Minds + Machines has released a Q2 update showing good growth in domain name sales and progress establishing a direct premium name sales team. Management of operating costs remains a key priority and $1.3m of annualised savings have already been achieved as a result of headcount reductions in June. Further costs saving measures are being reviewed with the group targeting a crossover into cash profitability in 2016. The cash position remains strong at $46.9m with an announcement regarding a poten ....
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Domain sales growing, cash position strong
- Published:
30 Jul 2015 -
Author:
Tintin Stormont -
Pages:
3
Minds + Machines has released a Q2 update showing good growth in domain name sales and progress establishing a direct premium name sales team. Management of operating costs remains a key priority and $1.3m of annualised savings have already been achieved as a result of headcount reductions in June. Further costs saving measures are being reviewed with the group targeting a crossover into cash profitability in 2016. The cash position remains strong at $46.9m with an announcement regarding a poten ....