NameSilo Technologies Corp (TSE:URL) has released an update.
NameSilo Technologies Corp. has reported a record annual revenue of $48.96 million for 2023, marking an 8.8% increase from 2022, and a significant rise in Q1 2024 revenue to $12.8 million, up 7.5% from the previous year. The company saw an impressive 649% jump in 2023’s Adjusted EBITDA and turned a net loss in 2023 into a net gain in Q1 2024. These financial gains are attributed to growth in domains managed, marketplace revenues, and ancillary service sales.
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