NYX Records “Transformational Year” With 213% Revenue Increase
NYX Gaming group have just released their 2016 revenues and Chief Executive Matt Davey is describing the year they had as ”transformational” for the company.
Figures released for revenues ending December 31 2016 shows an increase of 213% on 2015 to come in at $163.7 million. If you exclude the impact of OpenBet, Cryptologic and Chartwell this represents a 46.8 percent increase.
Davey was delighted with the figures and said,” This was a transformational year for NYX; with the integration of OpenBet now substantially complete, we are ideally positioned as a leading provider of sportsbook, gaming technology, and NextGen content to the regulated gaming market. Since the beginning of 2017, our new operating model has been delivering an improved cost structure that, combined with our growth strategy, will result in increased operating leverage.”
Despite the 213% revenue spike, NYX reported a net loss of $57.9m in 2016 which as attributed to restructuring and acquisition costs. In terms of new customers, NYX launched 14 on their OGS while signing a further 16 new customer agreements its Open Platform System. According to NYX they have around 24 customers in the pipeline as of December 31 and have signed an additional 11 on Q1 of 2017. As for their development of content, NYX launched 27 new games in Q4.