Cryptologic Releases Positive Third Quarter Results

This story was published more than 8 years ago.

Online gambling software designer CryptoLogic Limited has released its third quarter financial results, with numbers showing improvement for the company.

Key financial indicators for the third quarter included:

  • Total revenue increased to $7.2 million (Q2,2011: $7.0 million)
  • Total expenses reduced to $5.9 million (Q2,2011: $6.5 million)
  • Income before tax increased to $1.3 million (Q2,2011: $0.5 million)
  • Revenue from hosted casinos rose to $6.5 million (Q2,2011: $5.7 million)
  • Branded game revenues dropped to $1.4 million (Q2,2011: 2.1 million)
  • Poker revenues rose to $300,000 (Q2,2011 $200,000)
  • Operating expenses were lowered to $4.5 million (Q2,2011 $4.5 million)
  • Cash on hand equaled $15.2 million, up from $12.0 million on June, 30th