Domain name company Rightside (NASDAQ: NAME) reported results today.
Rightside reported fourth quarter and full year financials for 2014 after the bell today.
The company had earnings of $1.5M for Q4, and adjusted EBITDA of $0.6M. For the year it turned in a net loss of ($1.9M) and adjusted EBITDA of ($3.1M).
I just listened to the conference call, and here are some of the highlights from the quarter:
- The company got $7.8 million for losing new top level domain name auctions. In Q3 it reported $8.6 million from losing seven auctions.
- As of the end of the year, Rightside’s new TLDs had 150,000 registrations for $5 million in cash sales. At the end of Q3 it had about 80,000 for $2.5 million in sales.
- 15% of new registrations at Rightside’s retail registrar Name.com were new top level domain names, and these sell for about 3x .com prices.
- The company is targeting breakeven on an adjusted EBITDA basis for 2015.
- CEO Taryn Naidu says the company will try lots of marketing approaches for its new TLDs next year. It is getting some traction in industry publications for its legal domains and .vet. It is also partnering with associations that have members who are targets for Rightside’s vertical TLDs.
Kellie says
Seems like, at least monetarily, things are headed in the right direction for them. I just ran across this from Glassdoor.com in my feed this morning. Seems employee sentiment is less than rosy. http://www.glassdoor.com/Reviews/Rightside-Reviews-E951159.htm
It’s a shame, there are some really good people there.
Andrew Allemann says
I wouldn’t read too much into two reviews on Glassdoor. That said, I imagine it can be tough working at a public company that’s just trying to break even. All costs are likely closely watched.
Kellie says
Valid point. I’m sure there’s been a lot of transition pains as well. The whole industry seems to be experiencing them, so why should Rightside be any different?