NameSilo's financial figures show net income of $1.5 million

Digital Pandit

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Fast-growing registrar NameSilo yesterday reported its financial results for 2018.

The Canadian company reported revenue of CDN 17.2 million ($13.3 million) for the year, up from CDN 10.4 million ($8.1 million) in 2017.

Net income was CDN 1.92 million ($1.48 million), compared to CDN 565,000 ($435,000).

Bookings were CDN 28.78 million ($21.45 million), up from CDN 14.04 million ($10.81 million) in 2017.

These are the results of NameSilo LLC, the operating registrar subsidiary of the listed entity, NameSilo Technologies Corp, which is listed on the Canadian pink sheets. The former reversed into the latter in August.

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