NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) reported their year end 2022 earnings report. Since acquiring NameSilo in August 2018 the new management team has grown revenues from full year 2017 revenues of approximately $10.6 million to over $45 million in 2022. Domains under management have grown from 1.85 million to over 4.68 million today.
Financial Highlights of the Company:
The Company experienced robust financial results in fiscal 2022 as set forth below:
- Revenues of $45,003,750 for fiscal 2022 as compared to $36,426,887 in fiscal 2021, an increase of 23.5%. The increase in revenues for fiscal 2022 was due to an increase in domains under management and from an increase in the sale of ancillary services.
- Gross profit of $8,016,528 or 17.8% of revenues an increase of 16.9% compared to $6,856,759 or 18.8% in 2021.
- Operating income of $1,965,956 in fiscal 2022 as compared to operating income of $1,407,828 in fiscal 2021 an increase of 39.6%.
- Adjusted ebitda*increased 22.7% to $3,100,868 in fiscal 2022 from $2,526,960 in 2021.
- Total Bookings* of $46,408,578 in fiscal 2022 as compared to $45,092,257 in fiscal 2021 an increase of 2.9%.
- Net cash provided by operating activities of $1,754,363.
- Investment portfolio valued at $5,804,849 as of December 31, 2022
You can view the full release here
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