Top Level Domain Holdings Notes Annual Financial Results
Fresh top level domain firm notes financial results.
Top Level Domain Holdings Limited (AIM:TLDH) today noted financial results for the year ending October 31, 2009. TLDH is parent firm of fresh TLD consulting firm Minds + Machines.
For the year, TLDH lost regarding £1.4M on revenue of £0.315M. Much of its revenue was from a portfolio of domain names and two web sites counting an iPhone app review site. In November it sold its entire portfolio of mainly German and other European parked domain names for $250,000, writing off £154,000.
Last year the firm purchased a 15% interest in dotNYC LLC for $180,000, valuing the firm at $1.2M post money. It purchased 25% of dotEco LLC for $400,000, giving the firm a $1.6M post money valuation. When you think regarding it, these are rather high valuations for firms that are merely planning to apply for their respective fresh TLDs.
The firm had regarding £$4.2M cash at the end of the fiscal year, meaning it ought to have enough to ride out the period between now and when fresh TLDs actually launch.
