Getting Close to ProfitsLoss of $44K for the quarter is basically break-even stage as someone else posted. Compared to loss of 1.4 Million for same quarter 2017 (based on 2.2 Million loss including EBITDA loss for the three and nine months ended May 31, 2017 included an impairment loss on the disposal of a non-core investment of $0.8 million) that is decent improvement.
The jump in IOS users was EXCELLENT- this was flat or dropping for a number of quarters I think. Drop in Android not so great - BUT - they have already addressed that at least with the launch of the "Score on Bixby" (whatever that is - but at least there is a plan already implemented to help rebuild and grow Android user base)
World Cup Group play only began June 14th, so any extra usage or ad revenue won't reflect in the Quarter ended May 31 numbers or revenue. That being said Olympics should have been reflected in the 9 months info.....plus much of NBA and NHL playoff hockey (except for part of the finals).
Good baseline results though - and I wonder what a profitable quarter might do to share price - so close now. Good revenue growth for this quarter compared to last year....
Looking at Financials figures - it looks like about $8 Million cash right now, with $8 Million receivables and only $4 Million current liabilities - correct me if I misread that. So, unless they need to finance some big new app or project (online gambling app?) I don't see a critical need for financing/dilution in short term. Would be nice that IF that had to happen, the share price was nicely up from even these significantly better levels (compared to previous year plus).....
I also like the ongoing potential for Esports - etc - that is a booming area - just wish Fortnite was a handheld device game lol....
Market seems OK with results last 2 days as we continue to hover just under .40 CDN.....
Looking forward to hearing what the plan is to pounce when they can monetize the sports betting. IMHO things continue to be looking UP and positive momentum.