Monday , August 15 2022

NameSilo Technologies Corp. Announces Q1 2022 Results

NameSilo Q1 2022 Earnings

NameSilo (an advertiser here) posted Q1 2022 earnings. CEO Kristaps Ronka stated, “2022 has started off as we ended 2021, with strong momentum resulting in our second consecutive quarter of revenues exceeding $10 million.

Financial Highlights of the Company:

The Company experienced financial results in fiscal Q1 2022 as set forth below (all figures in Canadian dollars):

  • Record Revenues of $10,759,824 for Q1 2022 as compared to $7,989,594 in Q1 2021, an increase of 34.7%. The increase in revenues for Q1 2022 was due to an increase in domains under management, marketplace revenues, and from the sale of ancillary services. 
  • Gross Profit of $2,223,966 or 20.7% of its revenues in Q1 2022 vs $959,109 or 12.0% in Q1 2021 
  • Operating income of $758,650 for Q1 2022 compared to $32,650 in Q1 2021 
  • Net income $330,613 in Q1 2022 compared to a loss of $3,832,868 in Q1 2021 
  • Adjusted EBITDA* of $1,034,779 for Q1 2022 compared to $306,641 in Q1 2021 
  • Total Bookings* of $11,060,003 in Q1 2022 up 20.9% as compared to $9,150,792 in Q1 2021. 
  • 3-month net cash provided by operations $990,903 vs $1,477,566 in the year ago period. 
  • Total deferred revenues of $24,481,819 as at March 31 2022 vs $24,181,640 at March 31 2021. 

The post NameSilo Technologies Corp. Announces Q1 2022 Results appeared first on TLD Investors.

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