Elliot Noss, Chief Executive Officer of Tucows Inc. (NASDAQ:TCX), recently executed stock sales totaling $38,335. The transactions occurred on October 17 and 18, with shares sold at prices ranging from $19.02 to $19.61. Following these sales, Noss holds 485,258 shares directly. Additionally, Noss maintains indirect ownership of shares through various personal accounts, including a retirement savings account and accounts held by his spouse. These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan established in September.
InvestingPro Insights
As Elliot Noss reduces his direct stake in Tucows Inc. (NASDAQ:TCX), investors might benefit from a closer look at the company's financial health. According to InvestingPro data, Tucows has a market capitalization of $214.73 million, with a revenue of $350.81 million over the last twelve months as of Q2 2023. Despite a revenue growth of 8.82% during this period, the company faces some challenges.
InvestingPro Tips highlight that Tucows is currently not profitable and is quickly burning through cash. This aligns with the reported operating income of -$55.55 million and an EBITDA of -$9.16 million for the same period. The company's price-to-earnings ratio stands at -2.36, reflecting its current unprofitability.
It's worth noting that Tucows does not pay a dividend to shareholders, which may be a consideration for income-focused investors. The company's stock price is currently at 69.12% of its 52-week high, with a 1-year price total return of 3.57% as of the latest data.
For a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into Tucows' financial position and future prospects. Investors interested in a fuller picture can explore 11 more InvestingPro Tips available for Tucows.
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