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ICM Registry acquisition 'a major step forward' for Minds + Machines

Toby Hall, chief executive of Minds + Machines Group Limited (LON:MMX), discusses with Proactive's Andrew Scott their decision to acquire ICM Registry LLC - a Florida-based owner of four high value, niche top level domains.

ICM reported US$7.27mln of net sales in 2017, generating net income of US$3.5mln. Notably, 78% of the revenue was renewal based, while 14% were premium sales.

Hall also talks through Minds + Machines Group's 2017 results - in which they've confirmed their maiden year of profitability.

MMX reported a US$3.8mln profit, improving from the US$4.5mln loss in the preceding year and operating earnings (EBITDA) amounted to US$5.3mln, from a US$1.3mln loss.

 

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