This story was published more than 10 years ago.
Key financial indicators for the period ending March 31st were:
Net loss of $2.2 million (Q1,2011: $600,000 loss)
Total revenue of $5.3 million (Q1,2011: $6.0 million)
Total expenses of $7.5 million (Q1,2011: $6.5 million)
Net cash of $16.7 million (Q4,2011: $16.6 million)
Signed three licensing deals for CryptoLogic games with operators Betdaq, Loto Quebec and NeoGames
$35.8 million takeover by Amaya Gaming Group Inc
In February CryptoLogic recommended a $35.8 million cash offer from Amaya, which now possesses 88.15% of CyrptoLogic's shares
Even with the decrease in revenues the company remains debt free.