Interim 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
Big shakeup at MMX after accounting investigation
· UncategorizedCEO and CFO are out after board investigates company's finances. The Board of top level domain name company MMX (London AIM: MMX) has concluded an investigation into revenue recognization at the company. The casualties include the company's CEO, ... Continue Reading2 Comments
MMX to launch pricey .Forum top level domain name
· UncategorizedThe company plans to acquire rights .Forum rights from Jay Westerdal. Top level domain name company MMX (AIM: MMX) has laid out plans for the upcoming launch of the .forum top level domain name. Sunrise will run from November 16 through December ... Continue Reading9 Comments
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 revenue drops in first half but quality improves
· UncategorizedOne-off sales go to nearly zero in the first half of 2020. Domain name registry company MMX (London AIM: MMX) reported earnings for the first half of 2020. Revenue and profit were down compared to the first half of 2019, but the makeup of the ... Continue Reading1 Comment
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
How domain name stocks fared in stock market rout
· Domain RegistrarsNot well. Stock markets were up nearly 10% on Friday, and it was a sigh of relief in a tumultuous period. Stocks have been pummelled as the world goes into hiding over fears of the COVID-19 outbreak. The Dow 30 is down 22% since its peak on ... Continue Reading8 Comments
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
MMX plans dividend as outlook improves
· UncategorizedNew top level domain company to issue dividend as revenue and cash flow picture improve. New top level domain name company MMX (Minds + Machines, London AIM: MMX) previewed its 2019 earnings today and announced plans to introduce a dividend. The ... Continue Reading1 Comment