Tucows Inc. 2024 10-K: Zero Net Equity Reported
Ticker: TCX · Form: 10-K · Filed: Mar 13, 2025 · CIK: 909494
| Field | Detail |
|---|---|
| Company | Tucows Inc /Pa/ (TCX) |
| Form Type | 10-K |
| Filed Date | Mar 13, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: financial-distress, balance-sheet, annual-report
TL;DR
Tucows 10-K shows $0 net equity. Big trouble.
AI Summary
Tucows Inc. filed its 2024 10-K on March 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, incorporated in Pennsylvania and headquartered in Toronto, Canada, operates in the computer processing and data preparation sector. Key financial figures for the fiscal year include total assets of $15.24 billion and total liabilities of $15.24 billion, resulting in a net equity of $0. The filing also details various financial instruments and commitments, including purchase obligations.
Why It Matters
This filing reveals Tucows Inc. has zero net equity as of December 31, 2024, indicating a precarious financial position that could impact its ability to operate and attract investment.
Risk Assessment
Risk Level: high — The company reported zero net equity, which is a critical indicator of severe financial distress and potential insolvency.
Key Numbers
- $15.24B — Total Assets (As of December 31, 2024)
- $15.24B — Total Liabilities (As of December 31, 2024)
- $0 — Net Equity (As of December 31, 2024, indicating financial distress)
- 250,000,000 — Purchase Obligations (Minimum revenue commitments)
- 10.7 — Interest Income/Expense Ratio (Net non-operating interest income/expense)
Key Players & Entities
- TUCOWS INC /PA/ (company) — Filer of the 10-K
- 20241231 (date) — Fiscal year end
- 20250313 (date) — Filing date
- 96 MOWAT AVENUE, TORONTO, A6, M6K 3M1 (address) — Business and mailing address
- INFONAUTICS INC (company) — Former company name
- INFONAUTICS CORP (company) — Former company name
- $15.24 billion (dollar_amount) — Total assets and total liabilities
- $0 (dollar_amount) — Net equity
FAQ
What is the primary reason for Tucows Inc. reporting zero net equity as of December 31, 2024?
The filing does not explicitly state the primary reason, but the balance sheet shows total assets and total liabilities are both $15.24 billion, resulting in zero net equity.
What are Tucows Inc.'s total assets and liabilities for the fiscal year ending December 31, 2024?
Tucows Inc. reported total assets of $15,243,600 and total liabilities of $15,243,600 for the fiscal year ending December 31, 2024.
When did Tucows Inc. file its 10-K report for the fiscal year 2024?
Tucows Inc. filed its 10-K report on March 13, 2025.
What are the company's purchase obligations as disclosed in the filing?
Purchase obligations include minimum revenue commitments, with a figure of $250,000,000 mentioned in the filing.
What is the SIC code for Tucows Inc. and what does it represent?
The SIC code for Tucows Inc. is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 13, 2025 regarding TUCOWS INC /PA/ (TCX).