2023 Q4 Form 10-Q Financial Statement

#000143774923030034 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $86.96M $86.97M
YoY Change 10.2% 11.43%
Cost Of Revenue $68.99M $70.22M
YoY Change 11.57% 16.91%
Gross Profit $17.96M $16.75M
YoY Change 5.22% -6.86%
Gross Profit Margin 20.66% 19.26%
Selling, General & Admin $26.49M $26.69M
YoY Change 13.23% 22.5%
% of Gross Profit 147.44% 159.34%
Research & Development $5.003M $4.818M
YoY Change 25.86% 61.52%
% of Gross Profit 27.85% 28.76%
Depreciation & Amortization $12.39M $9.275M
YoY Change 12.74% 27.32%
% of Gross Profit 68.97% 55.36%
Operating Expenses $33.97M $33.92M
YoY Change 13.21% 23.94%
Operating Profit -$16.01M -$17.17M
YoY Change 23.74% 83.0%
Interest Expense -$12.60M -$10.77M
YoY Change 113.51% 148.33%
% of Operating Profit
Other Income/Expense, Net $0.00 -$6.427M
YoY Change -100.0% -1823.06%
Pretax Income -$24.69M -$23.60M
YoY Change 70.84% 161.99%
Income Tax -$1.316M -$822.0K
% Of Pretax Income
Net Earnings -$23.37M -$22.77M
YoY Change 73.85% 185.33%
Net Earnings / Revenue -26.88% -26.18%
Basic Earnings Per Share -$2.09
Diluted Earnings Per Share -$2.14 -$2.09
COMMON SHARES
Basic Shares Outstanding 10.90M 10.86M
Diluted Shares Outstanding 10.87M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.69M $110.7M
YoY Change 294.48% 262.88%
Cash & Equivalents $92.69M $110.7M
Short-Term Investments
Other Short-Term Assets $119.0M $119.8M
YoY Change 5.17% 4.2%
Inventory $6.786M $7.788M
Prepaid Expenses
Receivables $23.62M $24.19M
Other Receivables $709.0K $500.0K
Total Short-Term Assets $242.8M $266.3M
YoY Change 42.87% 54.56%
LONG-TERM ASSETS
Property, Plant & Equipment $367.1M $330.9M
YoY Change 30.41% 30.18%
Goodwill $130.4M $130.4M
YoY Change 0.0% 0.0%
Intangibles $29.48M $32.10M
YoY Change -25.9% -23.56%
Long-Term Investments $2.012M $2.000M
YoY Change 0.0% -0.6%
Other Assets $24.07M $24.10M
YoY Change 46.1% 36.81%
Total Long-Term Assets $555.7M $547.6M
YoY Change 12.3% 15.73%
TOTAL ASSETS
Total Short-Term Assets $242.8M $266.3M
Total Long-Term Assets $555.7M $547.6M
Total Assets $798.4M $813.9M
YoY Change 20.11% 26.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.68M $11.68M
YoY Change -26.18% -36.99%
Accrued Expenses $40.75M $23.10M
YoY Change 79.9% 34.31%
Deferred Revenue $126.7M $128.1M
YoY Change 3.12% 2.92%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $201.3M $188.4M
YoY Change 6.99% 1.3%
LONG-TERM LIABILITIES
Long-Term Debt $544.6M $551.0M
YoY Change 65.36% 130.7%
Other Long-Term Liabilities $39.61M $38.30M
YoY Change
Total Long-Term Liabilities $584.2M $589.3M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $201.3M $188.4M
Total Long-Term Liabilities $584.2M $589.3M
Total Liabilities $788.6M $783.8M
YoY Change 319.02% 321.51%
SHAREHOLDERS EQUITY
Retained Earnings -$40.30M -$16.92M
YoY Change -172.09% -124.41%
Common Stock $48.45M $46.83M
YoY Change 21.19% 28.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.875M $30.05M
YoY Change
Total Liabilities & Shareholders Equity $798.4M $813.9M
YoY Change 20.11% 26.09%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$23.37M -$22.77M
YoY Change 73.85% 185.33%
Depreciation, Depletion And Amortization $12.39M $9.275M
YoY Change 12.74% 27.32%
Cash From Operating Activities $8.999M -$6.936M
YoY Change 210.2% 588.1%
INVESTING ACTIVITIES
Capital Expenditures $14.58M $22.57M
YoY Change -60.28% -51.64%
Acquisitions
YoY Change
Other Investing Activities -$108.0K -$40.00K
YoY Change -83.76%
Cash From Investing Activities -$14.69M -$22.60M
YoY Change -60.67% -51.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.75M -$7.638M
YoY Change -142.83% -110.66%
NET CHANGE
Cash From Operating Activities 8.999M -$6.936M
Cash From Investing Activities -14.69M -$22.60M
Cash From Financing Activities -11.75M -$7.638M
Net Change In Cash -17.45M -$37.18M
YoY Change 148.9% -254.93%
FREE CASH FLOW
Cash From Operating Activities $8.999M -$6.936M
Capital Expenditures $14.58M $22.57M
Free Cash Flow -$5.576M -$29.51M
YoY Change -83.5% -38.12%

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CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4818000 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2983000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14214000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10212000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9399000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7897000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25674000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22006000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
137000 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
149000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
439000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
443000 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-0 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
19000 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
-461000 usd
CY2023Q3 tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
2242000 usd
CY2022Q3 tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
2464000 usd
tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
6966000 usd
tcx Amortization Of Intangible Assets Net Of Cost Of Services Amortization
AmortizationOfIntangibleAssetsNetOfCostOfServicesAmortization
7394000 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-29000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-0 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-52000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-0 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
33920000 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
27368000 usd
us-gaap Operating Expenses
OperatingExpenses
96397000 usd
us-gaap Operating Expenses
OperatingExpenses
79900000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-17167000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-9381000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-47551000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-18662000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10739000 usd
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4337000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-29120000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-8555000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q3 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
CY2023Q3 tcx Purchase Agreement Income
PurchaseAgreementIncome
4312000 usd
CY2022Q3 tcx Purchase Agreement Income
PurchaseAgreementIncome
4737000 usd
tcx Purchase Agreement Income
PurchaseAgreementIncome
12971000 usd
tcx Purchase Agreement Income
PurchaseAgreementIncome
14009000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-27000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-128000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6427000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
373000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30829000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5326000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-23594000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9008000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-78380000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13336000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-822000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1027000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5557000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
790000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-22772000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-7981000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-14126000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-483000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1674000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
163000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-510000 usd
CY2023Q3 tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
181000 usd
CY2022Q3 tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
100000 usd
tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
807000 usd
tcx Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Discontinued Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingDiscontinuedReclassificationAfterTax
109000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-664000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1774000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-644000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23436000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14745000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.09
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.31
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10874659
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10779348
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10852079
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10766657
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-22772000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-7981000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Depreciation
Depreciation
9275000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
7285000 usd
us-gaap Depreciation
Depreciation
26770000 usd
us-gaap Depreciation
Depreciation
20063000 usd
CY2023Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2663000 usd
CY2022Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
3000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4679000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
30000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1140000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
215000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2271000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
482000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2620000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2842000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8101000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8528000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-255000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-136000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-612000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-608000 usd
CY2023Q3 us-gaap Accretion Expense
AccretionExpense
0 usd
CY2022Q3 us-gaap Accretion Expense
AccretionExpense
50000 usd
us-gaap Accretion Expense
AccretionExpense
0 usd
us-gaap Accretion Expense
AccretionExpense
198000 usd
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3258000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1658000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9381000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3397000 usd
CY2023Q3 tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
-0 usd
CY2022Q3 tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
103000 usd
tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
-0 usd
tcx Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
158000 usd
CY2023Q3 tcx Operating Lease Net
OperatingLeaseNet
220000 usd
CY2022Q3 tcx Operating Lease Net
OperatingLeaseNet
715000 usd
tcx Operating Lease Net
OperatingLeaseNet
317000 usd
tcx Operating Lease Net
OperatingLeaseNet
771000 usd
CY2023Q3 tcx Disposal Of Domain Names
DisposalOfDomainNames
3000 usd
CY2022Q3 tcx Disposal Of Domain Names
DisposalOfDomainNames
0 usd
tcx Disposal Of Domain Names
DisposalOfDomainNames
3000 usd
tcx Disposal Of Domain Names
DisposalOfDomainNames
2000 usd
CY2023Q3 tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
2872000 usd
CY2022Q3 tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
1250000 usd
tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
9247000 usd
tcx Accretion Of Redeemable Preferred Shares
AccretionOfRedeemablePreferredShares
1250000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-0 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-0 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-14680000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-0 usd
CY2023Q3 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
277000 usd
CY2022Q3 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
277000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-0 usd
CY2022Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
135000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1624000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
135000 usd
CY2023Q3 tcx Amortization Of Discontinued Cash Flow Hedge From Accumulated Other Income
AmortizationOfDiscontinuedCashFlowHedgeFromAccumulatedOtherIncome
0 usd
CY2022Q3 tcx Amortization Of Discontinued Cash Flow Hedge From Accumulated Other Income
AmortizationOfDiscontinuedCashFlowHedgeFromAccumulatedOtherIncome
-254000 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
-254000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2308000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1569000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6606000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4396000 usd
CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
677000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1192000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5785000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
139000 usd
CY2023Q3 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1293000 usd
CY2022Q3 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-892000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-4177000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
7284000 usd
CY2023Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-12000 usd
CY2022Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1092000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
504000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2611000 usd
CY2023Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1049000 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-684000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2394000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2359000 usd
CY2023Q3 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1520000 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1915000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1964000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-785000 usd
CY2023Q3 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1445000 usd
CY2022Q3 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-859000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-589000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2426000 usd
CY2023Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-334000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
791000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5433000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6949000 usd
CY2023Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4000000 usd
CY2022Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-491000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
293000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1954000 usd
CY2023Q3 tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
-708000 usd
CY2022Q3 tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
-2528000 usd
tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
2957000 usd
tcx Increase Decrease In Customer Deposit Liability
IncreaseDecreaseInCustomerDepositLiability
-2201000 usd
CY2023Q3 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1216000 usd
CY2022Q3 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-3050000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4623000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-666000 usd
CY2023Q3 tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
27000 usd
CY2022Q3 tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-28000 usd
tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-314000 usd
tcx Increase Decrease In Accreditation Fees Payable
IncreaseDecreaseInAccreditationFeesPayable
-97000 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6936000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1008000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13774000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16975000 usd
CY2023Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2022Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
237000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
808000 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
227258000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2023Q3 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
-0 usd
CY2022Q3 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
-0 usd
CY2023Q3 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 usd
CY2022Q3 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
60000000 usd
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
35000000 usd
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
60000000 usd
CY2023Q3 tcx Payments Of Deferred Notes Payable Financing Costs
PaymentsOfDeferredNotesPayableFinancingCosts
-70000 usd
CY2022Q3 tcx Payments Of Deferred Notes Payable Financing Costs
PaymentsOfDeferredNotesPayableFinancingCosts
-0 usd
tcx Payments Of Deferred Notes Payable Financing Costs
PaymentsOfDeferredNotesPayableFinancingCosts
6675000 usd
tcx Payments Of Deferred Notes Payable Financing Costs
PaymentsOfDeferredNotesPayableFinancingCosts
-0 usd
CY2023Q3 tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
-0 usd
CY2022Q3 tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
754000 usd
tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
-145000 usd
tcx Payments Of Deferred Preferred Financing Costs
PaymentsOfDeferredPreferredFinancingCosts
754000 usd
CY2023Q3 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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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 loss 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 of <em style="font: inherit;"> September 30, 2023</em> and the results of operations and cash flows for the interim periods ended <em style="font: inherit;"> September 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;">nine</em> months ended <em style="font: inherit;"> September 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" on the Consolidated Balance Sheet.</p>
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