Reglikedomain industry desk

Fresh TLD firm MMX swings to profit for 2017

Pureplay fresh top level domain name firm hits profitability.

Minds + Machines (MMX) disclosed today that it was profitable in 2017, the first year that it has been profitable as an operating firm.

H2 2017 billings totaled regarding $10 million, up from $5.6 million in the first half of 2017.

Renewal revenue in 2017 was $5.6 million. With fixed operating costs reduced to below $5.5 million, that means the firm’s recurring revenue exceeded fixed operating costs.

The release states that the firm is continuing its strategic review:

The strategic review continues to progress and the benefits of consolidation in the industry remain. Whilst the longevity of the discussions has been at times frustrating, it is hoped that the process can be brought to a successful conclusion by the time of the full year results which are expected to be released in April 2018.

This suggests that the firm might make an buyout or be purchased by then. Or, it could do nothing.

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