Tucows Reports $20 million Net Revenue in Q2 Earnings Call
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:
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Revenue Cost of Revenue
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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)
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OpenSRS:
Domain Services (Traditional Domain Registration)
$14,737 $13,269 $11,944 $10,505
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Email Services 874 1,551 153 (24)
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Other Services 1,092 1,137 411 415
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Total OpenSRS Services
16,703 15,957 12,508 10,896
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YummyNames (Domain Portfolio Services)
1,456 1,873 251 181
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Hover (Retail Services)
1,259 2,046 475 577
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Butterscotch (Content Services)
604 574 1 6
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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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