Minds + Machines has a hand in 20 uncontested gTLDs, 13 of which have launched to date, as well as five geographical gTLDs, is partnering on a further four uncontested gTLDs one of which has launched and is the back end registry service provider for a further five clients of which two have launched. These are some of the highlights of an update the group provided on its portfolio of new gTLDs aimed at shareholders.

Of the 20 gTLDs it wholly owns, the 13 to have launched account for 46,501 registrations at the time they compiled the update. The largest of these is .work with 20,605 registrations, while no other has topped the 10,000 registrations mark.

But the most successful of its gTLDs has been .london which has 62,143 registrations while .bayern has 29,351 and its only other geo gTLD to have launched to date, which Knipp is the back end provider, .nrw has 7,701.

It also has a hand in one other gTLD with over 10,000 registrations – .kiwi – which has 11,406.

Since 1 January 2015, the Minds + Machines’s portfolio has achieved over 63,000 registrations.

Looking to the future, the Directors anticipate contested domains should mainly be resolved through the private auction process before the end of Q3 2015. Those that are not resolved through the private auction process are likely to go to an ICANN auction of last resort where ICANN retains the winning bidder’s funds rather than those funds being divided amongst the competing bidders. Currently, cash reserves stand at $48 million.

It is also anticipated registration revenues should build significantly in the second half of the current financial year as a result of: planned domain launches in that period, including .law and .abogado, domain name renewals and the impact of its Premium Name activity currently being developed.

“We believe the Group is strongly positioned to compete in the remaining auction rounds,” said Antony Van Couvering, CEO of Minds + Machines. “We are likewise encouraged by the Group’s ability to have grown its cash reserves since 31 December whilst completing seven top-level domain launches during that period. Our focus is now on the successful commercialisation of those domains already launched and the phased launch programme for our remaining domains to maximise the penetration of each in their given markets.”

For more details see investors.mindsandmachines.com/2015/04/gtld-portfolio-update-2/.