Never miss an issue of Master Investor Magazine – sign-up now for free!
AIM-listed domain registry firm Minds + Machines (LON:MMX) said that revenues for the year ended 31st December were solidly up and that renewal revenues doubled during the period. The company also saw significant growth in its North American operations over the course of the year, which overtook the European and Chinese arms in terms of sales.
CEO Toby Hall said: “A strong Q4 of sales through the registrar channel is allowing management to deliver on its strategy of transforming MMX into a stable, growing, cash generative business built around organic growth, innovation and accretive acquisitions. Pleasingly, the significant momentum we created last year has continued into the early part of 2019 supported by the strategic acquisition of ICM which is delivering to plan“.
The Minds + Machines’ share price rose by 2.63% to 5.85p (as of 15:00 GMT).