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Contagious losses soar despite full year revenue growth

29th July 2015 7:37 am GMT

Toronto-listed gaming software provider Contagious Gaming has recorded a net loss of CAD$7.7m for the year ended March 31st, despite posting a 52 per cent increase in revenue during the year.

Revenue rose to $1.2m as a result of the company entering into bigger software development contracts during the period, although Q4 revenue was down 62 per cent year-on-year.

Net loss more than tripled however to $7.7m due to reverse takeover public listing costs of $2.8m, amortization [...]

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