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Chartwell posts tenth consecutive quarterly loss

15th June 2011 8:07 am GMT

Canada's Chartwell Technology Inc has reported its tenth consecutive quarterly loss for the second quarter ended April 30th, as net losses more than doubled to CAD$1.8m following a 23 per cent decline in total revenues.

Chartwell said that it worked closely with licensees for new revenue opportunities during the quarter, which helped revenues increase 9 per cent quarter-on-quarter to $2.4m, while the company also benefited from the launch of new games early in 2011.

Revenues were down [...]

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