Tucows (TCX)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	91.09 mm	91.09 mm	91.09 mm	91.09 mm	91.09 mm	91.09 mm
Cash burn (monthly)	(no burn)	2.61 mm	6.41 mm	7.17 mm	1.52 mm	495.58 k
Cash used (since last report)	n/a	10.50 mm	25.77 mm	28.83 mm	6.12 mm	1.99 mm
Cash remaining	n/a	80.59 mm	65.32 mm	62.26 mm	84.97 mm	89.10 mm
Runway (months of cash)	n/a	30.9	10.2	8.7	55.9	179.8

Beta Read what these cash burn values mean

Financial data from Tucows earnings reports.

Institutional ownership, Q3 2024

TCX institutional ownership history Ownership history

69.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	61	61	–
Opened positions	6	10	-40.0%
Closed positions	6	6	–
Increased positions	21	14	+50.0%
Reduced positions	20	24	-16.7%

13F shares	Current	Prev Q	Change
Total value	158.89 bn	145.83 bn	+9.0%
Total shares	7.69 mm	7.73 mm	-0.5%
Total puts	287.60 k	194.80 k	+47.6%
Total calls	80.10 k	81.10 k	-1.2%
Total put/call ratio	3.6	2.4	+49.5%

Largest owners	Shares	Value	Change
EdgePoint Investment	2.11 mm	$43.74 bn	0.0%
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV	2.01 mm	$42.08 bn	0.0%
Blacksheep Fund Management	910.23 k	$19.01 bn	-0.5%
Vanguard	709.17 k	$14.81 bn	+1.1%
BlackRock	587.00 k	$12.26 bn	NEW
Geode Capital Management	200.26 k	$4.18 bn	+2.8%
STT State Street	189.23 k	$3.95 bn	+0.1%
Renaissance Technologies	165.15 k	$3.45 bn	-4.0%
Baader Bank	163.45 k	$3.41 bn	-0.0%
NTRS Northern Trust	77.61 k	$1.62 bn	-9.9%

Largest transactions	Shares	Bought/sold	Change
BlackRock	587.00 k	+587.00 k	NEW
BLK BlackRock	0.00	-585.36 k	EXIT
Van Berkom & Associates	0.00	-91.88 k	EXIT
Susquehanna International	56.93 k	+26.91 k	+89.6%
Gsa Capital Partners	35.22 k	-17.26 k	-32.9%
Simplex Trading	16.24 k	+15.63 k	+2558.3%
GS The Goldman Sachs Group, Inc.	14.38 k	+14.38 k	NEW
MS Morgan Stanley	44.56 k	+13.60 k	+43.9%
HRT Financial	0.00	-12.98 k	EXIT
BCS Barclays	11.39 k	+8.59 k	+307.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TCX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	17.12	100	1.71 k	479,258
24 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	16.91	2,000	33.82 k	479,358
23 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	16.48	500	8.24 k	481,358
22 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	16.22	2,000	32.44 k	481,858
15 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	16.57	200	3.31 k	483,858
13 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	16.32	100	1.63 k	484,058
8 Jan 25	Noss Elliot	Common Stock	Sell	Dispose S	No	Yes	16.79	1,100	18.47 k	484,158

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Tucows Q3 EPS $(2.03) Up From $(2.09) YoY, Sales $92.30M Up From $86.97M YoY

7 Nov 24

Tucows (NASDAQ:TCX) reported quarterly losses of $(2.03) per share. This is a 2.87 percent increase over losses of $(2.09) per share from the same period last year. The company reported $92.30 million in sales this

Press releases

From Benzinga Pro

Tucows Announces Timing for Q4 2024 Financial Results News Release and Management Commentary

30 Jan 25

TORONTO, Jan. 30, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ:TCX) (TSX:TC) today announced that it will report its financial results for the fourth quarter ended December 31, 2024, via news release on Thursday, February 13,

Tucows Reports Financial Results for Third Quarter 2024

7 Nov 24

TORONTO, Nov. 7, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ:TCX) (TSX:TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2024. All figures are in U.S.