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
- 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.