Excellent results NYX Gaming Group Limited Provides Preview to Q4 and 2015 Full-Year Results
Thursday, February 18, 2016
NYX Gaming Group Limited Provides Preview to Q4 and 2015 Full-Year Results
09:00 EST Thursday, February 18, 2016
LAS VEGAS, Feb. 18, 2016 /CNW/ - NYX Gaming Group Limited ("NYX" or the "Company") (TSXV: NYX) is pleased to provide a preview of Q4 and FY2015 financial results.
Topping off a remarkable year for the Company, NYX announced earlier today that they are forecasting record-breaking revenues and positive adjusted EBITDA1 for Q4.
NYX expects that revenues for Q4 and FY2015 will range from $18.1 to $18.3 million for the quarter and $52.0 to $52.2 million for the fiscal year or growth of approximately 114.0% and 91.0% as compared to Q4-2014 and FY2014, respectively. Organic revenue growth remained strong and was approximately 35% and 50% when compared to the Q4-2014 and FY2014, respectively. Adjusted EBITDA, including the effects of losses for Ongame Network Ltd., for Q4 and FY2015 will range from $1.6 to $1.8 million for the quarter and $(0.8) to $(0.6) million loss for FY2015.
The expected Q4 revenue is a reflection of the substantial growth across NYX's combined businesses. During this period, NYX signed 18 new deals for its Open Gaming System ("OGS") and one new deal for its Open Platform System ("OPS") in Q4. In addition to this, NYX signed new deals for Sportsbook (IT) and Mobile (bespoke) games in Q4.
NYX launched content deals across nine new client sites during the quarter, including 888 and Boyle Sports. The Company also launched its OPS with Golden Nugget in New Jersey helping the software provider reach approximately 80.0% of the licensed operators in the New Jersey online gaming market, making it the preferred supplier in the regulated US market.
"Fiscal year 2015 was a truly a transformative year for NYX as we purchased and integrated five companies within our group structure. In particular, we are very pleased with our Q4 numbers which delivered our first positive EBITDA result as a public company. Further, we have seen continued organic growth from our legacy business and realization of synergies from Cryptologic & Chartwell. Our revenue contribution from mobile continues to grow and outpace the industry, where 54.5% of our revenue via our OGS in Q4 2015 was generated from mobile versus 44.5% in 2014," said Matt Davey, Chief Executive Officer of NYX.
About NYX Gaming Group Limited
NYX Gaming Group Limited is a leading digital gaming supplier headquartered in Las Vegas with a staff of more than 445 employees based in 8 countries across Europe, North America and Australia. The Company provides one of the world's largest portfolios of market leading content and technology to some of the largest gaming operators, lotteries and casinos across the globe. NYX also has one of the broadest distribution bases in the industry with over 170 unique customers and a collective game catalogue of over 650 games. The market leading game catalogue includes slots, table games, scratch cards, lottery, bingo and poker available across web and mobile formats.
NYX is also a proud recipient of the Special Achievement Award from EGR, which recognized the group's consistent growth and innovation in multiple e-gaming verticals.
NYX Gaming Group Limited is listed on the TSX Venture Exchange under the symbol (TSXV: NYX).