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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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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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