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viewNektan PLC

Nektan reset and adding rapidly to B2B presence

Snapshot

The firm aggregates and delivers premium casino content to game operators around the world

Nektan PLC - Nektan targets “transformational” deals

Quick facts: Nektan PLC

Price: - -

AIM:NKTN
Market: AIM
Market Cap: -
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  • Delivers premium casino content to game operators

  • Extending reach to all parts of the globe

  • Revenues are rising rapidly 

 

What Nektan does

Nektan PLC (LON:NKTN) aggregates and delivers premium casino content from the industry's leading game providers to game operators.

Using its proprietary technology, it acts as a content distributor to its B2B partners.

 

How it's doing

Now focused solely on B2B, revenues rose 153% to £787,000 in the six months to December.

The company did point out, however, that the final three months of 2019 – the second quarter of the company’s fiscal year (FY20) - saw an intense period of activity with a significant number of sites either entering beta or going live.

Typically, the ramp-up period lasts three or four months following the launch of a new site and December saw revenues double from November, underpinning management's confidence of significant growth over the coming months as sites that have recently gone live get into their stride.

The group is now operating in multiple markets across Europe, Africa and Asia, and expects to go live in Latin America in the first quarter of 2020.

Nektan launched a further six sites in January 2020 that were in beta in December 2019. A further pipeline of 21 confirmed sites is currently due to be launched over the coming months.

 

 

Inflexion points

  • Now focused solely on B2B
  • Revenues climbing rapidly 
  • Rolling out platform onto sites across the globe 

 

 

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Full interview: Nektan PLC set up for rest of world growth' following...

Nektan PLC's (LON:NKTN) Gary Shaw speaks to Proactive London's Andrew Scott following its half year update to December 2019. The business-to-business (B2B) division in the period saw revenues rise 153.1% to £787,000 from the preceding six months’ total of £311,000. Shaw says the story's...

on 31/1/20

2 min read