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Contagious Gaming loss widens despite Q3 revenue rise

3rd March 2015 7:01 am GMT

Toronto-listed gaming software supplier Contagious Gaming has recorded a net loss of CAD$1.9m for its third quarter ended December 31st, despite revenue more than doubling during the period.

Revenue soared 173 per cent to $0.4m during the quarter, which the company attributed to the signing of larger software development contracts.

Contagious recorded negative adjusted EBITDA of $0.4m following an increase in general and administrative and regulatory costs relating to its Telos Entertainment [...]

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