9th Feb 2023 13:58
Gfinity PLC - London-based e-sports and gaming services - Expects revenue for the six months ended on December 30 to be GBP4.1 million, up 26% from GBP3.3 million a year prior. Adjusted operating loss is expected to reach GBP800,000, widened from GBP400,000. Looking ahead, Gfinity says it is in discussions with several parties to seek outside investment to accelerate Athlos' first-mover advantage.
Last month, Gfinity said its wholly-owned subsidiary Athlos Game Technologies has entered a one-year rolling commercial agreement with mobile game operator Playgendary. The company launched Athlos in August, looking to provide clients with a competition platform to deepen player engagement, to lower player churn and to increase average revenue per user.
Current stock price: 0.24 pence each, down 30% on Thursday afternoon in London
12-month change: down 92%
By Xindi Wei, Alliance News reporter
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