Elys Game Technology Achieves 39% Revenue Growth and Reports Record Revenue of $14.2 Million for the First Quarter of 2020
Our web-based gaming turnover increased by an impressive 150% over the same period last year and we continue to generate strong cash flow from operations.
- Our web-based gaming turnover increased by an impressive 150% over the same period last year and we continue to generate strong cash flow from operations.
- Net loss in the first quarter of 2021 also included approximately $0.4 million of stock-based compensation and $0.25 million of expenses related to our expansion into US markets.
- We continue to maintain a disciplined spending approach by allocating discretionary cash towards future business opportunities.
- We also generated over $3.9 million of proceeds from the exercise of warrants during the first quarter of 2021.