Revenue continues its upward march at domain registrar NameSilo.
Domain name registrar NameSilo (CSE: URL) (PINKSHEETS: URLOF) reported its 2024 financial results today.
For the year, the company posted gross income of C$55.2 million, up from C$49.0 million in 2023.
Its gross profit in 2024 was C$12.1 million, up from C$8.9M in 2023. Operating income increased to C$4.1 million in 2024, up from C$1.9 million in 2023.
The company has been turning in steady quarter-over-quarter revenue growth.
Domain registrations made up 95.2% of the company’s revenue last year. NameSilo offers over 400 top level domain names and has about 5.7 million domains under management.
Other revenue comes from marketplace, domain parking, hosting, and email.
NameSilo also owns a portion of Saw.com. For the second half of the year, Saw.com grossed C$3.8M.
Note: This story has been updated to reflect the financials are in Canadian dollars.
Wow, that’s a really good set of results. Good on them.
Wow, never knew Namesilo were a publicly traded company. Great numbers! Happy for the team – they deserve it!