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Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Comment by lscfaon Jan 29, 2016 6:44pm
132 Views
Post# 24507563

RE:RE:RE:RE:RE:RE:Cantor update report Jan 28, 2016

RE:RE:RE:RE:RE:RE:Cantor update report Jan 28, 2016They should have reiterated 2016 guidance in this latest NR....


November 10 NR said:


"These results speak to the strength of our social casino business, and underscore the rationale for our decision to focus Imperus exclusively on the social casino market opportunity. We look forward to closing our acquisition of Akamon and enjoying the significant strategic benefits which we expect it to contribute to our overall business. We expect these synergies to include applying Akamon's leading CRM and player management methodologies to the Diwip player base, and rich cross-selling opportunities that will be created through a vastly expanded base of players and game library. We are confident that these synergies will enhance the positive underlying trends at Diwip, and we reaffirm our guidance of CAD $25 - 30 million in EBITDA for 2016."

September 8 NR said:

Post the Acquisition, Imperus will immediately elevate to a top-tier social gaming company, with forecasted 2016 revenue of between CAD$70MM to CAD$75MM and adjusted EBITDA of between CAD$25MM to CAD$30MM.

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