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Domain stocks doing very well this year

May 30, 2012Demand Media, dmd, Domaining, Domainnamewire, tcx, Tucows, Uncategorized, VeriSign, vrsn, web.com, wwwwComments Off on Domain stocks doing very well this year

Tucows more than doubles and other domain stocks also on a tear.

It has been a decent year for the NASDAQ so far. But returns on domain stocks have been exceptional.

Consider Tucows (TCX), which opened the year at 75 cents. It has more than doubled to $1.52 at today’s open. The company continues to buy back stock, but I also think there’s overall enthusiasm for its domain business and the prospects of its mobile phone offering Ting.

Demand Media, which owns eNom, has jumped 35% this year to today’s open of $9.52. Investors are becoming more comfortable with the company’s ability to adapt to search engine algorithm changes. It’s also well positioned to take advantage of new top level domains. As a registrar, it will certainly profit from other company’s new TLDs. More risky is its $18 million bet on its own new TLDs.

Web.com (WWWW), which owns domain registrars Register.com and Network Solutions, is also up 35% this year to today’s $15.97 open.

Finally, .com and .net registry VeriSign (VRSN) has marched forward 9% this year. It has a lot of new TLD clients (over 200 applications), but I suspect its revenue from new TLDs will remain insignificant compared to its .com registry revenue for the foreseeable future.


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Tucows Earnings Warped by Currency Exchange Rates

August 11, 2010Domain Registrars, Domaining, Domainnamewire, tcx, TucowsComments Off on Tucows Earnings Warped by Currency Exchange Rates

Domain registrar’s business generating cash, but currency changes skew results.

At first glance Tucow’s second quarter earnings announcement today looked bad. The company lost a penny a share for the quarter, compared to earnings of 6 cents a share in the same quarter of 2009.

But then you dig into the details: the company realized a mark to market loss on foreign exchange of $1.9 million in Q2 2010; in the same quarter 2009 it realized a mark to market gain of $1.9 million. Also, last year the company earned $2.0 million related to its sale of interest in domain name registry Afilias.

Overall the company looks to be on an upward trajectory, with its OpenSRS, YummyNames, and Butterscotch units all reporting higher revenues than the same quarter last year. Tucows’ retail registrar, Hover, reported lower revenue but an even steeper drop (percentage wise) in costs of revenue.

Tucows will host its second quarter investor conference call this afternoon at 5 pm EDT.


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  1. Tucows and Marchex See Shares Bounce on Earnings
  2. Tucows’ OpenSRS Grows 9% Year-Over-Year
  3. Tucows Reports Strong Earnings and More Stock Buybacks

Tucows’ OpenSRS Grows 9% Year-Over-Year

May 12, 2010Domain Registrars, Domaining, Domainnamewire, tcx, TucowsComments Off on Tucows’ OpenSRS Grows 9% Year-Over-Year

Domain name registrar reports first quarter earnings.

Tucows opensrsTucows (AMEX:TCX) reported first quarter earnings after the bell today and disclosed that its OpenSRS business grew 9% year-over-year in both transactions and revenue. OpenSRS includes the company’s domain registration business as well as e-mail services. The company hit a milestone of 10 million domains under management at the end of the quarter.

Net income for Q1 was $0.6 million, but that was helped by a pre-tax gain on foreign exchange of $0.7 million.

The company’s YummyNames division, which sells and monetizes company-owned domain names, grossed $1.7 million. That compares to $1.9 million in the same quarter a year ago. Despite signing long term domain sales deals, businesses like YummyNames are likely to have fluctuating revenue.

The company had $5.2 million in cash and cash equivalents on hand at the end of the quarter. That’s down from $9.6 million at the end of Q4 2009, but the change can primarily be attributed to the company’s buyback of $5.2 million in shares along with paying off $0.5 million of the company’s bank loan.

Shares of Tucows were up 4 cents to $0.75 in regular trading today before earnings were released.


© DomainNameWire.com 2010.

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  3. Tucows and Marchex See Shares Bounce on Earnings

Tucows Hits 10 Million Domain Milestone

March 30, 2010Domain Registrars, Domaining, Domainnamewire, tcx, TucowsComments Off on Tucows Hits 10 Million Domain Milestone

Domain name registrar is third to meet 10 million domain milestone.

Tucows Inc. announced today that it hit a major milestone: 10 million domain names under management. The company credits its OpenSRS reseller network for hitting the milestone. The reseller network includes 10,000 web hosting companies, ISPs, Internet consultants, and other service providers in over 100 countries.

At the end of December 2008, the company topped 7 million domain names and surpassed Network Solutions as it migrated domains from the Its Your Domain acquisition on to its platform. In November 2009 — the most recent public report at ICANN — Tucows had about 6.5 million .com and .net domain names registered.

RegistrarStats.com still shows Tucows Inc. having fewer than 8 million domain names, so some of the domain names must be under a different registrar name or RegistrarStats isn’t counting correctly.

In terms of the biggest registrars, Tucows trails only eNom and Go Daddy. Go Daddy recently topped the 40 million domain milestone.


© DomainNameWire.com 2009.

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Tucows and Marchex See Shares Bounce on Earnings

February 19, 2010domain stocks, Domaining, Domainnamewire, marchex, mchx, tcx, Tucows, UncategorizedComments Off on Tucows and Marchex See Shares Bounce on Earnings

Market happy with results at two domain name companies.

Two publicly traded domain name companies have seen a nice bounce in their stock prices after reporting earnings.

Tucows reported net income of 3 cents per share for the fourth quarter of 2009 on February 16 after the market closed. It also reported $2.88 million of cashflow from operations. Shares of Tucows bounced 15% the following day to $.77, and then another 21% the following day to close at $.93. That’s a two day gain of nearly 40%. (Shares are off in early trading today.)

Marchex reported earnings after the bell yesterday that exceeded analyst’s expectations. Excluding one-time charges, the company earned 4 cents per share last quarter. Analysts had predicted three cents per share. The company also announced first quarter revenue guidance slightly higher than analysts were expecting. Shares of Marchex are up 6% in early trading today.

Disclosure: I own shares in a number of domain name company stocks.


© DomainNameWire.com 2009.

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Tucows’ Revenues Steady, Brandable Domain Sales Growing

November 11, 2009Domain Registrars, Domaining, Domainnamewire, elliot noss, tcx, TucowsComments Off on Tucows’ Revenues Steady, Brandable Domain Sales Growing

Tucows reports stable revenue and increase in brandable domain sales.

Tucows today reported earnings of $.07 per share for the third quarter, compared to a loss of less than a penny per share in the same quarter last year. The company benefited from income from its final receipt for selling its stake in domain name registry Afilias, as well as from foreign exchange gains. Revenue held essentially steady compared to last year.

On its investor conference call today, Tucows CEO Elliot Noss reported strong sales of “brandable” domains through its YummyNames division. The company sold about $250,000 worth of these domains, on top of direct navigation domain sales. The total YummyNames take for the quarter was $1.782 million including parking revenue.

The company doesn’t expect as much revenue from direct navigation sales in the future because it has cleared out a backlog. It has a regular agreement to sell about $100,000 worth of expired direct navigation domains every month or two, Noss explained.

Noss also alluded to a future partnership with NameMedia to list brandable domains for sale:

The number of brandable domain name transactions has shown great progress through September and continue to accelerate in October. We expect this to be helped further as we finalize the deal to list our domains in the BuyDomains.com and Afternic.com market places and distribution networks, which we view as the best buy now marketplaces in the secondary market.

When adding expired domains to its portfolio, Tucows plans to focus on the brandable name segment going forward:

…So over the couple of few years that we were sort of taking the [exit] from our expiry stream, we built up a bit of a backlog of those direct navigation names and you remember those are the names that are really valued on a multiple of revenue based on their traffic, not for in any way their value to a company who might want to name themselves or use the name line of business and we are really focused on those brandable names.


© DomainNameWire.com 2009.

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  1. Tucows Revenues Falls Short, Stock Tumbles
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  3. Tucows Posts Q1 Profit