Welcome to our dedicated page for Namesilo Technologies news (Ticker: URLOF), a resource for investors and traders seeking the latest updates and insights on Namesilo Technologies stock.
Namesilo Technologies Corp. (URLOF) provides essential domain registration services and strategic tech investments through its accredited ICANN platform. This news hub offers investors and stakeholders centralized access to official updates impacting the company's financial position and market strategy.
Track verified announcements including quarterly earnings disclosures, partnership developments, and service expansions. Our curated feed ensures timely access to operational updates about domain management innovations, hosting infrastructure improvements, and strategic capital deployment activities.
Key content categories include financial performance reports, leadership changes, cybersecurity initiatives, and investment portfolio updates. All materials maintain regulatory compliance while emphasizing Namesilo's dual focus on core web services and technology venture growth.
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NameSilo Technologies reported strong Q3 2024 results with record quarterly revenues of $14.35 million, up 15.2% from Q3 2023. The company achieved its highest gross margin in history at 22.4%, with gross profit of $3.21 million. Notable achievements include record operating income of $1.24 million, net income of $488,064, and record adjusted EBITDA of $1.45 million. The company surpassed 5 million domains under management, eliminated all outstanding convertible debt, and secured a $1.5 million non-dilutive draw-down loan facility. Cash and cash equivalents stood at $4.98 million, with investment holdings of $3.64 million and bitcoin holdings valued at $1.23 million.
NameSilo Technologies Corp's portfolio company Ola Media Innovations has secured a $1.6M strategic investment from Plaza Capital. Ola Media operates a network of touch screens in ride-share vehicles across five major Mexican markets, serving major brands like Coca Cola, Heineken, HBO Max, and Netflix. The company has initiated a financial audit in preparation for a planned public listing in Canada. Additionally, NameSilo Technologies has canceled 850,000 shares purchased through its normal course issuer bid.
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) has repaid its outstanding loan of $3.9 million ahead of the October 28, 2024 maturity date. The repayment was primarily funded through free cash flow generated from the NameSilo business and a one-year loan of $1.5 million from Pathfinder Partners' Fund. CEO Paul Andreola highlighted that NameSilo's strong cash flow has enabled the company to grow operations, fund technology growth companies, and reduce debt. The new $1.5 million loan from Pathfinder bears 8% annual interest, is due in one year, and is secured against the company's personal property. With reduced debt, NameSilo plans to focus on revenue growth and strategic investments.
NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) announced strong Q2 2024 financial results, marking its 7th consecutive quarter and 6th year of revenue growth. The company reported:
- Record revenues of $13,175,765, up 9.7% year-over-year
- Gross profit of $2,883,791 (21.9% margin), highest in company history
- Operating income of $941,525, a 271% increase from Q2 2023
- Adjusted EBITDA of $1,131,093
- Total bookings of $15,397,276
NameSilo has grown to over 4.94 million active domains under management, with customers in approximately 160 countries. The company is focusing on adding value-added products to increase core revenues and improve customer retention.
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