Shoal Games Reports Major Rise in Revenue for Q4 2015

Shoal Games Ltd. (TSXV:SGW,OTCQB:SGLDF) announced its unaudited results for the fourth quarter of 2016. The company owns Trophy Bingo, an innovative, non-gambling social bingo game.
Q4 highlights include:

• Revenue of $85,446, an increase of 768% from revenue of $11,130, in the third quarter of 2015
• Cash of $570,086 and positive working capital of $454,341 as at December 31, 2015.
• Q4 average Trophy Bingo rating of 4.47 stars (max 5 stars) in Google Play Store
• Launch of Trophy Bingo in Amazon App Store

Jason Williams, CEO of Shoal Games, commented:

The fourth quarter of 2015 saw the Company engaged in marketing, software development, and performance tuning of Trophy Bingo in a live environment. Our objective since launch has been to generate significant downloads so that we could assess the game’s earning potential and popularity with bingo players. We successfully generated 157,354 downloads, secured average ratings of 4.47 in Google Play, and booked $85,446 in revenue for the quarter. All three metrics were ahead of our projections and we remain confident in Trophy Bingo’s capacity to become a Top Grossing game. Our tuning efforts were particularly effective as we saw average Day 1 retention for the quarter climb to 38%, from 34% in the third quarter, and ARPDAU (Average Revenue Per Daily Active User) double from $0.046 in the third quarter to $0.092 in Q4.

Click here to read the full Shoal Games Ltd. (TSXV:SGW,OTCQB:SGLDF) press release.