PokerTek Records First Quarter LossElectronic Poker Table Developer Losses Contract to $500,000 |
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PokerTek, the US-based company which develops and markets electronic poker tables, made a first quarter 2011 loss of $463,999.
This compares to a loss of $856,593 in the same period last year.
The company, which recently had its principle poker product adopted in the Tanzanian and Croatian markets, saw sales increase to $1.7 million in the first quarter of 2011 from $1.6 million a year earlier.
Mark Roberson, chief executive of the company, said, “Revenue growth, margin expansion and controlled spending levels combined to drive significantly improved operating results.
“We were EBITDAS positive for the second consecutive quarter, generated positive cash from operations, and our results from continuing operations improved by 43%.”
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