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NameSilo Technologies Corp. reports company developments across domain registration, online commerce tools and remote inspection technology. Its NameSilo LLC business operates as a domain registrar and internet solutions provider, with news commonly covering domains under management, marketplace revenue, ancillary services, website-builder and ecommerce capabilities, and periodic financial results.
The company's updates also cover its technology subsidiaries. SewerVUE provides large-diameter pipe inspection using multi-sensor tools such as LiDAR, sonar, HD-CCTV and pipe-penetrating radar for critical infrastructure assessment. Reach Systems adds remote inspection robotics, tether and cable management systems, and subsea camera and winch solutions for industrial, marine, energy, defense and infrastructure markets.
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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NameSilo Technologies Corp. (CSE: URL / OTC: URLOF) has announced the adoption of a Shareholder Rights Plan effective March 20, 2023. This plan aims to ensure fair treatment of shareholders during any acquisition offers and allows the board to explore alternatives to unsolicited takeover bids. The plan is pending ratification at the upcoming annual general meeting on April 18, 2023. The details of the plan will be included in the Management Information Circular to be sent to shareholders. NameSilo is a rapidly growing domain registrar, managing nearly 4.6 million domains worldwide.
NameSilo Technologies Corp. (CSE: URL, PINKSHEETS: URLOF) reported strong financial results for Q3 2022. Total revenues reached $11,569,000, marking a 25.5% increase from Q3 2021's $9,217,902. The company's gross profit rose to $1,986,385, improving its gross margin to 17.2%. Net income was $716,496, a significant turnaround from a loss of $503,078 in the same quarter last year. Additionally, adjusted EBITDA surged 692%, reaching $775,647. With over 4.58 million domains under management, NameSilo aims to exceed $40 million in annual revenue for the first time.