MGT Capital Investments (MGT) Reports Q1 Loss of $0.11
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MGT Reports 2015 First Quarter Financial Results
May 18, 2015 9:00 AM EDTHARRISON, N.Y., May 18, 2015 /PRNewswire/ --Â MGT Capital Investments, Inc. (NYSE MKT: MGT) today reported financial and operational results for the three months ended March 31, 2015.
For the first quarter ended March 31, 2015, total revenue was $217,000, as compared to $85,000 for the same period last year. Gross margin totalled $127,000 (59% of revenue), up 253% from the first quarter of 2014. Compared to fourth quarter 2014, gross margin was flat, despite the impact of seasonally lower revenues in the current quarter. Â Operating expenses were also flat... More
