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TheDomains.com

Rightside (NAME) Is Up 20% In After Hours Trading

November 6, 2014 by Michael Berkens

After its first earnings report as a public company, Rightside (NAME) is up about 20% in after hours trading.

Rightside is currently trading at $11.26 up $1.85 from its closing price of $9.41

Rightside has a 52 week low is $8.96 and its 52 week high of $17 but just started trading on August 1st 2014.

Here are the highlights:

Rightside reported 16 Million domains under management through its registrars.

Over all Rightside’s registrars are experiencing a 75.2% renewal rate overall.

The new gTLD gave Rightside’s registrars a 4% increase average profit per domain name.

Based on the September 30, numbers Rightside’s profit for a new gTLD domain name registration is about $30 a domain or three times higher than the cost of a .com

Rightside finished the quarter with cash and cash equivalents of $50.9 million.

Rightside has a market cap based on its closing price today of $173.28M

Rightside still has an interest in over 40 more new gTLD applications, all but 5 are with Donuts.

According to gtldstats.com, Rightside is now the 8th biggest registry with almost 110,000 registrations.

However all the numbers in the earnings call were based on close of business on September 30, 2014 before .attorney and .lawyer launched

Maybe the most interesting part of the earnings call was that only one stock annalist had a question. Typically during earnings call I have listened to there are a ton of big investment firms that have questions about the company which to me means very few stock firms are following the company.

Disclaimer my company Worldwide Media, Inc owns some shares in Rightside.

Filed Under: Domain Registrars, Domain Registries, New gTLD's, Publicly Traded Domain Co, Rightside

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.

« Rightside’s 1st Earnings Report: Revenue Up 15%: Makes $8.6 Million By Losing gTLD Apps
German Court Says Domain Registrar Can Be Held Liable For the Infringement of their Customers »


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