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NameSilo reports 2020 year end results

namesilo 2020 year end results

NameSilo Technologies (CSE:URL) (OTC:URLOF)(CNSX:URL.CN) released their 2020 year end results. The registrar has now become the 12th largest registrar. with over 3.9 million active domains under management. Data source as of December 2020.

The report also pointed out NameSilo Technologies also manages a portfolio of public and private investments. 2020 was a strong year as the portfolio returned over 380% and as of the end of 2020 the value of the securities, not including cash, stood at $11,637,137. Last February they sold over $800,000 in Bitcoin.

Financial Highlights of the Company:

The Company experienced robust financial results in fiscal 2020 as set forth below:

  • – Revenues of $31,050,980 for fiscal 2020 as compared to $27,166,213 in fiscal 2019, an increase of 14.3%. The increase in revenues for fiscal 2020 was due to an increase in domains under management and from the launch of new ancillary services.  
  • – Over 65% of revenues were generated by customers who were customers from the prior fiscal year. – Net Income of $6,479,610 in fiscal 2020 as compared to a net loss of $4,040,758 in fiscal 2019. – Earnings per share of $0.09 in fiscal 2020 compared to a loss of $0.07 in 2019
  • – Total Bookings* of $32,573,395 in fiscal 2020 as compared to $29,899,819 in fiscal 2019. – Investment portfolio increased in value by $9,269,363 or 391% in 2020
  • – Total debt outstanding was reduced from $10,104,376 9,994,376 to $5,793,818

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