GAN Reports Third Quarter 2020 Financial Results
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GAN Limited (GAN) Misses Q3 EPS by 16c; Offers FY20 Revenue Outlook
November 16, 2020 4:22 PM ESTGAN Limited (NASDAQ: GAN) reported Q3 EPS of ($0.14), $0.16 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $10.03 million versus the consensus estimate of $10.04 million.
Third Quarter Highlights Compared to Prior Year Quarter
Quarterly revenue of $10.3 million, up 86% from $5.5 millionReal money Internet gaming (RMiG) revenue of $7.7 million, up from $4.1 millionSimulated gaming revenue of $2.6 million, up from $1.4 millionGross profit of $6.4 million, up from $2.4 millionNet loss attributable to equity holders was $4.1 million, or $0.14 basic and diluted per share, compared to net loss attributable to equity holders of $1.8 million, or $0.09 basic and... More