Minds + Machines (LON:MMX), the top-level domains owner and operator, “saw revenue surge from September when ten of its newly acquired Internet names became generally available.
Sales totaled £2.9mln in the six months to December, with £2.2mln generated in the last four months.
In that time, 107,000 domain names were registered for Minds + Machines’ portfolio, of which 10% were sold through its own registrar.”
“In total over the year to December the group earned US$36mln (£21.9mln) from the 21 private auctions where it withdrew its application and the profit on these top-level domain auctions will be not less than US$33mln (approximately £20mln).”Acquiring six top-level domains cost the group US$25.9mln (£15.8mln).
At end-December, M+M had cash of US$45.8mln (£29.5mln).
Shares were up 1.7% at 8.90p in late morning trading.
Shares have a 52 week high of 17.50P and a 52 week low of 6.8p
« Marijuana Now Legal In Alaska – A Few Related Domains Registered – Good Ones Long Gone.ZA Domain Registrations Pass The 1 Million Mark »Filed Under: Minds+Machines, New gTLD's
About Michael Berkens
Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which owns around 80K domain names and whose retail site is at MostWantedDomains.com. Michael is also a Director of RightoftheDot.com which is a consultant in the new gTLD space and a broker of super premium domains. Michael Is also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest at #Internetofficial
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