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Contagious Gaming Q1-2017 Report
Tuesday August 30,2016: CONTAGIOUS GAMING PLEASED WITH Q1 2017 RESULTS
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.
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
Huge Win at Bitstarz Casino -
There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.
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