Reglikedomain industry desk

NameSilo notes 2020 results

NameSilo notes 2020 results

Revenue grew by over 14% in 2020.

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NameSilo Technologies Corp. (CSE:URL), the parent firm of domain name registrar NameSilo, noted its earnings for 2020 this stretch.

The firm grossed $31.1 million for the year, up from $27.2 million in 2019. The firm credits an increase in domains under management and fresh ancillary services for the growth. NameSilo now has over 3.9 million domains under management and over half of those are .com domains.

NameSilo states that over 65% of the revenue was generated by clients who were clients in the prior fiscal year.

The firm swung from a $4.0 million loss to a $6.5 million profit from 2019 to 2020, but that change has little to do with the core registrar business; the holding firm’s investments in other firms increased in value by over $9 million.

NameSilo disclosed last year that it was in negotiations to be purchased, and states those discussions are still ongoing.

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