TCX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• • Our ability to maintain compliance with the operational and financial covenants of the 2023 and 2024 Notes as defined in "Note 8. Notes Payable" of the Notes to the Condensed Consolidated Financial Statements included in Part I, of this Quarterly Report, which provides the Company with financing t…

• • Our ability to successfully identify and implement any potential strategic alternatives for Ting;

• Factors set forth under the caption “Item 1A Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 12, 2026 (the “2025 Annual Report”) and in "Item 1A Risk Factors" in Part II of this Quarterly Report.

• Ting and its wholly owned subsidiaries - Cedar and Simply Bits, includes the provision of high-speed Internet access services to select towns throughout the United States, with operations focused on serving existing markets. Our primary sales channel is through the Ting website. The primary focus of…

• As of March 31, 2026, Ting Internet had access to 126,000 owned infrastructure serviceable addresses, 123,000 partner infrastructure serviceable addresses and 57,000 active subscribers under its management; compared to having access to 133,000 owned infrastructure serviceable addresses, 54,000 partn…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• • Our ability to meet the operational and financial drawdown milestones under the Unit Purchase Agreement with Generate, which provides the Company with the ability to obtain additional financing to invest in the expansion of fiber networks;

• • Our ability to maintain compliance with the operational and financial covenants of the 2023 and 2024 Notes as defined in "Note 8 - Notes Payable" of the Notes to the Condensed Consolidated Financial Statements included in Part I, of this Quarterly Report, which provides the Company with financing …

• • Our ability to obtain further financing, if needed, to fund continued investment in the expansion of our fiber networks;

• Factors set forth under the caption “Item 1A Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 13, 2025 (the “2024 Annual Report”) and in "Item 1A Risk Factors" in Part II of this Quarterly Report.

• For the nine months ended September 30, 2025 and September 30, 2024, we reported net revenue of $291.6 million and $269.2 million, respectively.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• (c) During the three months ended March 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated any contract, instruction, or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative def…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• (a) Disclosure provided pursuant to Item 5.02 of Form 8-K. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

• On November 6, 2025, Tucows Inc. (the “Company”) announced that Elliot Noss will step down from his position as President and Chief Executive Officer of the Company, effective November 6, 2025 (the "Separation Date") and from any other positions held with the Company and any of the Company’s subsidi…

• In connection with Mr. Noss' departure, the Company and Mr. Noss have entered into a mutual separation agreement (the "Separation Agreement"), dated as of November 6, 2025. Pursuant to the Separation Agreement, Mr. Noss will receive severance benefits including, but not limited to: (i) a cash paymen…

• On the Separation Date, the Company and Mr. Noss entered into a consulting agreement, pursuant to which Mr. Noss will provide consulting services regarding matters relating to Ting Fiber, Inc. (“Ting”) at a monthly rate of $25,000 U.S. Dollars.

• The Board has appointed David Woroch as Chief Executive Officer of the Company, effective November 6, 2025. David Woroch, 63, currently serves as our Chief Executive Officer of Tucows Domains Services and has led our Domains business since 2014 and oversees OpenSRS, eNom, Ascio (wholesale), Hover (r…