M+M turns $22m profit into $10m loss

by Kevin Murphy
Minds + Machines today reported a 2015 loss of $10 million and further outlined its “transformative” restructuring and China strategy. It’s the second full year of operating results M+M has posted since its first new gTLDs went live, and they’re not encouraging. Revenue for accounting purposes was $6.3 million, but the cost of sales was $6.2 million, leaving gross profit of just $101,000.Read the full article