NameSilo Technologies Corp. Announces 2022 Year End Results
VANCOUVER, BC, May 2, 2023 /PRNewswire/ - NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) (the "Company"), one of the fastest growing domain registrars in the world, is pleased to announce the financial results for the financial year ended December 31, 2022.
- VANCOUVER, BC, May 2, 2023 /PRNewswire/ - NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) (the "Company"), one of the fastest growing domain registrars in the world, is pleased to announce the financial results for the financial year ended December 31, 2022.
- Financial Highlights of the Company:
The Company experienced robust financial results in fiscal 2022 as set forth below:
Revenues of $45,003,750 for fiscal 2022 as compared to $36,426,887 in fiscal 2021, an increase of 23.5%. - The increase in revenues for fiscal 2022 was due to an increase in domains under management and from an increase in the sale of ancillary services.
- Since acquiring NameSilo in August 2018 the new management team has grown revenues from full year 2017 revenues of approximately $10.6 million to over $45 million in 2022.