FinTechFunding

BetMakers Technology Group: Improves losses in FY2020

  • BetMakers Technology Group (BET) has revealed improving losses in its 2020 full-year financial report
  • The company generated an annual loss after tax of $2.14M, an improvement of around $1.5M against last year
  • Meanwhile, the company increased its revenue by 39 per cent to $8.58 million as part of an overall growth strategy
  • Todd said the company has consolidated its position during the quarter and seen significant growth, despite a difficult industry environmen
  • The company finished the year with $31.6 million in cash and no debt
  • BetMakers Technology Group closed 5.21 per cent down for 45.5 cents per share
Previous article
Brainchip: Posts $6.85M half-yearly loss
Next article
Tesserent: Purchasing Airloom
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

NatWest Group Strengthens Free Investment Guidance Programme

New initiative aims to educate more customers on investing.Highlights: NatWest Group expands free investment guidance programme.Initiative targets educating...
FinTech

Tether Launches New Stablecoin Wallet to Enhance User Experience

This innovative platform aims to improve accessibility for crypto users.Highlights: Tether has introduced a new stablecoin wallet.The wallet...
FinTech

FCA Strengthens Money Laundering Combat with Synthetic Dataset

New collaboration aims to enhance detection capabilities against financial crime.Highlights: FCA partners with Turing Institute to combat money...
FinTech

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...