During the Quarter, receipts from customers grew 7%...

During the Quarter, receipts from customers grew 7% quarter-on-quarter and 92% year-onyear to a record $3.6 million. The Company recognised a second consecutive quarter of positive operating cash inflow ($0.26 million), continuing the strong performance of Q1 2018. Operating cash outflows during the quarter included an increase in staff costs on Q1 2018 as a result of certain annual bonus payments and salary increases, while cost of sales (reflected as “product manufacturing” in 1.2(b) on the 4C) rose as a result of the increased revenues recognised. Advertising and marketing expenditure continued in line with Q1 2018, with spending geared towards key product lines such as the Crazy Kings franchise and CryptoKitties. The Company ended the quarter with $2.4 million in cash, which represents a net increase of approximately $218,000 on the cash at the end of Q1 2018.

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