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NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) reported earnings for Q1 2025. This was their highest quarterly revenues and 72.4% Increase in Operating Income.
Financial Highlights of the Company:
The Company’s financial results in fiscal Q1 2025 are set forth below (all figures in Canadian dollars):
- 10th consecutive quarter and 7th year of consecutive revenue growth.
- 14th consecutive quarter of net operating income.
- Record revenues of $15,872,636 for Q1 2025 as compared to $12,801,965 in Q1 2024, an increase of 24.0%. The increase in revenues for Q1 2025 was due to an increase in domains under management, marketplace revenues, and from the sale of ancillary services.
- Gross Profit of $4,132,472 or 26.0% of revenues in Q1 2025 vs $2,661,498 or 20.8% in Q1 2024. Highest gross margin in the Company’s history.
- Operating income of $1,952,826 for Q1 2025 compared to $1,132,805 in Q1 2024 an increase of 72.4%.
- Net income of $1,622,623 in Q1 2025 compared to net income of $1,214,490 in Q1 2024 an increase of 33.6%.
- Adjusted EBITDA* of $1,987,836 for Q1 2025 as compared to $1,669,670 in Q1 2024
- Total Bookings* of $17,469,320 in Q1 2025 compared to $13,984,557 in Q1 2024 an increase of 24.9%.
- Total deferred revenues of $33,067,351 as of March 31, 2025, vs $31,470,667 at December 31 2024.
- Cash and cash equivalents of $3,795,380.
- Investment, convertible loans totaling $4,607,758.
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The post NameSilo Q1 2025 shows Record Quarterly Revenues appeared first on TLD Investors.
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