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'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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