MGT Capital Investments (MGT) Reports Q1 Loss of $0.11

MGT Capital Investments (NYSE: MGT) reported Q1 EPS of ($0.11), versus ($0.13) reported last year.

Cash and cash equivalents as of March 31, 2015 were $1.4 million. During the quarter, net cash used in operating activities was $1.0 million, as compared to $1.4 million in the first quarter of 2014. The company expects cash utilization to continue to trend lower for 2015, due to the positive contribution from gross margin of MGT Sports and recent cost reductions. As stated in the Company's March 31, 2015 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission, the Company anticipates it has sufficient cash on hand, combined with the gross margin from DraftDay, to continue operations at least through April 30, 2016.

For earnings history and earnings-related data on MGT Capital Investments (MGT) click here.

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