.85	0.19	0.73	0.88	-0.32	-0.5	0.29
Net Income	-0.77	-0.95	-0.79	-0.3	-0.41	-0.51	0.96	0.95	0.72	-0.25	-0.84	1.0	0.86		-0.1	0.44	-0.76	0.99	0.14	0.86	0.95	-0.32	-0.75	0.45
Income Tax Expense	0.28	0.29	0.29	0.57	0.69	0.5	0.12	0.15	0.44	0.52	0.4	-0.04	-0.36	-0.1		-0.11	0.43	-0.13	-0.66	-0.12	-0.28	0.42	0.15	-0.41
Research Development	0.13	-0.33	0.12	0.33	0.16	0.23	0.29	0.28	0.53	0.39	-0.07	0.45	0.68	0.44	-0.11		0.04	0.42	-0.37	0.15	0.33	0.43	0.17	-0.47
Selling And Marketing Expenses	0.98	0.9	0.95	0.83	0.87	0.94	-0.69	-0.67	-0.15	0.81	0.99	-0.73	-0.67	-0.76	0.43	0.04		-0.79	-0.68	-0.9	-0.9	0.79	0.87	-0.81
Net Income From Continuing Ops	-0.8	-0.96	-0.79	-0.36	-0.45	-0.56	0.95	0.94	0.68	-0.31	-0.86	0.99	0.85	0.99	-0.13	0.42	-0.79		0.17	0.88	0.97	-0.35	-0.78	0.48
Non Recurring	-0.6	-0.38	-0.6	-0.84	-0.85	-0.79	0.04	0.02	-0.48	-0.83	-0.59	0.09	0.19	0.14	-0.66	-0.37	-0.68	0.17		0.46	0.38	-0.74	-0.51	0.65
Tax Provision	-0.9	-0.93	-0.87	-0.63	-0.66	-0.78	0.83	0.81	0.41	-0.6	-0.93	0.86	0.73	0.86	-0.12	0.15	-0.9	0.88	0.46		0.93	-0.6	-0.83	0.58
Net Interest Income	-0.89	-1.0	-0.87	-0.56	-0.65	-0.74	0.87	0.85	0.49	-0.52	-0.95	0.94	0.88	0.95	-0.28	0.33	-0.9	0.97	0.38	0.93		-0.55	-0.82	0.6
Interest Income	0.79	0.54	0.75	0.92	0.88	0.91	-0.25	-0.24	0.33	0.92	0.74	-0.3	-0.32	-0.32	0.42	0.43	0.79	-0.35	-0.74	-0.6	-0.55		0.67	-0.88
Reconciled Depreciation	0.92	0.8	0.9	0.62	0.62	0.76	-0.78	-0.77	-0.32	0.61	0.87	-0.74	-0.5	-0.75	0.15	0.17	0.87	-0.78	-0.51	-0.83	-0.82	0.67		-0.8
Extraordinary Items	-0.86	-0.59	-0.83	-0.8	-0.79	-0.85	0.44	0.42	-0.12	-0.79	-0.78	0.42	0.29	0.45	-0.41	-0.47	-0.81	0.48	0.65	0.58	0.6	-0.88	-0.8

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Tucows Account Relationship Matchups

Tucows income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	19.3M	24.1M	28.0M	39.6M	46.6M	49.0M
Interest Expense	4.8M	3.6M	4.6M	14.5M	35.0M	36.8M
Selling General Administrative	17.9M	20.3M	22.4M	30.8M	33.4M	35.1M
Total Revenue	337.1M	311.2M	304.3M	321.1M	339.3M	356.3M
Gross Profit	100.8M	85.5M	78.3M	78.2M	108.9M	114.3M
Other Operating Expenses	307.9M	303.3M	312.2M	352.3M	403.0M	423.1M
Operating Income	29.3M	6.9M	(8.2M)	(31.4M)	(63.7M)	(60.5M)
Ebit	29.3M	9.6M	(7.6M)	(31.4M)	(58.8M)	(55.9M)
Ebitda	48.6M	33.6M	20.4M	8.2M	(12.2M)	(11.6M)
Cost Of Revenue	236.4M	225.7M	226.0M	242.9M	230.5M	242.0M
Total Operating Expenses	71.6M	77.5M	86.1M	109.4M	172.5M	181.1M
Income Before Tax	24.6M	10.8M	7.3M	(27.8M)	(103.1M)	(97.9M)
Total Other Income Expense Net	(4.8M)	3.8M	15.0M	3.6M	(39.4M)	(37.4M)
Net Income	15.4M	5.8M	3.4M	(27.6M)	(96.2M)	(91.4M)
Income Tax Expense	9.2M	5.0M	3.9M	(217K)	6.9M	7.2M
Research Development	9.7M	12.4M	14.3M	14.2M	622K	590.9K
Selling And Marketing Expenses	34.3M	34.3M	39.5M	53.9M	67.8M	71.2M
Net Income From Continuing Ops	15.4M	5.8M	3.4M	(27.6M)	(86.3M)	(82.0M)
Net Income Applicable To Common Shares	15.4M	5.8M	3.4M	(27.6M)	(24.8M)	(23.6M)
Tax Provision	9.2M	5.0M	3.9M	(217K)	(6.6M)	(6.2M)
Net Interest Income	(4.8M)	(3.6M)	(4.6M)	(14.5M)	(35.0M)	(33.3M)
Interest Income	3.6M	3.7M	4.8M	3.6M	4.2M	3.5M
Reconciled Depreciation	19.3M	24.1M	28.0M	39.6M	45.9M	28.9M

Pair Trading with Tucows

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tucows position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tucows will appreciate offsetting losses from the drop in the long position's value.

Moving against Tucows Stock

0.81	FFH	Fairfax Financial	Pair Corr
0.77	FFH-PM	Fairfax Financial	Pair Corr
0.74	TPX-B	Molson Coors Canada	Pair Corr
0.7	ELF	E L Financial	Pair Corr
0.7	FFH-PD	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to Tucows could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tucows when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tucows - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tucows Inc to buy it.

The correlation of Tucows is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tucows moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tucows Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tucows can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Tucows Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tucows' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tucows Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tucows Inc Stock:

How To Invest In Tucows

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Is Tucows Stock a good investment?

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What is Tucows' Net Worth?

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You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Please note, there is a significant difference between Tucows' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tucows is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tucows' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tucows Historical Income Statement

About Tucows Income Statement Analysis

Tucows Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Tucows income statement Correlations

Tucows Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tucows income statement Accounts

Pair Trading with Tucows

Moving against Tucows Stock

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Cost Of Revenue	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Net Income	+ 1.0	Income Before Tax
Selling And Marketing Expenses	+ 0.99	Total Operating Expenses
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Net Income

Net Interest Income	- 1.0	Interest Expense
Net Income From Continuing Ops	- 0.96	Interest Expense
Net Interest Income	- 0.95	Total Operating Expenses
Net Income	- 0.95	Interest Expense
Income Before Tax	- 0.94	Interest Expense
Tax Provision	- 0.93	Total Operating Expenses