Reglikedomain industry desk

Warped by Currency Exchange Rates — Tucows Earnings

Domain registrar’s business generating cash, but currency changes skew results.

At first glance Tucow’s second quarter earnings notice today looked bad. The firm lost a penny a share for the quarter, compared to earnings of 6 cents a share in the same quarter of 2009.

But then you dig into the details: the firm realized a mark to market loss on foreign exchange of $1.9 million in Q2 2010; in the same quarter 2009 it realized a mark to market gain of $1.9 million. Also, last year the firm earned $2.0 million related to its sale of interest in domain name registry Afilias.

Overall the firm looks to be on an upward trajectory, with its OpenSRS, YummyNames, and Butterscotch units all reporting higher revenues than the same quarter last year. Tucows’ retail registrar, Hover, noted lower revenue but an even steeper drop (percentage wise) in costs of revenue.

Tucows will host its second quarter investor conference call this afternoon at 5 pm EDT.

Also on the wire

Other reporting from the domain desk.

Tucows Notes Strong Earnings and More Stock BuybacksDomain RegistrarsTucows Notes Strong Earnings and More Stock BuybacksNDomain RegistrarsNetwork Solutions auto enrolls clients into $1,850 “WebLock” serviceTDomain RegistrarsTo Namecheap’s lawsuit over domain transfers — Tucows respondsNamecheap applies for 40 top level domains: ExclusiveDomain RegistrarsNamecheap applies for 40 top level domains: ExclusiveTDomain RegistrarsTucows to transfer 3.2 million domains to Namecheap — Court ordersMoniker is down: Oh, crapDomain RegistrarsMoniker is down: Oh, crapDDomain RegistrarsDomain Registrations hit 112 millionTDomain RegistrarsThe Bar Refaeli Go Daddy Super Bowl commercial: WowDDomain RegistrarsDemand Media’s IPO Filing — HostExploit Exploits