NYX Financials Up 308.9%

US betting group NYX Gaming Group has released their third quarter 2016 financial results, noting revenue increases of 308.9% when compared to the same period last year.

Key financial indicators for the third quarter ending September 30th, 2016 were:

  • Revenue of C$54.4 million (Q3/2015: C$13.23 million), an impressive increase of 308.9 percent.
  • Royalty and License revenue increased 130.9% to C$26.5 million (Q3/2015: C$11.5 million).
  • Professional services revenue of C$24.7 million (Q3/2015: C$0.4 million).
  • Gross profit amounted to C$49 million (Q3/2015: C$11.1 million), up 342.1 percent.
  • Gross profit percentage was 90.3% (Q3/2015: 83.5 percent).
  • Net income of C$41.4 million (Q3/205: loss of C$6.5 million).
  • Adjusted EBITDA was C$14.5 million (Q3/2015: C$ 1.1 million).

Commenting on his company's performance NYX CEO Matt Davey said, "NYX continues to deliver strong organic growth across all product verticals. Through our M&A activity, we have built the foundations of a world-class digital gaming software supplier that focuses on regulated markets. The team has made significant progress against a number of key objectives that position us at the forefront of the industry opportunity."

"We are entering phase two of our journey now to unlock the true value of our operations and we continue to see market-leading demand for our products and services."

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bgsharpe
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30 November 2016 - 11:33pm
#1

The NYX group had already doing more than good previously but apparently the new numbers are just staggering and I guess revenue increases of 308.9% says all for the job they've done lately...

zaLambino
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2 December 2016 - 12:26am
#2

NYX is one of my favourite software providers but I find I prefer Thier older more classic titles such as snake charmer, genie wild and foxen wins to Thier newer titles that have been released lately