Tucows reports result: turnover of 3.5%; Yummy name of down

Y Tucows reported results for quarter ending September 30, 2010, after the market closed Toda.

$ 21.2 Million US$ 20.5 million for the third quarter increased 3.5% 2009 net earnings for the third quarter of 2010.

Net income for the third quarter of 2010 was $1.1 million, or $0.02 per share, compared with net income of $ 5.2 million, or $ 0.08 per share for the third quarter of 2009.

But "consolidated net income for the third quarter 2009 relating to the sale of the company include the final payment, equity stake to Afilias Inc. of $ 1.9 million and an increase of in fair value of forward exchange transactions of $1.9 million." 

It looks like sales of yummy name to 1.25 million $ for the quarter compared to almost fell $1.8 million in the same quarter of last year.

Tucows was $.04 a share today to close$ 71 in normal trading a profit of almost 6 %.Tucows shares after hours trade.

"Our results in the third quarter our track record of solid performance throughout the continue 2010," said Elliot Noss, President and CEO of Tucows."Revenue reached a record $21.2 million, driven by continued strength in YummyNames to OpenSRS together with stronger contribution from our re-launched hover and butterscotch helping Leistungen.Die consistency and reliability our business on to our goal of returning capital to shareholders, as our purchase of an additional 3.9 million shares evidenced in October among our recent Dutch takeover offer."

"Cash and cash equivalents at the end of the third quarter 2010 were $ 5.4 million compared to $8.2 million in the third quarter of 2009 and $4.1 million at the end of the second quarter of 2010."

"End of each quarter, the company announced the final results of its modified 'Dutch auction' tender on September 7, 2010 gegeben.Unter known the terms of the offer bought Tucows 3.9 million of its shares at a purchase price of $0.70 per share for a total of 2.8 million US Dollar.Dieses year still in 2010, which has an aggregate of 13.7 million shares by modified Dutch takeover offers its normal issuer bids ("share buy-back programme"), 20.4% of outstanding shares of the company at the end of 2009 erworben.seit launching its first share buyback program in February 2007, has acquired the company 23.2 million shares through its share buy-back software, 30.0% shares of the company as a whole at the end of January 2007 outstanding represents."

Summary financial results
(In thousand US dollars, except per share pay)

3 Months ended
September 30, 2010
(unaudited) three months ended
September 30, 2009
(unaudited) 9 months ended
September 30, 2010
(unaudited) 9 months ended
September 30, 2009
(unaudited)Earnings (loss) from change in fair value of forward exchange ContractsNet cash flow from operating activities

Summary of revenue and cost of sales before network costs
(Figures in thousand US dollars)

3 Months ended
September 30, 2010
(unaudited) three months ended
September 30, 2009
(unaudited) three months ended
September 30, 2010
(unaudited) three months ended
September 30, 2009
(unaudited)

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