Minds + Machines Reports: Sales Increase 4,114%; Revenue 255%; Shares Are Up 9.5%

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Minds + Machines Group Limited (AIM:MMX) issued its financial report for the six months ending  June 30, 2014 today.

Total sales increased 4,114% to £295,000 against £7,000 for the same period in 2013;  Operating profit was up 255% at £2.92 million against a 2013 loss of £1.88million,  and wound up with £20 Million  in the bank as of June 30th up from £9 Million  as of the end of December 31st, 2013

You can read the full report here.

Operational Highlights:

  • Significant growth in revenue (up 4114%), operating profit (up 255%), cash and cash equivalents (up 120%) and net assets (up 89%);
  • Participated in 12 private auctions auctions for new domain name extensions, securing an additional 4 gTLDs raising our portfolio of wholly owned or partially owned gTLDs to 24;
  • First domains within portfolio successfully launched; and
  • Expansion of consumer-focused registrar services, due to launch in early Q4, progressed.

Shares of Minds + Machines are up 9.5% today in trading in London at 11.50P.

Shares of the company have a 52-week high of 19.38p and a  52-week Low of 4.30p

Based on the current share price of 11.5P, the company has a Market Cap of £95.37 Million.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. David De Jongh Weill says

    Profits from gTLD private auctions from the MMX interim results were £7.1 million in the 6 month period which is approximately $11.4 million. I find these financial results to be absolutely stellar and am delighted to be a shareholder in the company.