Tucows Inc. Q4 FY2025 earnings call

David Woroch addressed questions. Regarding Ting assets sale, process is ongoing and not delayed, working with financial advisors. For Wavelo, adjusted EBITDA margin down due to potential reduction in fees from Ting process, annualized investments in 2026, and continuing to invest to grow top line below competitors' cost structure. On stock buyback, annual authorization provides flexibility, liquidity priorities include deleveraging syndicated debt and Ting divestiture, current unrestricted cash ~$20.9 million, focus on free cash flow and balance sheet strengthening.

Not available in the provided transcript

Ting process is ongoing; Wavelo adjusted EBITDA guidance is conservatively forecasting possible fee reduction from Ting process, with annualized investments in 2026; stock buyback deployment evaluated against return thresholds and liquidity, deleveraging syndicated debt and Ting divestiture key to liquidity.

Discussed that forward-looking statements are subject to risks and uncertainties, risk factors described in SEC filings like Forms 10-Q and 10-K.

Q: Is there any update on the sale of Ting assets?

A: The Ting process has not been delayed, ongoing, working with financial advisors.

Q: Why is adjusted EBITDA margin on Wavelo expected to be down year-over-year?

A: Possible fee reduction from Ting process, annualized investments in 2026, and continuing to invest to grow top line below competitors' cost structure.

Q: What is the company's access to liquidity?

A: Annual buyback authorization provides flexibility, liquidity priorities include deleveraging syndicated debt and Ting divestiture, current unrestricted cash ~$20.9 million, focus on free cash flow and balance sheet strengthening.