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NYX posts 89% first quarter revenue growth but net loss rises

27th May 2016 7:51 am GMT

Gaming supplier NYX Gaming Group has hailed the success of its acquisition strategy which has helped revenue grow 88.7 per cent to CAD$18.8m for the first quarter of 2016.

Building on a 31.8 per cent increase in organic revenue during the period, revenue for the quarter grew from $9.9m to $18.8m.

Royalty and licensing revenue was the main driver of growth, with NYX benefiting from a full contribution from its recent acquisitions and four new customers launching during the [...]

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