Namesilo Technologies Corp - URLOF STOCK NEWS

NameSilo Technologies Corp's portfolio company Ola Media Innovations has secured a $1.6M strategic investment from Plaza Capital. Ola Media operates a network of touch screens in ride-share vehicles across five major Mexican markets, serving major brands like Coca Cola, Heineken, HBO Max, and Netflix. The company has initiated a financial audit in preparation for a planned public listing in Canada. Additionally, NameSilo Technologies has canceled 850,000 shares purchased through its normal course issuer bid.

NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) has repaid its outstanding loan of $3.9 million ahead of the October 28, 2024 maturity date. The repayment was primarily funded through free cash flow generated from the NameSilo business and a one-year loan of $1.5 million from Pathfinder Partners' Fund. CEO Paul Andreola highlighted that NameSilo's strong cash flow has enabled the company to grow operations, fund technology growth companies, and reduce debt. The new $1.5 million loan from Pathfinder bears 8% annual interest, is due in one year, and is secured against the company's personal property. With reduced debt, NameSilo plans to focus on revenue growth and strategic investments.

NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) announced strong Q2 2024 financial results, marking its 7th consecutive quarter and 6th year of revenue growth. The company reported:

- Record revenues of $13,175,765, up 9.7% year-over-year
- Gross profit of $2,883,791 (21.9% margin), highest in company history
- Operating income of $941,525, a 271% increase from Q2 2023
- Adjusted EBITDA of $1,131,093
- Total bookings of $15,397,276

NameSilo has grown to over 4.94 million active domains under management, with customers in approximately 160 countries. The company is focusing on adding value-added products to increase core revenues and improve customer retention.

Namesilo Technologies Corp. increases investment in Alchemy Labs Inc., a nanotechnology-powered industrial-coatings company. Alchemy's ExoShield windshield protection film products offer superior performance, endorsed by automobile enthusiasts and insurers. Alchemy's Defense division provides thermal-camouflage nanotechnology for military applications, receiving a $1 million contract from Defence Research and Development Canada.

Namesilo Technologies Corp. increases its investment in Ola Media Innovations Inc., now owning approximately 19.3% of the leading Ride-share Advertainment service in Latin America. OLA has shown significant growth with major international brands as clients and plans for further geographical and screen count expansion.

NameSilo Technologies Corp. (URL / URLOF) reports record quarterly revenues in fiscal Q3 2023, with $12,454,667, representing a 7.7% increase from Q3 2022. The company also achieved a gross profit of $2,263,532, operating income of $770,085, and an adjusted EBITDA of $987,857. However, the net loss of $103,394 in Q3 2023 was primarily due to a loss on investments of $693,543. NameSilo LLC has grown to over 4.75 million active domains under management and customers in approximately 160 countries since its acquisition in August 2018, with revenues increasing from approximately $10.6 million in 2017 to over $45.0 million in 2022.

NameSilo Technologies Corp. announces normal course issuer bid