Tucows.com (TCX) reported its financial results for the third quarter ending September 30, 2012, after the market closed today and also announced a tender offer to re-purchase up to 6.5 Million shares of its own stock at prices ranging from $1.35 to $1.50

Tucows shares closed at $1.12 during trading so it should get a nice pop on the open tomorrow

Net revenue for the third quarter of 2012 increased 17% to a record $29.3 million from $25.1 million for the third quarter of 2011.

Net income for the third quarter of 2012 was $1.6 million, or $0.04 per share, compared with a net loss for the third quarter of 2011 of $1.2 million, or $0.02 per share.

Deferred revenue at the end of the third quarter of 2012 was $73.3 million, an increase of 6% from $68.9 million at the end of the third quarter of 2011 and a decrease of 2% from $74.5 million at the end of the second quarter of 2012.

Cash and cash equivalents at the end of the third quarter of 2012 were $5.0 million compared with $4.5 million at the end of the second quarter of 2012 and $4.7 million from the end of the third quarter of 2011.

During the third quarter of 2012, the Company generated cash flow from operations of $2.2 million compared with $1.6 million for the same quarter of 2011. During the quarter, the Company used $1.6 million for the repurchase of stock under its ongoing normal course issuer bid and invested $0.2 million in equipment purchases.

 

Summary Financial Results
(In Thousands of US Dollars, Except Per Share Data)*

3 Months Ended
Sept. 30, 2012
(unaudited) 3 Months Ended
Sept. 30, 2011
(unaudited) 9 Months Ended
Sept. 30, 2012
(unaudited) 9 Months Ended
Sept. 30, 2011
(unaudited) Net revenue 29,246 25,094 84,936 70,695 Income before provision for income taxes and change in fair value of forward exchange contracts 1,597 1,090 4,956 2,240 Net income for the period 1,635 (1,178) 3,995 115 Net earnings per common share 0.04 (0.02) $0.09 - Net cash provided by operating activities 2,237 1,615 4,321 3,202 Summary of Revenues and Cost of Revenues
(In Thousands of US Dollars)

Revenue Cost of Revenue 3 Months Ended
Sept. 30, 2012
(unaudited) 3 Months Ended
Sept. 30, 2011
(unaudited) 3 Months Ended
Sept. 30, 2012
(unaudited) 3 Months Ended
Sept. 30, 2011
(unaudited) Wholesale Domain Services 22,268 19,698 18,645 16,470 **Value-Added Services 2,603 2,609 532 515 Total Wholesale 24,871 22,307 19,177 16,985 Retail 2,965 1,358 2,064 495 Portfolio 1,410 1,429 205 179 Network, other costs - - 1,159 1,193 Network, depreciation and amortization costs - - 193 183 Total revenue/cost of revenue 29,246 25,094 22,798 19,035 “Our third quarter results once again reflect the consistency and reliability of our business, the leverage inherent in our model, and our ability to deliver growth,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc.…



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