Gambling firm NYX Gaming Group has posted their full year 2015 financial results, noting increases in revenue and profit, but EBITDA falling.
Key financial indicators for the full year ending December 31st, 2015 were:
Revenues for the year of $52.3 million, up 91.8% from the year prior
Gross profit up to $44.8 million, which is an increase of 86%
Gross margins of 85.6%, down from 88.3% the year prior
EBITDA down 112.7% for a loss of $773,000, down from a $6.1 million profit the year prior
Net losses up 19.9% to $8.4 million
Commenting on his company's performance NYX CEO Matt Davey said, "I am pleased to announce that 2015 was another outstanding and remarkable year for NYX; we achieved growth in both revenue and gross profit. Our ongoing performance is a reflection of our ability to deliver content and technology services that meet the demands of the digital gaming industry. The momentum we gained from executing a robust strategy highlights our continued commitment to delivering long-term shareholder value."