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iCandy: Reports highest cash receipts from one quarter

January 29, 2021

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