In its maiden financial results since Hydra Industries completed the acquisition of Inspired Gaming Group, New York-listed Inspired Entertainment has reported a net loss of $22.4m for the first quarter ended December 31st after seeing revenue decline by 12 per cent during the period.

Revenue fell year-on-year to $27.0m as results were impacted by adverse currency exchange movements of $6.2m. On a constant currency basis, revenue would have been up 8 per cent compared to same period last year.

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