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Tangelo posts Q3 revenue growth but higher costs weigh on bottom line

1st December 2016 9:07 am GMT

Toronto-listed social casino operator Tangelo Games (formerly Imperus Technologies) has reported a 58 per cent increase in revenue to CAD$9.3m for the third quarter of 2016, with the company beginning to benefit from the integration of its Akamon and Diwip platforms.

Revenue growth in the third quarter helped adjusted EBITDA to increase 56 per cent year-on-year to $3.0m, although higher costs resulted in a swing to a net loss for the period.

Following the integration of the Akamon and Diwip [...]

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