News blog

Gfinity

  • BY: Andrew Hore |
  • POSTED: 27/01/2020 |

Esports is a fast-growing area but Gfinity continues to find it difficult to make money. 

Interim revenues fell from £4.4m to £3.5m, although this was mainly due to the ending of lower margin operations. The adjusting operating loss has fallen from £4.4m to £2.4m.

Gfinity has decided not to pursue a contract with a major customer and that means that full year revenues will be flat. Margins will be better than expected.

Management is talking to strategic investors.

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