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Contagious Gaming reduces net loss as full year revenue almost doubles

1st August 2016 8:11 am GMT

Toronto-listed gaming supplier Contagious Gaming has generated a net loss of CAD$4.4m for the year ended March 31st, despite seeing revenue nearly double compared to the previous year.

Revenue rose by 98 per cent to $2.3m, as a result of entering into larger software development contracts, and additional revenue generated by the acquisitions of Telos and Digitote.

More than half of revenue was generated during the final quarter of its financial year ($1.2m), which was up 78 [...]

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