2015-08-04

Rightside Q2 2015 Financial Results, $NAME, Conference Call, August 4

Rightside: Nasdaq:NAME one-year stock chart (4 Aug 2015 10:58 AM EDT)
Rightside: Nasdaq:NAME one-year stock chart (4 Aug 2015 10:58 AM EDT) (source: google.com)
New gTLDs Registry Operator and Domain Names Registrar Rightside Group, Ltd. (Nasdaq:NAME), (UPDATE) announced second quarter 2015 (Q2 2015) financial results after market close on August 4, 2015 (see details below). A conference call and audio webcast with investors and analysts followed at 4:30 p.m. Eastern Time (1:30 p.m.Pacific Time):
Rightside (NASDAQ:NAME)  Q2 2015 Financial Summary
Rightside (NASDAQ:NAME)  Q2 2015 Financial Summary
UPDATE: Rightside Announces Second Quarter 2015 Financial Results (NASDAQ:NAME):
Q2 2015 Net loss: ($5,673,000) (Press Release pdf) see also: Rightside misses by $0.08, beats on revenue - Seeking Alpha: "Rightside (NASDAQ:NAME): Q2 EPS of -$0.30 misses by $0.08."

Second Quarter 2015 Financial Highlights
(Unless otherwise noted, all comparisons are relative to the fiscal second quarter 2014.)
  • Registrar services revenue increased 10% to $43.3 million compared to $39.4 million.
  • Registry services revenue increased to $1.9 million compared to $216 thousand.
  • Aftermarket and other revenue was $7.5 million compared to $7.1 million. 
  • Total revenue increased 12% to a record $52.2 million compared to $46.7 million.
  • Adjusted EBITDA was $0.8 million, compared to Adjusted EBITDA of ($0.8 million). 
Business Highlights
  • Rightside has signed registry operator agreements with ICANN for 39 gTLDs to date, adding three new gTLDs in Q2: .FAMILY, .STUDIO, and .LIVE. Rightside also has an interest in 16 additional gTLD applications that have yet to be awarded to their ultimate registry operator.
  • As of June 30, 2015, 35 of Rightside's owned and operated gTLDs were in "general availability"; generating $3.5 million in year to date GAAP revenue as of June 30, 2015 and over 330,000 registrations to date.
  • Rightside's retail registrar, Name.com, grew revenue more than 25% year over year with over half of that growth driven by higher margin new gTLDs.
  • With over 16 million total domains under management as of June 30, 2015, including over 2.7 million domain names registered through its retail outlets, Rightside remains one of the world's largest registrars.

About Rightside: In addition to being a new gTLDs registry operator (United TLD Holdco Ltd., unitedtld.com), Rightside brands include eNom (enom.com) and Name.com. Headquartered in Kirkland, WA, Rightside has offices in North America, Europe, and Australia.

Stock Exchange:SYMBOL (check price now): NASDAQ:NAME 
50 Day Avg. Daily Volume  74,589
52 Week High/Low   $17 / $6.05
Market cap  USD $127,743,056

Principal domain name: rightside.co
Investor Relations Website: investors.rightside.co
SEC filings: http://investors.rightside.co/sec.cfm - note: insiders acquired 49295 shares at -0- cost on August 3, 2015

See also: SEC filing August 3, 2015:
Item 1.01 Entry into a Material Definitive Agreement.
Item 1.02 Termination of a Material Definitive Agreement.
"On July 31, 2015, eNom Incorporated (“eNom”), a domestic subsidiary of Rightside Group, Ltd. (“Rightside”), United TLD Holdco Ltd., a foreign subsidiary of Rightside, and Namecheap, Inc. (“Namecheap”) entered into a Master Agreement (the “Agreement”). The Agreement amends and replaces the Amended and Restated Letter Agreement between eNom and Namecheap dated April 1, 2011, as amended through June 30, 2015. The term of the Agreement is through December 31, 2018 and will automatically renew for an additional three year term unless either party provides notice of non-renewal at least 30 days prior to the automatic renewal date.
"The Agreement obligates Namecheap to exclusively sell certain enumerated domain name registration services on eNom’s platform through at least December 31, 2016. In addition, Namecheap will market Rightside’s gTLDs.

"In addition, effective on August 1, 2015, Rightside and Namecheap entered into Amendment No. 3 of Senior Unsecured Promissory Note (“Note Amendment”). The Note Amendment extends the term of the Senior Unsecured Promissory Note dated October 17, 2014, as amended, from July 31, 2015 to December 31, 2015.

"The foregoing description is a summary and does not purport to be a complete description of the Agreement and the Note Amendment and is qualified in its entirety by reference to the Agreement and the Note Amendment, each of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2015. The Company intends to request confidential treatment of certain terms of the Agreement in connection with the filing of the Agreement in accordance with the procedures of the Securities and Exchange Commission."




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