MMX (aka Minds + Machines) was in the news quite a bit last year after posting strong for the first half of 2019 with 39% growth over the same time period in 2018. While MMX plans to release a full update on 2019 later this month, they’ve already begun to share data that shows the rest of the year continued at a nice clip.
Minds + Machines Group Limited (LON:MMX), the top-level domain registry company, has revealed that it has continued to trade well in the fourth quarter as it announced the completed renegotiation of an onerous legacy contract.
In a brief statement, the group said that further to its announcement of 18 July 2019, all existing and future liabilities, estimated at US$7.9mln, arising from that contract have been settled through a single one-off payment of US$5.1mln.(Source – ProactiveInvestors.co.uk)
Oh and for those who don’t know who MMX is and what they do, you probably already do but just didn’t know it. MMX operates a wide range of TLDs like .WORK, .LUXE, .WEDDING, .FASHION, .LONDON, .MIAMI and many more. You can see a full list of TLDs operated by MMX here.
I had the chance to meet Toby, the CEO of MMX last year in Portugal, he’s a sharp guy and took some time last year to sit down for an interview to talk about their success in the first half of the year.
If you haven’t watched the video yet and want to learn more, you can check it out below:
Congrats to the whole team over at MMX, it looks like they have a lot of wind in their sails going into 2020 and I look forward to continuing to follow the journey!