Revenue and bitcoin holdings increase.
NameSilo (CSE: URL) (PINKSHEETS: URLOF) reported Q3 earnings, including solid year-over-year revenue growth.
The domain registrar posted $14.35 million of revenue in Q3 2024, compared to $12.45 million in Q3 2023. Gross profit increased to $3.24 million from $2.26 million.
NameSilo reported a profit of $0.49 million after income tax, compared to a small loss last year. (That loss was primarily due to losses on investments, not the core business.)
The report also disclosed that NameSilo held 14.41 bitcoins as of the end of Q3, up from 12.90 at the end of Q2 and 2.84 at the end of 2023.
NameSilo also owns a percentage of Saw.com after a merger between NameLot and Saw. NameSilo owns 41% of the company, with another 9% owned by minority shareholders of NameSilo. Saw’s previous shareholders own the other 50%.
For the first time, NameSilo’s earnings report includes results from Saw. It states that Saw generated $2.86M in revenue last quarter and a net gain of $0.32 million.
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