Top Level Domain Holdings, the parent company of Minds + Machines, has reported another six months of steep losses as it patiently waits for ICANN to launch its new TLD round.
The company, which is listed in London, reported revenue for the period to the end of April of £32,000 ($49,000), with a loss of £462,000 ($708,000).
TLDH still has almost £4m in cash and equivalents, so it’s not likely to go out of business before the new TLD round commences. Unless the round is delayed by litigation, of course.
M+M has apparently been tightening its belt a little since April. I’m aware of at least one key employee who is no longer working there.
TLDH says in its interim report that it expects ICANN to finalize its Applicant Guidebook in November and announce the application window for the first round in Cartegena in December.
While that’s definitely compatible with noises ICANN’s chairman was making in Brussels, I know I’m not the only person who believes this is a somewhat optimistic estimate.
The report also makes reference to the issue of registry-registrar integration, noting that the ICANN Nairobi resolution to prohibit cross ownership benefits M+M, which is not a registrar.
TLDH’s share price closed up 2% today.