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NYX Gaming Group Ltd (NYX-X) reported fourth-quarter revenue of $54.5-million, up from $18.4-million a year earlier.
"All revenue categories grew significantly as a result of a full quarter contribution, $30.4-million, from the company's recently acquired OpenBet business, and 14 new customer launches on OGS [open gaming system] during the fourth quarter of 2016," the company said.
Gross profit was $48.1-million, or 88.3 per cent of revenue compared to $15.8-million or 86.2 per cent of revenue a year earlier.
Its net loss was $61.1-million versus a loss of $10.7-million a year earlier.
"The decrease in net income was primarily the result of intangible asset impairments of $21.4-million and goodwill impairments of $65.9-million, partially offset by $46.2-million of gains on fair value adjustments to derivatives, and a full quarter positive contribution from OpenBet operations."