Contagious Gaming Pleased With Q1 2017 Results

By Brian Cullingworth, Last updated Sep 2, 2016

Achieves first positive EBITDA

Vancouver-based software developer Contagious Gaming reported on its first quarter 2017 results for the period ending June 30, 2016 saying it had achieved its first quarter of positive EBITDA.
First Quarter 2016 Highlights include:
– Revenue of $1,091,152, an increase of 420 percent year-on-year (Q1/2016: $209,938).
– Adjusted EBITDA of $190,528 compared to Adjusted EBITDA Loss of ($546,722) in Q1/2016.
– Adjusted Net Loss of ($439,254) compared to ($1,020,372) in Q1/2016
– Cash balance of $1,668,881 compared to $1,838,882 at March 31, 2016.
"Our results for the first quarter of 2017 continue to improve quarter over quarter. Most notably in the first quarter of 2017, we achieved our first quarter of positive EBITDA and Adjusted EBITDA," Peter Glancy, chief executive officer and director of Contagious Gaming said.
The company anticipates the launch of its expanded online gaming offer with the addition of fixed odds sports betting, visual sports betting and casino games integrated within its Goal Time product. Following the launch of its expanded online gaming offer, Contagious Gaming expects to offer a B2C and white label business initially in the UK.

Online Casino News Courtesy of Infopowa

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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