Entertainment Gaming Asia (EGT) saw its loss widen to $2.04 million, or $0.14 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $1.48 million, or $0.10 a share.
Revenue during the quarter plunged 31.13 percent to $0.42 million from $0.60 million in the previous year period. Gross margin for the quarter contracted 1898 basis points over the previous year period to 65.62 percent.
Operating loss for the quarter was $2 million, compared with an operating loss of $1 million in the previous year period.
Adjusted EBITDA for the quarter stood at negative $1.80 million compared to negative $0.65 million in the prior year second quarter.
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