NameSilo posts $7.85 million revenue, readies domain brokerage system

NameSilo posts $7.85 million revenue, readies domain brokerage system

Registrar continues to grow, readies domain brokerage platform.

Domain name registrar NameSilo (CSE: URL) reported third-quarter earnings last week.

The company posted revenues of $7.85 million, up 58% from $4.97 million in the same quarter of 2018. Total revenues through the first three quarters were $21.29 million, more than double last year’s $10.59 million.

NameSilo currently has 3.37 million domains under management. It added 20,000 new customers and 220,000 net new domains under management last quarter.

While the company reported over $1 million net income before tax for the quarter, that’s for the registrar operating subsidiary. The parent company appears to be holding some of the costs, and reported a loss of $0.75 million for the quarter.

The company is getting ready to launch a website builder and, for domainers, a domain brokerage platform called NameLot.

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