2023 Q3 Form 10-Q Financial Statement

#000143774923021981 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $86.97M $84.98M $83.08M
YoY Change 11.43% 2.28% 10.64%
Cost Of Revenue $70.22M $66.95M $61.03M
YoY Change 16.91% 9.69% 7.35%
Gross Profit $16.75M $18.03M $22.05M
YoY Change -6.86% -18.23% 20.91%
Gross Profit Margin 19.26% 21.22% 26.54%
Selling, General & Admin $26.69M $24.10M $20.32M
YoY Change 22.5% 18.64% 39.29%
% of Gross Profit 159.34% 133.67% 92.13%
Research & Development $4.818M $4.581M $3.465M
YoY Change 61.52% 32.21% 9.31%
% of Gross Profit 28.76% 25.4% 15.71%
Depreciation & Amortization $9.275M $8.907M $9.578M
YoY Change 27.32% -7.01% 127.45%
% of Gross Profit 55.36% 49.4% 43.43%
Operating Expenses $33.92M $31.13M $26.39M
YoY Change 23.94% 17.96% 30.19%
Operating Profit -$17.17M -$13.10M -$4.340M
YoY Change 83.0% 201.87% 113.37%
Interest Expense -$10.77M -$10.57M -$2.422M
YoY Change 148.33% 336.37% 127.2%
% of Operating Profit
Other Income/Expense, Net -$6.427M -$20.89M -$50.00K
YoY Change -1823.06% 41684.0% -101.34%
Pretax Income -$23.60M -$34.00M -$2.387M
YoY Change 161.99% 1324.38% -241.41%
Income Tax -$822.0K -$3.025M $738.0K
% Of Pretax Income
Net Earnings -$22.77M -$30.97M -$3.125M
YoY Change 185.33% 890.98% -272.94%
Net Earnings / Revenue -26.18% -36.44% -3.76%
Basic Earnings Per Share -$2.09 -$2.86 -$0.29
Diluted Earnings Per Share -$2.09 -$2.86 -$290.3K
COMMON SHARES
Basic Shares Outstanding 10.86M 10.83M 10.76M
Diluted Shares Outstanding 10.87M 10.84M 10.77M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.7M $147.9M $6.510M
YoY Change 262.88% 2171.34% -10.31%
Cash & Equivalents $110.7M $147.9M $6.510M
Short-Term Investments
Other Short-Term Assets $119.8M $123.2M $117.3M
YoY Change 4.2% 5.0% -0.17%
Inventory $7.788M $7.800M $4.796M
Prepaid Expenses
Receivables $24.19M $23.51M $22.48M
Other Receivables $500.0K $1.818M $2.274M
Total Short-Term Assets $266.3M $308.7M $153.3M
YoY Change 54.56% 101.32% 4.72%
LONG-TERM ASSETS
Property, Plant & Equipment $330.9M $319.4M $244.7M
YoY Change 30.18% 30.55% 69.68%
Goodwill $130.4M $130.4M
YoY Change 0.0%
Intangibles $32.10M $34.69M $44.84M
YoY Change -23.56% -22.63% 5.02%
Long-Term Investments $2.000M $2.012M $2.012M
YoY Change -0.6% 0.0% 0.0%
Other Assets $24.10M $24.25M $17.90M
YoY Change 36.81% 35.48% -4.49%
Total Long-Term Assets $547.6M $534.6M $441.4M
YoY Change 15.73% 21.12% 30.93%
TOTAL ASSETS
Total Short-Term Assets $266.3M $308.7M $153.3M
Total Long-Term Assets $547.6M $534.6M $441.4M
Total Assets $813.9M $843.3M $594.7M
YoY Change 26.09% 41.8% 22.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.68M $11.96M $28.18M
YoY Change -36.99% -57.57% 279.26%
Accrued Expenses $23.10M $27.41M $21.69M
YoY Change 34.31% 26.33% 54.92%
Deferred Revenue $128.1M $128.9M
YoY Change 2.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $226.4M
YoY Change
Total Short-Term Liabilities $188.4M $194.1M $423.8M
YoY Change 1.3% -54.19% 148.28%
LONG-TERM LIABILITIES
Long-Term Debt $551.0M $553.4M $0.00
YoY Change 130.7% -100.0%
Other Long-Term Liabilities $38.30M $35.12M $36.22M
YoY Change -3.01% 904.02%
Total Long-Term Liabilities $589.3M $588.5M $36.22M
YoY Change 1524.96% 904.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $188.4M $194.1M $423.8M
Total Long-Term Liabilities $589.3M $588.5M $36.22M
Total Liabilities $783.8M $792.2M $481.2M
YoY Change 321.51% 64.63% 176.07%
SHAREHOLDERS EQUITY
Retained Earnings -$16.92M $5.848M
YoY Change -124.41%
Common Stock $46.83M $44.45M
YoY Change 28.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.05M $51.11M $113.5M
YoY Change
Total Liabilities & Shareholders Equity $813.9M $843.3M $594.7M
YoY Change 26.09% 41.8% 22.99%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$22.77M -$30.97M -$3.125M
YoY Change 185.33% 890.98% -272.94%
Depreciation, Depletion And Amortization $9.275M $8.907M $9.578M
YoY Change 27.32% -7.01% 127.45%
Cash From Operating Activities -$6.936M -$1.587M $12.58M
YoY Change 588.1% -112.62% 257.48%
INVESTING ACTIVITIES
Capital Expenditures $22.57M $23.16M -$30.29M
YoY Change -51.64% -176.46% -239.83%
Acquisitions
YoY Change
Other Investing Activities -$40.00K -$217.0K -$22.00K
YoY Change 886.36% -98.94%
Cash From Investing Activities -$22.60M -$23.38M -$30.31M
YoY Change -51.57% -22.88% 27.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.638M $172.8M 18.04M
YoY Change -110.66% 857.62% -5.86%
NET CHANGE
Cash From Operating Activities -$6.936M -$1.587M 12.58M
Cash From Investing Activities -$22.60M -$23.38M -30.31M
Cash From Financing Activities -$7.638M $172.8M 18.04M
Net Change In Cash -$37.18M $147.8M 309.0K
YoY Change -254.93% 47738.83% -129.37%
FREE CASH FLOW
Cash From Operating Activities -$6.936M -$1.587M $12.58M
Capital Expenditures $22.57M $23.16M -$30.29M
Free Cash Flow -$29.51M -$24.75M $42.86M
YoY Change -38.12% -157.73% -336.26%

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GeneralAndAdministrativeExpense
6814000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16275000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14110000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
150000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
146000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
302000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
294000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-0 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-95000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-0 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-480000 usd
CY2023Q2 tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
2230000 usd
CY2022Q2 tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
2465000 usd
tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
4724000 usd
tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
4930000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-68000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-0 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-23000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-0 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
31133000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
26488000 usd
us-gaap Operating Expenses
OperatingExpenses
62477000 usd
us-gaap Operating Expenses
OperatingExpenses
52534000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-13101000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4435000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-30384000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-9283000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10501000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2422000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-18381000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4217000 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14680000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14680000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q2 tcx Purchase Agreement Income
PurchaseAgreementIncome
4520000 usd
tcx Purchase Agreement Income
PurchaseAgreementIncome
8659000 usd
tcx Purchase Agreement Income
PurchaseAgreementIncome
9272000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-50000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20892000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2048000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-24402000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4955000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-33993000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2387000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-54786000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4328000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3025000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
738000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4735000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1817000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-30968000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-3125000 usd
us-gaap Net Income Loss
NetIncomeLoss
-50051000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6145000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
578000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
195000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
646000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1163000 usd
CY2023Q2 tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
390000 usd
CY2022Q2 tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
74000 usd
tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
626000 usd
tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
8000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
188000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
121000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1155000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-30780000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3004000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4990000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.86
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10836652
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10765595
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10821608
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10758691
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-30968000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-50051000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6145000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
8907000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
6735000 usd
us-gaap Depreciation
Depreciation
17495000 usd
us-gaap Depreciation
Depreciation
12778000 usd
CY2023Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
74000 usd
CY2022Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2016000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
27000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
893000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
147000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1131000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
267000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2609000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2843000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5481000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5686000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-208000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-245000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-357000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-472000 usd
CY2023Q2 us-gaap Accretion Expense
AccretionExpense
0 usd
CY2022Q2 us-gaap Accretion Expense
AccretionExpense
50000 usd
us-gaap Accretion Expense
AccretionExpense
0 usd
us-gaap Accretion Expense
AccretionExpense
148000 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3413000 usd
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1053000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1739000 usd
CY2023Q2 tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
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CY2022Q2 tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
4000 usd
tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
1000 usd
tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
55000 usd
CY2023Q2 tcx Operating Lease Net
OperatingLeaseNet
15000 usd
CY2022Q2 tcx Operating Lease Net
OperatingLeaseNet
115000 usd
tcx Operating Lease Net
OperatingLeaseNet
97000 usd
tcx Operating Lease Net
OperatingLeaseNet
56000 usd
CY2023Q2 tcx Disposal Of Domain Names
DisposalOfDomainNames
0 usd
CY2022Q2 tcx Disposal Of Domain Names
DisposalOfDomainNames
0 usd
tcx Disposal Of Domain Names
DisposalOfDomainNames
0 usd
tcx Disposal Of Domain Names
DisposalOfDomainNames
2000 usd
CY2023Q2 tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
3338000 usd
CY2022Q2 tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
0 usd
tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
6375000 usd
tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
0 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14680000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14680000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2023Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-879000 usd
CY2022Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-0 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1624000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-0 usd
CY2023Q2 tcx Amortization Of Discontinued Cash Flow Hedge From Accumulated Other Income
AmortizationOfDiscontinuedCashFlowHedgeFromAccumulatedOtherIncome
-572000 usd
CY2022Q2 tcx Amortization Of Discontinued Cash Flow Hedge From Accumulated Other Income
AmortizationOfDiscontinuedCashFlowHedgeFromAccumulatedOtherIncome
0 usd
tcx Amortization Of Discontinued Cash Flow Hedge From Accumulated Other Income
AmortizationOfDiscontinuedCashFlowHedgeFromAccumulatedOtherIncome
-1144000 usd
tcx Amortization Of Discontinued Cash Flow Hedge From Accumulated Other Income
AmortizationOfDiscontinuedCashFlowHedgeFromAccumulatedOtherIncome
0 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2052000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1436000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4298000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2828000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-661000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2865000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5108000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1053000 usd
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-693000 usd
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
5671000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-2884000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
8176000 usd
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1261000 usd
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1238000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
516000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1519000 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2117000 usd
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3910000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3443000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1675000 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-472000 usd
CY2022Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-819000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3484000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1130000 usd
CY2023Q2 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1374000 usd
CY2022Q2 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1086000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
856000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1568000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4943000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3891000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5099000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6158000 usd
CY2023Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5220000 usd
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1334000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4294000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2444000 usd
CY2023Q2 tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
3322000 usd
CY2022Q2 tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
950000 usd
tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
3665000 usd
tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
327000 usd
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-464000 usd
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1984000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5839000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2384000 usd
CY2023Q2 tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-52000 usd
CY2022Q2 tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-55000 usd
tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-341000 usd
tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-69000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12576000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17984000 usd
CY2023Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2022Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
56000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
570000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
227258000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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CY2023Q2 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
45718000 usd
CY2022Q2 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
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us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
45718000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
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CY2023Q2 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
5000000 usd
CY2022Q2 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 usd
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
35000000 usd
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 usd
CY2023Q2 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6745000 usd
CY2022Q2 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6745000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2023Q2 tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
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CY2022Q2 tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
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tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
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tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
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CY2023Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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CY2022Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1125000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1600000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3125000 usd
CY2023Q2 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2022Q2 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
19200000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
35700000 usd
CY2023Q2 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-7000000 usd
CY2022Q2 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
0 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
0 usd
CY2023Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11000 usd
CY2022Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q2 us-gaap Payments To Acquire Intangible Assets
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217000 usd
CY2022Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
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CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
159595000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6510000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Funds Held For Clients
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CY2023Q2 us-gaap Funds Held For Clients
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CY2022Q2 us-gaap Funds Held For Clients
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CY2023Q2 us-gaap Restricted Cash Noncurrent
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CY2022Q2 us-gaap Restricted Cash Noncurrent
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CY2023Q2 us-gaap Restricted Cash Noncurrent
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CY2022Q2 us-gaap Restricted Cash Noncurrent
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Basis Of Accounting
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<p style="margin: 0pt; text-align: justify; font-family: Times New Roman; font-size: 10pt;"><b><em style="font: inherit;">2.</em> Basis of Presentation:</b></p> <p style="margin: 0px; text-align: justify; font-family: Times New Roman; font-size: 10pt;"> </p> <p style="margin: 0px; text-indent: 27pt; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-align: justify;">The accompanying unaudited interim consolidated balance sheets, and the related consolidated statements of operations and comprehensive income and cash flows reflect all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management, necessary for a fair presentation of the financial position of Tucows and its subsidiaries as at <em style="font: inherit;"> June 30, 2023</em> and the results of operations and cash flows for the interim periods ended <em style="font: inherit;"> June 30, 2023</em> and <em style="font: inherit;">2022</em>. The results of operations presented in this Quarterly Report on Form <em style="font: inherit;">10</em>-Q are <em style="font: inherit;">not</em> necessarily indicative of the results of operations that <em style="font: inherit;"> may </em>be expected for future periods.</p> <p style="margin: 0px; font-family: Times New Roman; font-size: 10pt;"> </p> <p style="margin: 0px; text-indent: 27pt; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-align: justify;">The accompanying unaudited interim consolidated financial statements have been prepared by Tucows in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) and U.S. Generally Accepted Accounting Principles issued by the Financial Accounting Standards Board. Certain information and footnote disclosures normally included in the Company's annual audited consolidated financial statements and accompanying notes have been condensed or omitted. These interim consolidated financial statements and accompanying notes follow the same accounting policies and methods of application used in the annual financial statements and should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended <em style="font: inherit;"> December 31, </em><em style="font: inherit;">2022</em> included in Tucows' <em style="font: inherit;">2022</em> Annual Report on Form <em style="font: inherit;">10</em>-K/A filed with the SEC on <em style="font: inherit;"> June 6, 2023 (</em>the “<em style="font: inherit;">2022</em> Annual Report”). Except set forth as below, there have been <em style="font: inherit;">no</em> material changes to our significant accounting policies and estimates during the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2023</em> as compared to the significant accounting policies and estimates described in our <em style="font: inherit;">2022</em> Annual Report.</p> <p style="margin: 0px; text-indent: 27pt; font-family: &quot;Times New Roman&quot;; font-size: 10pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 18pt;"><i>Restricted cash</i></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 18pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 27pt;">Restricted cash is solely in connection with the <em style="font: inherit;">2023</em> Term Notes as defined in "Note <em style="font: inherit;">7</em> - Notes Payable"  and consists of (i) securitized assets cash receipts held by trustee and (ii) liquidity reserve funds. The non-current portion of the restricted cash is presented in "Secured notes reserve funds receivable" on the Consolidated Balance Sheet.</p>
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Before Tax1
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CY2023Q1 tcx Accumulated Other Comprehensive Income Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Amortization Of Intangible Assets
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CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q2 us-gaap Finite Lived Intangible Assets Net
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CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2023Q2 us-gaap Long Term Debt
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CY2023Q2 us-gaap Funds Held For Clients
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CY2023Q2 us-gaap Restricted Cash Noncurrent
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CY2023Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Cost Of Revenue
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