Tucows 2015 Annual Report Download - page 83
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Total net revenues for Fiscal 2015 increased by $25.3 million, or 17%, to $172.9 million from $147.7 million for
the fiscal year ended December 31, 2014 (“Fiscal 2014”). Deferred revenue from domain name registrations and other
Internet services at December 31, 2015 increased to $71.6 million from $71.1 million at December 31, 2014.
No customer accounted for more than 10% of revenue during Fiscal 2015 and, at December 31, 2015, no
customer accounted for more than 10% of accounts receivable. Significant management judgment is required at the time of
recording of revenue to assess whether the collection of the resulting receivables is reasonably assured. On an ongoing
basis, we assess the ability of our customers to make required payments. Based on this assessment, we expect the carrying
amount of our outstanding receivables, net of allowance for doubtful accounts, to be fully collected.
Network Access Services
Mobile and Other Services
Net revenues from Ting mobile phone equipment and services and the provisioning of high speed Internet
access, Internet hosting and network consulting services for Fiscal 2015, as compared to Fiscal 2014, increased by $26.3
million or 73% to $62.2 million. This increase primarily reflects the impact the larger Ting subscriber base is having on
Ting mobile service revenue which grew by $23.0 million to $58.9 million as compared to Fiscal 2014. In addition, we
generated $3.3 million in revenue in connection with the provisioning of high speed Internet access, Internet hosting and
network consulting services during Fiscal 2015. As of December 31, 2015, Ting had 128,000 subscribers and 202,000
mobile devices under its management compared to 94,000 subscribers and 147,000 devices under management as of
December 31, 2014.
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