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Nektan narrows losses on the back of double-digit revenue growth

Mon, 24th Jun 2019 08:35

(Sharecast News) - Gaming technology firm Nektan told investors on Monday that it expects to turn in double-digit revenue growth and a "significantly reduced" underlying loss as part of its full-year 2019 figures.However, Nektan said its target of achieving EBITDA breakeven in 2019 would not be achieved as a result of slower trends experienced in its third trading quarter having continued into the fourth - with a number of factors impacting deposits, including the continued effect of increasing UK regulations around player marketing and verification.The AIM-listed group highlighted the performance of its B2B business throughout the year, noting it had continued to make "exciting progress" - with its pipeline of opportunities "continuing to develop" as it witnessed engagement with "an increasing number of larger market participants globally".Nektan now expects a number of those projects, which it said the scope to have a "transformational impact on the business, to go live during the remainder of 2019.Chief executive Lucy Buckley said: "In our B2C business, management has taken a number of actions in conjunction with the Company's partners, that are delivering positive underlying results. We expect this to translate into better performance including increased margins."This, combined with a pipeline of new partners and product launches, underpins the Board's confidence that Q1 FY20 should see a return to quarter-on-quarter growth that has been delivered by the Company in nine out of the last twelve quarters."As of 0835 BST, Nektan shares remained untreated at 10.25p.
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16 Oct 2018 11:41

BetVictor goes live with Nektan gaming products

(Sharecast News) - Gaming technology platform and services provider Nektan has signed a contract and was now live with European gaming company BetVictor, it announced on Tuesday.

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9 Oct 2018 11:09

Nektan Appoints Lucy Buckley As Chief Executive Officer

LONDON (Alliance News) -Gaming platform and services provider Nektan PLC said on Tuesday it has appointed Lucy Buckley as chief executive officer, effective from December 3.On her interim I

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9 Oct 2018 08:30

Nektan appoints Lucy Buckley as new CEO

(Sharecast News) - International gaming technology outfit Nektan has appointed Lucy Buckley to its board to take on the role of chief executive officer following the departure of Leigh Nissim a year ago.

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3 Oct 2018 08:49

Nektan nears positive earnings after record European revenue

(Sharecast News) - Gambling software provider Nektan saw its shares rise on Wednesday after recording record quarterly net gaming revenue driven by European operations.

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3 Oct 2018 08:28

Nektan Shares Soar After "Record" First Quarter With Revenue Up 65%

LONDON (Alliance News) - Shares in Nektan PLC jumped on Wednesday after the gaming technology platform provider said it experienced a "record" first quarter with revenue up 65% on last a

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4 Jul 2018 10:54

WINNERS & LOSERS SUMMARY: Sainsbury's Secures Financing For Asda Deal

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Anglo up is

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4 Jul 2018 09:24

Nektan To Record 48% Jump In Gaming Revenue On Strong Momentum

LONDON (Alliance News) - Nektan PLC on Wednesday said continuation of strong trading momentum has resulted in a sharp increase in gaming revenue for 2018 financial year.For the year ended a

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6 Feb 2017 14:02

Nektan moves to full ownership of Respin Inc

(ShareCast News) - International B2B gaming solutions and services provider Nektan has upped its ownership in Respin Inc to 100%, from 50%. Respin is a US-focused Class II mobile on-property mobile casino solution provider. Bringing its North American business (Respin) closer to the European divisi

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20 Jan 2017 16:05

UK Shareholder Meetings Calendar - Next 7 Days

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16 Jan 2017 11:22

Nektan appoints Patrick Sinclair as CFO

(ShareCast News) - International business-to-business gaming solutions and services provider Nektan announced the appointment of Patrick Sinclair as chief financial officer on Monday, with immediate effect. The AIM-traded company said Sinclair is a Chartered Accountant, having qualified with Pricewa

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9 Jan 2017 09:00

Nektan unlocks next level of revenue in second quarter

(ShareCast News) - Nektan, the business-to-business (B2B) gaming solutions and services provider, played its way towards a 71% rise in net gaming revenue (NGR) to £3.6m in the three months ended 31 December 2016. First time depositors rose by 151% to 35,215, cash wagering was 62% higher at £106.7m a

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22 Aug 2016 11:41

Nektan sells three gaming brands to Buckingham

(ShareCast News) - AIM-listed mobile gaming provider Nektan has agreed to sell three of its wholly-owned gaming brands to Buckingham for an initial £1.75m in cash, with a further £200,000 expected to follow shortly. The company will also enter into a five-year licensing agreement with the group for

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4 Jul 2016 08:21

CORRECT (01/07): WINNERS & LOSERS SUMMARY

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1 Jul 2016 16:09

Nektan anticipates higher revenue in second half of the year

(ShareCast News) - Mobile real money gaming provider Nektan expects to have good growth in revenue in the second half of the financial year compared to the first. It anticipates net gaming revenue to grow in the six months ended 30 June to $4.2m from £1.6m. Total cash bets increased to £104.1m from

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1 Jul 2016 09:11

WINNERS & LOSERS SUMMARY: Dignity And Genus Benefit From Upgrades

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