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PokerTek, AŞ Message Board

  • adspatz adspatz Mar 12, 2014 11:05 AM Flag

    PokerTek revenue rises

     

    Search for "SEC Live Filings Digest" to find out more.
    PokerTek, Inc. (PTEK) announced its financial results for the fourth quarter and full fiscal year 2013, posting improvements to both revenue and its net loss. The gaming company, which develops and distributes electronic table gaming solutions, posted an annual revenue increase of 7% to $5.5M and quarterly revenue increase of 5%. PokerTek continues to post a net loss, however it has improved its position from the $0.8M net loss and $0.11 loss per share last year to a net loss of $0.6M and $0.07 per share this year. Improvements to the company’s bottom line are attributed primarily to revenue growth, lower interest rates, and lower income taxes. CEO Mark Roberson remarked that the company has down a great job improving its performance from its past condition to improving margins and revenue growth. The company also expanded its operations to Macau and South America as well as online mobile gaming, and expects these developments to contribute significantly to the company’s success.

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