Company that sold its assets to GoDaddy is returning cash to shareholders and winding down its operations. MMX (AIM: MMX), aka Minds + Machines, is offering its remaining shareholders 10.4 pence per share to surrender their equity in the ... Continue Reading1 Comment
GoDaddy completes MMX asset acquisition (sort of)
· Domain RegistrarsMMX shares rocket after deal (mostly) closes. MMX (AKA Minds + Machines) (London AIM: MMX) announced today that it completed the sale of its top level domain names to GoDaddy. There's a small caveat: it's still waiting on partner approval for ... Continue Reading1 Comment
MMX reports 2020 results
· ServicesMost numbers flat to down slightly as company prepares to sell its assets to GoDaddy. Top level domain name company MMX (Minds + Machines, London AIM: MMX) reported its full results for 2020 yesterday. The company reported revenue and profit ... Continue ReadingLeave a Comment
MMX: New CEO, settlement with ICM, layoffs, and prelim earnings
· UncategorizedNew top level domain company provides updates and preliminary 2020 numbers. New top level domain name company MMX (aka Minds + Machines) (London AIM: MMX) made several announcements Sunday. First, interim CEO Tony Farrow has been appointed CEO. ... Continue ReadingLeave a Comment
Afilias sells its stake in MMX
· UncategorizedAfilias USA exits its position in new top level domain company. Domain name registry Afilias has sold its stake in top level domain name company MMX (London AIM: MMX), also known as Minds + Machines. The company exited its 3.16% position in the ... Continue Reading1 Comment
MMX shares jump on buybacks, forecast
· ServicesInterim management provides first update and share buyback plan. Shares in MMX (AIM: MMX), also known as Minds + Machines, were up 24% in trading today, closing at 4.705 pence. The company announced a buyback program commencing today in which it ... Continue ReadingLeave a Comment
MMX might have incorrectly recognized revenue
· UncategorizedCompany might have improperly recognized $1.0 million. New top level domain name company MMX announced that it might have incorrectly recognized revenue from a contract. According to the announcement, the MMX Board is commencing a formal ... Continue Reading4 Comments
MMX: Registrations and billings up, revenue down in H1
· ServicesRegistrations at domain name registrars grew while one-off brokered sales dropped. Top level domain name registry MMX (aka Minds + Machines, London AIM: MMX) issued high-level earnings information today for the first half of 2020. Year-on-year ... Continue ReadingLeave a Comment
MMX swings to profit in 2019, 25% revenue growth
· ServicesMMX (Minds + Machines) had a good year in 2019, and 2020 looks solid barring COVID-19 impact. Accounting wise, 2018 was a bad year for new top level domain name company MMX (London AIM: MMX). It wrote off $11.3 million related to a contract to run ... Continue Reading1 Comment
MMX bolsters executive ranks with three roles
· ServicesTop level domain company adds three people to its C-Suite. MMX (LSE:MMX), also known as Minds + Machines, has added three people to its executive ranks. Vaughn Liley is the new Chief Revenue Officer. It's somewhat of a roundtrip for Liley. While ... Continue ReadingLeave a Comment