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.
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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.
NameSilo Technologies Corp. (CSE: URL; PINKSHEETS: URLOF) announced its Q2 2022 financial results, reporting record revenues of $11,248,570, a 33.7% increase from Q2 2021. Gross profit rose to $2,196,621 (19.5% margin), up 51.7%. Operating income surged 264% to $561,751. Despite a net loss reduced to $683,040 from $2,897,994, the company saw overall improvement. NameSilo also has 4.61 million domains under management and plans to enhance customer offerings.