Tucows (TCX) risk factors

36 risks, 21 new, 12 dropped, 3 reworded since the prior year. Ting's severe liquidity crisis and going concern risk dominate the disclosures, threatening operational wind-down or restructuring. Wavelo relies heavily on a single customer, EchoStar, exposing revenues to concentration risk. Verisign's potential 7% annual .com price increases through 2030 threaten domain margins.

27 risks. Ting Fiber subsidiary is heavily financed by term notes and preferred units, with substantial net losses and capital requirements. Heavy reliance on ICANN accreditations, domain registration rules, and evolving international data protection laws like GDPR. Telecom and wireless operations face FCC licensing and regulatory compliance risks.