File Q3 Revenues and Whole Bookings*
VANCOUVER, BRITISH COLUMBIA – TheNewswire – November 30, 2021 – NameSilo Technologies Corp. (CSE:URL) (CNSX:URL.CN) (OTC:URLOF) (the “Company”), one of the fastest growing domain registrars in the world, is pleased to announce the financial results for the quarter ending September 30, 2021. The financial statements and related management’s discussion and analysis (“MD&A”) can be viewed on SEDAR at www.sedar.com.
- Record Revenues of $9,217,902 for Q3 2021 as compared to $8,070,601 in Q3 2020, an increase of 14.2%. The increase in revenues for Q3 2021 was due to an increase in domains under management, marketplace revenues, and from the sale of new ancillary services.
- Gross Profit of $1,348,599, or 14.6% of its revenues. This is an increase of 19.1% from Q3 2020
- Operating loss of $174,787 for Q3 2021 compared to a loss of $249,419 in Q3 2020 – There was a reallocation of consulting fees from other expenses, which resulted in higher consulting fees and a loss for the three months ended September 30, 2021.
- Adjusted EBITDA* of $97,886 for Q3 2021 compared to $365,437 in Q3 2020
- 9 month adjusted EBITDA* $839,871 for 2021 vs $639,670 in 2020
- Record Total Bookings* of $12,383,394 in Q3 2021 up 47.3% as compared to $8,408,670 in Q3 2020 and up 24.6% from Q2 2021.
- Total debt outstanding was reduced from $4,240,000 (June 30, 2021) to approximately $3,900,000.
- 9-month net cash provided by operations $3,564,845 vs $1,548,315 in the year ago period.
- Total deferred revenues of $23,679,079 as at September 30 2021 vs $17,856,522 at September 30 2020.
NameSilo has grown to be the 11th Largest Domain Registrar in the world (according to RegistrarOwl.com) with over 4.5 million lively domains below administration and prospects in roughly 160 international locations.
The Company continues to invest significant resources to launch a number of new products and services which are expected to significantly increase future revenues and improve gross margins. Along with a new and more functional website the Company has launched hosting services, email products, a free logo maker, security products, several new domain services and more all while maintaining some of the lowest prices in the industry. NameSilo now accepts over 150 payment methods including most major credit cards, Web money payments such as Apple Pay, Venmo, Alipay and more. The Company was also one of the first companies in the industry to accept bitcoin.
NameSilo LLC will focus on adding value-added products to offer customers a one-stop source for essential services related to their domains. The Company believes that these new products will further increase core revenues and margin growth for NameSilo, improve customer retention and improve the value proposition to the customer base.
NameSilo Technologies Corp.
President, CEO and Director
Kristaps Ronka, CEO
About NameSilo Technologies Corp. and NameSilo LLC
NameSilo Technologies Corp. invests its capital in corporations and alternatives which administration believes are undervalued and have potential for important appreciation. The corporate makes investments in each private and non-private markets and focuses on alternatives in all kinds of industries excluding the useful resource and useful resource service sectors. NameSilo doesn’t make investments on behalf of any third-party and it doesn’t provide funding recommendation.
NameSilo LLC is a low-cost supplier of area title registration and administration companies. As an accredited ICANN registrar, NameSilo is without doubt one of the quickest rising area registrars on the planet with roughly 4.5 million lively domains below administration from roughly 160 international locations.
Disclaimer for Ahead-Trying Info
Sure statements on this information launch are forward-looking statements, which replicate the expectations of administration concerning potential future investments by the Firm. Ahead-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements. No assurance might be on condition that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Firm will get hold of from them. These forward-looking statements replicate administration’s present views and are primarily based on sure expectations, estimates and assumptions which can show to be incorrect. A variety of dangers and uncertainties might trigger the Firm’s precise outcomes to vary materially from these expressed or implied by the forward-looking statements.
*Non-IFRS Monetary Measure
Readers are cautioned that “Adjusted EBITDA” and “whole bookings” are measures not acknowledged below IFRS. Adjusted EBITDA is outlined as earnings earlier than curiosity earnings, taxes, depreciation and amortization, share-based compensation, restructuring prices, impairment expenses and different non-recurring positive aspects or losses. Administration believes Adjusted EBITDA is a helpful measure that facilitates period-to-period working comparisons. Whole bookings contains the total amount of money obtained from new area bookings, renewals and different associated companies. Whereas, below IFRS, the Firm data income from area reserving and renewal charges on a straight-line foundation over the lifetime of the contract time period. Nevertheless, the Firm’s administration believes that “whole bookings” offers traders with perception into administration’s decision-making course of as a result of administration makes use of this measure to run the enterprise and make monetary, strategic and working choices. Additional, “whole bookings” additionally offers helpful perception into the Firm’s working efficiency on a yearly foundation. “Whole bookings” should not have standardized meanings prescribed by IFRS and subsequently is probably not corresponding to comparable measures introduced by different issuers. Readers are cautioned that “Adjusted EBITDA” and “whole bookings” aren’t a substitute for measures decided in accordance with IFRS and shouldn’t, on their very own, be construed as indicators of efficiency, money circulation or profitability.
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