TIDMNKTN
RNS Number : 2689H
Nektan PLC
31 July 2019
31 July 2019
NEKTAN PLC
("Nektan" or the "Company")
Q4 FY19 TRADING UPDATE
Nektan plc (AIM: NKTN), the fast growing, award-winning
international gaming technology platform and services provider,
announces its trading update for the fourth and final quarter of
its financial year ended 30 June 2019 (Q4 FY19).
During FY19, total revenue increased by 14.8% over FY18 with
good growth across both the B2C and B2B segments, and a record
number of partners live. As previously announced, our Q4 FY19 KPIs
continued to be impacted by similar conditions that affected Q3,
including increased UK taxation and player verifications.
Management has taken decisive action to ensure the Group is
structured appropriately to these market conditions, whilst
providing the strategic platform for planned expansion and growth
in international markets.
Highlights
-- Strong and growing global sales pipeline across both B2C and B2B.
-- B2C - 13 new white label casino sites were launched in Q4
FY19, in addition to the expansion of the B2C product offering with
the launch of a new mobile-first bingo product, which is now
available across the white label network of casino sites.
-- B2B - 12 partners currently live, up from 10 in Q3 FY19, with
a number of partners due to go live during the current quarter.
Recent launches include Volt Casino and MoPlay, along with entry
into Africa with two of the leading gaming companies, Betika and
BetLion, using E-Lite, the Company's B2B content distribution
platform.
-- Total number of games providers into Nektan's casino platform
has increased to 42 from 38 in Q3 FY19, with the addition of
Rocksalt Interactive, ReelFeel, Rogue Gaming and Inspired
Gaming.
-- Four new games have been developed in partnership with
Rocksalt Interactive and ReelFeel, leading to increased higher
margin content for the Company, with more games in the development
pipeline.
Full-Year KPIs
FY19 FY18 Change
--------- ---------
Revenue* GBP22.5m GBP19.6M 14.8%
--------------------------- --------- --------- ------
B2C Net Gaming Revenue GBP21.5m GBP19.4M 10.8%
--------------------------- --------- --------- ------
B2B Revenue GBP0.98m GBP0.24m 308.3%
--------------------------- --------- --------- ------
B2C First Time Depositors
(FTDs) 131,128 156,703 -16.3%
--------------------------- --------- --------- ------
B2C Cash Wagering GBP597.8m GBP559.8m 6.8%
--------- --------- ------
Q4 KPIs
Q4 FY19 Q3 FY19 Change Q4 FY18** Change
---------- ---------- ----------
Revenue* GBP4.1m GBP5.4m -24.1% GBP5.8m -29.3%
--------------------------- ---------- ---------- ------- ---------- -------
B2C Net Gaming Revenue GBP3.8m GBP5.1m -25.5% GBP5.7m -33.3%
--------------------------- ---------- ---------- ------- ---------- -------
B2B Revenue GBP0.33m GBP0.35m -5.7% GBP0.11m 200.0%
--------------------------- ---------- ---------- ------- ---------- -------
B2C First Time Depositors
(FTDs) 23,850 31,914 -25.3% 43,289 -44.9%
--------------------------- ---------- ---------- ------- ---------- -------
B2C Cash Wagering GBP110.9m GBP141.0m -21.3% GBP162.9m -31.9%
---------- ---------- ------- ---------- -------
The figures stated above are all unaudited.
*Net Gaming Revenue (jackpot adjusted) from B2C and Revenue
Share from B2B
**adjusted
Lucy Buckley, Chief Executive Officer of Nektan, said:
"With an established proprietary technology platform and growing
sales pipeline, Q4 has seen us go live with more B2C and B2B
partners putting us in a strong position to accelerate our growth
and increase revenues further over the course of FY20.
In the B2B division, we continue to make exciting progress; our
pipeline of opportunities is continuing to develop and has seen
engagement with an increasing number of larger market participants
globally. We expect a number of these to go live during the
remainder of 2019, which has the scope to have a transformational
impact on our business.
Whilst Q4 saw a continuation of the B2C trading conditions we
experienced in Q3, we have taken decisive action to structure the
Company in response to the changing gaming environment and to
provide the strategic platform for expansion and growth in
international markets. Furthermore, a number of steps to enhance
our product offering, including the launch of bingo and improved
player journeys, have been completed in Q4 and we look forward to
the new financial year with optimism."
For further information on the Group, please contact:
Nektan
Lucy Buckley, Chief Executive Officer
Gary Shaw, Executive Officer +44 203 478 2648
Shore Capital (Nominated Adviser and Joint Broker)
Tom Griffiths / David Coaten +44 20 7408 4050
-----------------
Smaller Company Capital Limited (Joint Broker)
Rupert Williams / Jeremy Woodgate +44 20 3651 2911
-----------------
Further information on Nektan can be found on the Group's
website at www.nektan.com.
About Nektan:
Nektan is a fast growing, international gaming technology and
services provider, specialising in mobile casino. It licenses its
proprietary technology to leading operators, including BetVictor,
and provides end-to-end technology and white label casino services
for leading brands, including News International's The Sun
Play.
Nektan's full end-to-end technology platform, Evolve, enables
the management of the full customer experience and back-office
operations, allowing partners to focus on marketing the product to
their consumers.
The E-Lite platform is Nektan's B2B gaming content aggregator
and bonusing platform that delivers a wide range of premium content
from the world's leading game studios. It is an easily-integrated
add on module for operators, giving them an array of options and
flexibility on how they manage and distribute a breadth of premium
gaming content across their networks.
Nektan has a material stake in US-based interactive gaming
operator Rapid Games, which provides US land-based casinos with an
in-venue mobile gaming solution. It allows operators to add mobile
technology and content making products accessible to players across
both cabinets and mobile devices inside casinos.
Headquartered in Gibraltar, Nektan is regulated by the Gibraltar
Licensing Authority, the UK Gambling Commission and the Information
Commissioners Office. As a socially responsible license holder,
Nektan endeavours to deliver a safe, secure and robust player
gaming experience.
Nektan plc was admitted to the AIM market of the London Stock
Exchange in November 2014.
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
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