Minds + Machines Issues Financial Report For The Six Months Ending June 30,2014

Minds + Machines issued recently its financial report for the first six months ending June 30,2014.The report shows a 4,114% increase from the same period a year ago.

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.

“These   are   exciting   times   and   we   are   still   only   at   the   very   early   stages   of   the   new   generic   TLD   roll-out programme. During the first half of the year, we have focused both on how best to grow our portfolio of wholly or majority owned top level domains and how best to address the markets for our existing portfolio of TLDs. We believe that the overall performance of our new TLDs, and the Group as a whole,greatly benefits from our having our own additional registrar channel through which to market and sell our new TLDs including our portfolio TLDs, directly to consumers,” said Executive Chairman, Fred Krueger.

You can see the entire report here.