StockMarketWire.com - Minds + Machines narrowed its FY pretax loss to $2.4m, from a restated loss of $4.7m previously. Billings totalled $15.8m, from $7.9m.

"We continue to have significant scope for billings and revenue improvement as the Group's premium and standard name inventory across its world-class portfolio of top-level domains is better monetised," said CEO Toby Hall.

"In short, the progress we made in 2016 to restructure the business into a pure-play registry and cost efficiently enter new markets has built strong foundations for the current year and beyond," he said.

Hall added that Minds + Machines remained confident in its ability to deliver meaningful value as it continued to grow its domains under management and resulting revenues and transition the group into a highly predictable annuity based business of scale.






At 9:52am: [LON:MMX] Minds Machines Group Ltd share price was +0.25p at 10.75p



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