03:03 PM EDT, 05/01/2025 (MT Newswires) -- NameSilo Technologies ( URLOF ) , a domain registrar, was at last look down 6% from shy of 52 week highs as net loss widened in the fourth quarter, despite higher revenues, while the company said it is ready to "deploy our robust cash flow into strategic investments....that will drive the next phase of our growth".

For Q4, net loss was $1.623 million for basic and diluted loss per share of $0.02, wider than a net loss of near $192,000 or $0.00 a year earlier.

The company showed a net income of $304,878 in 2024 compared to a net loss of $1.28 million in 2023, with an adjusted EBITDA of $2.88 million for 2024, up 16%, as compared to $2.48 million in 2023.

It had record revenues of $14,904,237 for Q4 2024 as compared to $12,590,417 in Q4 2023, an increase of 18.4%. The increase in revenues for Q4 2024 was due to an increase in domains under management, marketplace revenues, and from the sale of ancillary services.

Among other highlights, the company had total bookings of $16,919,028 in Q4 2024 compared to $11,851,825 in Q4 2023, and operating cash flow of $2,988,046 in Q4 2024 versus $1,049,543 in Q4 2023.

"2024 marked a pivotal year in our company's journey," said CEO Paul Andreola. "We achieved record-breaking results across revenue, gross profit, and operating profit, reflecting the strength and resilience of our business model. Our substantial growth in free cash flow has enabled us to reduce debt to near-zero levels and build a strong, expanding net cash position. Crossing the milestone of 5 million domains under management has firmly established us among the top-tier domain registrars in the industry. As we look ahead, we're excited to deploy our robust cash flow into strategic investments, including continuing to buy back Namesilo ( URLOF ) shares as appropriate, that will drive the next phase of our growth."

Price: 0.94, Change: -0.06, Percent Change: -6.00