NYX Gaming Group Ltd. Releases Third Quarter Financial Results

NYX Gaming Group Ltd. (CVE:NYX) announced its financial and operating results for the third quarter, ending on September 30, 2015.
According to the press release:

“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,” said CEO Matt Davey.
Third Quarter Three Month 2015 Highlights
Financial Position as of September 30, 2015Revenue of $13.3 million 111.6% growth year-over year growth; Organic Revenue excluding acquisitions of $10.3 million or 63.5% year-over year growth; Royalty and License Revenue $11.5 millionGross Profit of $11.1 million; Adjusted EBITDA of $(1.4) million and $(2.4) million for the three and nine month periods; Basic and diluted earnings (loss) per share of $(0.14) and $(0.14) and $0.06 and $0.06 for the three and nine month periods; Signed six new OGS contracts, one NYX (“OPS”), and one poker client in the Italian Market 24 customers in development pipeline: five OPS, four Poker, 15 OGS Released 16 new games from our content studio Secured Board of Directors & Shareholder approval of the Normal Course Issuer Bid (“NCIB”) to purchase up to 5% of NYX’s common shares;
Q3 2015 Operating and Financial Results
During Q3 we launched our Open Gaming System (“OGS”) content across eight new client sites including Mohegan Sun and Caesars in New Jersey. In addition to the launches in New Jersey, we launched an additional five clients, including Full Tilt, William Hill, Casino Di Venezia on OGS and Pokerstars.es on Chartwell Gaming System (“CGS”), in the regulated Italian market.

Click here to read the full press release.