NameSilo posts $7.85 million revenue, readies domain brokerage system
Registrar continues to grow, readies domain brokerage platform.
Courtesy: Andrew Allemann | News Source: domainnnamewire.com
Domain name registrar NameSilo (CSE: URL) reported third-quarter earnings last week.
The company posted revenues of $7.85 million, up 58% from $4.97 million in the same quarter of 2018. Total revenues through the first three quarters were $21.29 million, more than double last year’s $10.59 million.
NameSilo currently has 3.37 million domains under management. It added 20,000 new customers and 220,000 net new domains under management last quarter.
While the company reported over $1 million net income before tax for the quarter, that’s for the registrar operating subsidiary. The parent company appears to be holding some of the costs, and reported a loss of $0.75 million for the quarter.
The company is getting ready to launch a website builder and, for domainers, a domain brokerage platform called NameLot.