Revenue surges at domain registrar as domains under management continue to grow.
NameSilo (CSE: URL) (PINKSHEETS: URLOF) has released its earnings for Q1.
For the quarter, the company grossed CAD $15.9 million, up from CAD $12.8 million in the same quarter of 2024. That's a solid 24% year-over-year growth.
It was the 10th consecutive quarter of revenue growth for the company.
Gross profit clocked in at CAD $4.1 million, up from CAD $2.7 million in Q1 2024.
The domain name registrar has 5.8 million domains under management, an increase of 0.1 million in Q1.
The earnings results also disclose the results of domain brokerage Saw.com, of which NameSilo owns a portion of the equity. Saw grossed CAD $2.4 million in Q1, and it netted CAD $0.5 million.