FinTechFunding

iCandy: Reports highest cash receipts from one quarter

  • Mobile gaming developers iCandy (ICI) has reported its highest cash receipts ever from one quarter
  • The company saw its cash receipts jump 274 per cent to $1.3 million from $475,000 in the prior quarter
  • Notably, the cash receipts in the December quarter alone is also 18 per cent higher than the cash receipts of the combined first three quarters of 2020
  • iCandy says the huge growth was from the launch of its highly anticipated new game Masketeers: Idle Has Fallen
  • The company had nearly $12 million in cash and cash equivalents at the end of the December quarter
  • On the market today, iCandy is up 1.92 per cent and trading at 13.3 cents per share
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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.

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