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Nektan revenues boosted by strong B2B performance

Fri, 05th Apr 2019 10:23

(Sharecast News) - Gaming technology platform and services provider Nektan saw third-quarter revenues move ahead year-on-year thanks to a solid performance over at its business-to-business division.Nektan reported a 5.9% increase in sales to £5.4m for the quarter ended 31 March, with B2B revenues soaring 321% to £350,000.Business-to-consumer revenues were down 17.7% at £5.1m but Nektan anticipates an improvement in the unit during the fourth and final quarter of its trading year as a result of the continued growth and breadth of its casino network.Despite the fall in B2C revenues, the AIM-listed firm assured investors that its growth trajectory remained on track, with the group expecting to break even on the year as a whole.Chief executive Lucy Buckley said: "Q3 has been another record quarter of growth for our rapidly emerging B2B business. We continue to see strong demand for our award-winning casino technology as evidenced by the signing of 7 significant B2B partners during Q3 FY19."Having achieved EBITDA break-even in H1 of this financial year, a key achievement for Nektan, we remain on track to be break-even in FY19. As reported in our interim results announcement on 25 March 2019, whilst the headlines revenue figures are slightly down on Q2, our growing portfolio of partners means that we do not expect a repeat of what was a quiet period by historical standards."As of 1020 BST, Nektan shares had sunk 14.33% to 10.28p.
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18 Sep 2019 14:26

Nektan Plans GBP3 Million Minimum Equity Placing And Debt Restructure

(Alliance News) - Nektan PLC on Wednesday said it intends to raise at least GBP3.0 million via an equity placing and reached agreements to restructure its convertible loans notes and loans from in

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13 Aug 2019 17:25

Nektan Chief Executive Lucy Buckley Steps Down From Role

(Alliance News) - Gaming technology firm Nektan PLC said on Tuesday that its Chief Executive Lucy Buckley has resigned from the role with immediate effect.Buckley will remain on the board a

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31 Jul 2019 13:51

Nektan Optimistic Despite Sharp Slowdown In Wagering In Fourth Quarter

(Alliance News) - Gaming technology firm Nektan PLC on Wednesday reported strong revenue growth for its recently ended year, though the fourth quarter was more difficult.For the year to 15%

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23 Jul 2019 12:27

Nektan Signs Contracts With Betika And BetLion To Expand Into Africa

(Alliance News) - Nektan PLC on Tuesday said it has expanded into Africa using E-Lite, its B2B content distribution platform.Following an integration of Nektan's B2B platform E-Lite, of

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24 Jun 2019 13:02

Nektan Fails To Achieve Breakeven Despite Double-Digit Revenue Growth

(Alliance News) - Nektan PLC on Monday said it expects to return to quarter-on-quarter growth in its financial 2020 after failing to achieve an expected breakeven in its current financial gaming a

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24 Jun 2019 08:35

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

(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.

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3 Jun 2019 13:35

Nektan Appoints GVC Veteran As Chief Financial Officer

LONDON (Alliance News) - Gaming platform provider Nektan PLC on Monday said it appointed Simon Hay as chief financial officer of the company with effect from June 17.Hay has over years'

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26 Apr 2019 18:20

Nektan Substantially Reduces Debt After Loan Notes Conversion (ALLISS)

LONDON (Alliance News) - Nektan PLC on Friday said it expects all inter-conditional transactions to complete on Monday next week, resulting in a combined reduction in debt of 45% and fresh equity

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18 Apr 2019 12:07

Nektan Beats Fundraising Target To Raise GBP2.1 Million (ALLISS)

LONDON (Alliance News) - Nektan PLC on Thursday said it raised GBP2.1 million through the placing of shares.The company issued 14.0 million shares at 15 pence each. On Wednesday, the Nektan

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25 Mar 2019 11:29

Nektan Interim Loss Narrows On Double-Digit Revenue Increase

LONDON (Alliance News) - Gaming services provider Nektan PLC on Monday reported a narrowed pretax loss for the first half of its financial year, on strong double-digit revenue growth.For to

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11 Mar 2019 12:42

Nektan signs Manchester Utd partner to E-Lite platform

(Sharecast News) - Nektan on Monday signed Addison Global, whose MoPlay brand is the global betting partner of Premier League clubs Manchester United FC and Watford FC, to its B2B E-Lite platform.

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8 Feb 2019 15:32

Nektan Expects Placing To Raise "Significantly" More Than Expected (ALLISS)

LONDON (Alliance News) - Gaming services provider Nektan PLC said Friday it was set to raise "significantly" more than originally expected after its placing had experienced high demand a

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7 Jan 2019 10:25

Nektan gaming sales soar on 'significant' rise in unique players

(Sharecast News) - Online gambling and casino operator Nektan saw gaming revenues soar during the second quarter of its trading year as more and more players adopted its business-to-business platform.

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7 Jan 2019 10:14

Nektan Reports Record Quarterly Revenue As Signs Up New Partners

LONDON (Alliance News) - Nektan PLC on Monday said its revenue rose in the second quarter of its current financial year, helped by contract wins with new operators.The gaming technology and

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