Tucows Inc

TCX remains entrenched in a Stage 4 downtrend after a decisive support failure, and recent upside extension above declining EMAs is likely unsustainable. With no mean-reversion eligibility and continued distribution on down-moves, the medium-term bias stays bearish. Given the short-term extension, timing favors selling now on signs of resumed weakness.

• ↑Q2 revenue $100.6M (+2.1% YoY) driven by Ting fiber uptake.
• ↑Adjusted EBITDA rose sequentially to $12.3M, showing recovery.
• ↓GAAP net loss widened to $20.5M (EPS -$1.84), vs. $15.6M prior.