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Minds + Machines Group 'now generating real cash' as business momentum continues

Minds + Machines Group Ltd's (LON:MMX) Toby Hall caught up with Proactive London's Andrew Scott to discuss the firm's interim results to June 2019.

The internet registry, which owns internet TLDs including .luxe and .xxx, generated revenue of US$8.9mln in the six months to 30 June, up 39% compared to this time last year.

Operating profits before exceptional costs and net of auction revenue increased fourfold to US$2.7mln, enabling a swing to a statutory profit before tax of US$1.7mln compared to a first-half loss of US$14.7mln last time.

Quick facts: Minds + Machines Group Limited

Price: 4.48 GBX

AIM:MMX
Market: AIM
Market Cap: £40.41 m
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Minds + Machines reports 'very solid first half' for core business with cash...

Minds + Machines Group Limited's (LON:MMX) Toby Hall talks to Proactive London about their first half performance. Hall focuses on the 'bedrock of their business' which is new registrations which are up 31% - a continuation of growth. He says their 'goal is to produce reoccurring revenue....

3 weeks ago

2 min read