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NYX Has Record-Setting Third Quarter

Betting firm NYX Gaming Group has released their third quarter financial results, noting a large lead in Gross Profit and Revenues.

Key financial indicators for the quarter ending September 30th, 2015 were:

  • 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;

Commenting on his company's performance NYX CEO Matt Davey said, "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."

"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."

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