Record Third Quarter From Nyx Gaming Group

But net profit impacted by Ongame losses and restructuring and acquisition strategies

NYX Gaming Group has produced another record-breaking quarter for the three month period ending September 30, 2015, primarily driven by license and royalty revenues.
Performance highlights for the three month period ending September 30, 2015 include:
-Revenue of C$13.3 million, 111.6 percent growth year-over year;
-Organic Revenue excluding acquisitions of C$10.3 million or 63.5 percent year-over year growth;
-Royalty and License Revenue C$11.5 million;
-Gross Profit of C$11.1 million, up 83.5 percent;
-Net profit (loss) was $(6.5) million (Q3/2014: C$0.8 million) as a result of $6.6 million in acquisition and restructuring expenses and Ongame losses of $2.5 million over the third quarter period period.
-Adjusted EBITDA of C$(1.4) million and C$(2.4) million for the three and nine month periods;
-Basic and diluted earnings (loss) per share of C$(0.14) and C$(0.14) and $0.06 and $0.06 for the three and nine month periods;
"I'm pleased to announce that Q3 marked another record breaking quarter for NYX and an important step in our multi-year plan to gain scale and relevance as a diversified high growth content and technology supplier to the gaming space," commented chief executive officer, Matt Davey.
"We saw excellent growth in revenue and gross profit and now boast the largest content portfolio combined with one of the broadest distribution bases in the industry with over 170 unique customers."

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts