Tucows 2014 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2014 Tucows annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 202

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202

RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2014 AS COMPARED TO THE
YEAR ENDED DECEMBER 31, 2013
NET REVENUES
The following table presents our net revenues, by revenue source:
Year ended December 31,
2014 2013
Domain Services:
Wholesale
Domain Services $ 86,640,949 $ 87,294,173
Value Added Services 9,654,734 10,271,219
Total Wholesale 96,295,683 97,565,392
Retail 10,417,746 8,360,035
Portfolio 5,066,673 7,479,240
Total Domain Services 111,780,102 113,404,667
Network Access Services:
Ting 35,887,005 16,530,237
Total Network Access Services 35,887,005 16,530,237
$ 147,667,107 $ 129,934,904
Increase over prior period $ 17,732,203
Increase - percentage 14%
The following table presents our revenues, by revenue source, as a percentage of total revenues:
Year ended December 31,
2014 2013
Domain Services:
Wholesale
Domain Services 59% 67%
Value Added Services 7% 8%
Total Wholesale 66% 75%
Retail 7% 6%
Portfolio 3% 6%
Total Domain Services 76% 87%
Network Access Services:
Ting 24% 13%
Total Network Access Services 24% 13%
100% 100%
Total net revenues for Fiscal 2014 increased by $17.7 million, or 14%, to $147.7 million from $129.9 million for
the fiscal year ended December 31, 2013 (“Fiscal 2013”). Deferred revenue from domain name registrations and other
Internet services at December 31, 2014 increased to $71.1 million from $70.0 million at December 31, 2013.
Page 7
5
of 20
2
tcx20141231_10k.ht
m
9
/
13
/
201
6
https://www.sec.gov/Archives/edgar/data/909494/000143774915004707/tcx20141231_10...