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Top Level Domain Holdings Reports Annual Financial Results

April 15, 2010Domaining, Domainnamewire, mind and machines, top level domain holdings, UncategorizedComments Off on Top Level Domain Holdings Reports Annual Financial Results

New top level domain company reports financial results.

Top Level Domain Holdings Limited (AIM:TLDH) today reported financial results for the year ending October 31, 2009. TLDH is parent company of new TLD consulting company Minds + Machines.

For the year, TLDH lost about £1.4M on revenue of £0.315M. Much of its revenue was from a portfolio of domain names and two web sites including an iPhone app review site. In November it sold its entire portfolio of mainly German and other European parked domain names for $250,000, writing off £154,000.

Last year the company acquired a 15% interest in dotNYC LLC for $180,000, valuing the company at $1.2M post money. It acquired 25% of dotEco LLC for $400,000, giving the company a $1.6M post money valuation. When you think about it, these are rather high valuations for companies that are merely planning to apply for their respective new TLDs.

The company had about £$4.2M cash at the end of the fiscal year, meaning it should have enough to ride out the period between now and when new TLDs actually launch.

© 2009.

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