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. (CSE: URL, OTC: URLOF) generates frequent news as an investment-focused technology company with operating businesses in domains, internet infrastructure and inspection technologies. Company releases highlight developments at its core subsidiary NameSilo LLC, one of the largest domain registrars in the world, as well as updates on acquisitions, portfolio companies and financial performance.
Investors following URLOF can expect news items covering quarterly and annual financial results, including trends in revenue growth, operating income, total bookings and cash flow. These updates often discuss growth in domains under management, marketplace activity and the impact of ancillary services offered through NameSilo LLC. The company also explains its use of non-IFRS measures such as Adjusted EBITDA and total bookings, and how management uses these metrics to assess operations.
Another major news theme is corporate transactions. NameSilo Technologies has announced the acquisition of ShortURL.at by NameSilo LLC, the acquisition and integration of the CommerceHQ website builder, a definitive agreement to acquire SewerVUE Technology Corp., and a letter of intent to acquire Reach Systems Inc. These announcements describe how new assets expand the company’s capabilities in domain-related services, ecommerce website building, link shortening and advanced infrastructure inspection.
Operational updates also appear in the news flow, such as product bundling initiatives, security enhancements at NameSilo LLC, and comments from management on strategy, capital deployment, share repurchases and debt reduction. For investors and observers, the URLOF news page offers a centralized view of how NameSilo Technologies is growing its domain registrar operations, building out its technology portfolio and pursuing new inspection and engineering businesses over time.
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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