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NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB



TSXV:NYX.DB - Post by User

Post by petrofacon Apr 25, 2017 7:50am
169 Views
Post# 26161155

here you go....

here you go....Comparison of the Three and Twelve Months Ended December 31, 2016 and December 31, 2015 Revenue Revenue for the three months ended December 31, 2016 increased to $54.5 million, or 196.6%, from $18.4 million for the three months ended December 31, 2015. All revenue categories grew significantly as a result of a full quarter contribution from our OpenBet acquisition in the amount of $30.4 million, which we acquired May 20, 2016, and 14 new client site launches of our OGS content during the current year quarter. Royalty and license revenue for the quarter increased $10.2 million, or 64.3%, to $26.0 million from $15.8 million for the same period in the prior year. Professional services revenue for the quarter increased $24.0 million to $25.1 million from $1.2 million for the same period in the prior year due primarily to the acquisition of OpenBet during the current year. Revenue for the twelve months ended December 31, 2016 increased $111.4 million, or 213.0%, to $163.7 million from $52.3 million for the twelve months ended December 31, 2015. As was the case above, all revenue categories grew significantly as a result of our OpenBet acquisition during the current year, as well as our prior year acquisition of Cryptologic and Chartwell. Additionally, we launched our OGS content across 50 new client sites during the current period. Revenue from Chartwell and Cryptologic and OpenBet was $8.5 million and $78.4 million, respectively, for the twelve months ended December 31, 2016. Royalty and license revenue for the twelve-month period increased $46.5 million, or 105.4%, to $90.7 million from $44.2 million for the same period in the prior year. Professional Services revenue for the twelve-month period increased $60.7 million to $63.2 million from $2.5 million for the same period in the prior year. Gross Profit Gross profit increased by $32.3 million, or 204.0%, for the three months ended December 31, 2016 to $48.1 million, compared to $15.8 million the three months ended December 31, 2015. Gross profit margin was 88.3% for the three months ended December 31, 2016, compared to 86.2% for the three months ended December 31, 2015. The increase in gross profit was a result of a revenue increase from the underlying core casino business and the revenue impact from acquisitions. Gross profit increased by $99.4 million, or 221.9%, for the twelve months ended December 31, 2016 to $144.2 million, compared to $44.8 million for the twelve months ended December 31, 2015. Gross profit margin was 88.1% for the twelve months ended December 31, 2016, compared to 85.6% for the twelve months ended December 31, 2015. The increase in gross profit was a result of a revenue increase from the underlying core casino business and the revenue impact from acquisitions. General and Administrative Expenses General and administrative expenses ("G&A") includes marketing, administrative, and personnel expenses. G&A increased by $21.2 million to $35.7 million for the three months ended December 31, 2016, compared to $14.5 million for the three months ended December 31, 2015. The increase was due primarily to the higher operating and personnel expenses associated with our MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 7 acquisitions of Cryptologic, Chartwell and OpenBet. In addition, increases in personnel and administration costs associated with support functions for legal, finance, and human resources contributed to the increase in expenses. For the twelve months ended December 31, 2016, G&A increased by $63.0 million to $109.2 million, compared to $46.2 million for the twelve months ended December 31, 2015. The increase was due primarily to the higher operating and personnel expenses associated with our acquisition of Chartwell, Cryptologic and OpenBet. In addition, increases in personnel and administration costs associated with support functions for legal, finance, and human resources contributed to the increase in expenses.
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