Domain Holdings releases financials through December — Top Level
TLDH releases annual note and earnings.
Top Level Domain Holdings, the only publicly traded pure-play top level domain applicant, today released its annual note and audited financials for the fourteen month period ending December 2012 (pdf).
The firm ended 2012 with £2.418 million in cash and cash equivalents on its books. That’s down from £7.074 million at the end of 2011.
That’s not a lot of cash with which to fight over contested strings, but the firm is working through that. It just entered into an agreement with Frank Schilling’s Uniregistry to run .country, which means it settled that contention set without paying up. It also raised up to $15 million to pursue one particular (and unnamed) string. I suspect it will enter into more partnerships and raise money in a similar fashion as the resolution of contention sets continues.
The firm generated £0.42 in revenue from its registry back end consulting services. It predicts that its first top level domains will go online in the middle of 2013, which will finally start generating meaningful revenue for the firm and its shareholders following many years of waiting.
The note also outlines a number of the firm’s joint ventures, counting its 50% interest in join ventures Rugby Domains Ltd, Basketball Domains Ltd, and Entertainment
Names.
