Radix expected to make $12 million in revenue in 2017

Radix revealed that it has reached $11.7 million in annual revenue and will surpass the $12 million milestone before the end of  the calendar year 2017. This is the first time that Radix, a self-funded company, has shared its financial numbers.

The report didn’t offer much for comparison from the previous years. And of course all these numbers are revenue and not profit. Being a private company means they can share what they want and when they want to.

The $11.7 million does not include revenue generated in the month of December. The figure also excludes the complete renewal-revenue from domains expiring in November and December as registrants have up to 45 days to renew their domains.

In spite of this, Radix reported that more than 50% of the total revenue has been contributed by non-premium domain renewals.  The recurring revenue of non-premium domains was almost 2X  of new registrations. Of the total revenue, $1.76 milion can be attributed to premium domains sold & renewed on registrar storefronts as well as one-time premium sales made directly by Radix. One-time premium sales contributed to 14% of this whereas recurring premiums made up the remaining 86%.

Despite being inactive in China through most of Q3 (due to the MIIT restrictions), total revenue in the quarter showed an upward trend. Overall, Radix will be ending 2017 on a high as the November was its best month in terms of new registration revenue.

Drilling down the annual revenue based on registrar country, US was the top contributor with 49.6% of the total share followed by Germany at 14.4% and China at 7.7%.

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About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He loves domains and building websites. He is online since 1995, learned about html in 1996 and got into domains in 2002. He started the OnlineDomain.com blog in 2012.

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