NameSilo Technologies Corp. (OTC:URLOF)

NameSilo Technologies Corp. (CSE:URL) (OTC:URLOF) ($0.93; $86.2M market cap) announced Q4 2024 and full year 2024 results (all figures in Canadian dollars):

• Q4 sales of $14.9 million vs. $12.6 million in the prior year
• Q4 loss per share of $0.02 vs. loss per share of $0.00 in the prior year
• Q4 operating cash flow of $3.0 million vs $1.0 million in the prior year
• Full year sales of $55.2 million vs. $49.0 million in the prior year
• Full year EPS of $0.00 vs. loss per share of $0.01 in the prior year
• Operating cash flow of $6.6 million in 2024 vs $2.8 million in 2023
• Over the past five months, NameSilo LLC has increased its number of managed domains by more than 650,000, making it one of the top 10 domain registrars globally.
• Share repurchases to continue

Management Commentary:

"It's been an exciting year at NameSilo—we've supercharged our site speed, rolled out powerful new features, and expanded our product lineup to better serve our growing global community. With a renewed focus on customer service, bold marketing initiatives, and our ongoing work with Saw.com to build a world-class brokerage platform, we're more energized than ever to keep raising the bar in the domain industry," said Kristaps Ronka, CEO of Namesilo LLC.

"2024 marked a pivotal year in our company's journey," said Paul Andreola,[CEO of NameSilo Technologies Corp]. "We achieved record-breaking results across revenue, gross profit, and operating profit, reflecting the strength and resilience of our business model. Our substantial growth in free cash flow has enabled us to reduce debt to near-zero levels and build a strong, expanding net cash position. Crossing the milestone of 5 million domains under management has firmly established us among the top-tier domain registrars in the industry. As we look ahead, we're excited to deploy our robust cash flow into strategic investments, including continuing to buy back Namesilo shares as appropriate, that will drive the next phase of our growth. I want to extend my sincere appreciation to our employees, customers, and shareholders for their continued dedication and support."

NameSilo Technologies Corp. provides domain name registration and related web services. Its offerings include a domain marketplace for buying and selling domains, as well as website hosting, website building tools, SSL certificates, premium DNS, and email services.

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