Elys Game Technology Achieves 39% Revenue Growth and Reports Record Revenue of $14.2 Million for the First Quarter of 2020
Retrieved on:
Thursday, May 13, 2021
General Sports, Sports, Other Entertainment, Consumer electronics, Technology, Electronic Games, Casino, Gaming, Entertainment, Corporate finance, Options, Warrant, General Sports, Sports, Other Entertainment, Consumer electronics, Technology, Electronic Games, Casino, Gaming, Entertainment, Articles, Animal rights, Academic disciplines, Self, Animal ethics, Consciousness studies, Philosophy of mind, Personhood, Sentience, Warrant, Sentient beings, Animal consciousness
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.
Key Points:
- 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.