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Tucows Reports: Revenue Increases 11%; Sells Over $1 Million In Domain Names

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tucowsLogo

Tucows.com reported its financial results for the 2nd Quarter ending June 30, 2013.

Net revenue for the second quarter of 2013 increased 11% to a record $31.2 million from $28.2 million for the second quarter of 2012.

Net income for the second quarter of 2013 was $0.6 million, or $0.01 per share, compared with $0.7 million, or $0.02 per share, for the second quarter of 2012.

Cash and cash equivalents at the end of the second quarter of 2013 were $6.5 million compared with $4.3 million at the end of the first quarter of 2013 and $4.5 million from the end of the second quarter of 2012.

Tucows is reporting they sold $1,079,000 in domain name in the quarter compared to $1.6 in the same quarter in 2012

The company will be holding an earnings call and we will be listening in.

A lot of the growth of Tucows.com seems to have come from their Ting cell unit.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.