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Internet services provider Tucows Inc. stock – in a cheetah speed hits top week high arriving at $1.26 per stock.
This outstanding stock performance could be the reason of Tucows rock-solid business execution. Lately, company announced about the launch of their new generation webmail service, which could also have had impact.
Tucows distribution network primarily consists of web hosting companies, Internet Service Providers and other Internet related service companies. These companies use Tucows' provisioned services to offer solutions to their customers: enterprises, small and medium businesses and consumers.
As of March 31 Tucows Inc. had a sum of $87,758,507 as their assets. That is roughly 3 million dollars more than last year in 31st March, when company had a total of $84,665,439 in cash.
Comparing last quarter of 2006 ended in 31 December, company’s debt for the first quarter this year went up approximately by $2,000,000, reaching a line of $43,819,634.
However, there is one confusing thing on Tucows data sheet for liabilities. This is because, that Tucows adds every $14.99 they collect for domain registration to their current liability.
Lets for example Donald Trump registers 100 domains for a year, with no discount from Tucows owned website - domaindirect.com.
He will have to pay Tucows $1499 in total, so 11 of 12 months of $1499 will be a liability for Tucows. This is also known as deferred revenue. This is not a cash liability. Tucows's deferred revenue from domain name registrations and other Internet services at March 31, 2007 increased to $48.0 million from $41.1 million at March 31, 2006.
Company’s expenses decreased slightly and were $4,950,317 for the first quarter ended March 31 2007. Tucows spent $1,344,444 for sales and marketing.
Total net revenues for the three months ended March 31, 2007 beat $17.8 million line, which was also $2 million increase. Info from
i I am new at this investing thing.
what do you guys think?
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