PokerTek’s second quarter loss grows to us$ 2 million | Yogonet International
The year-ago loss amounted to 15 cents per share

PokerTek’s second quarter loss grows to us$ 2 million

2010-08-12
United States
Reading time 41 seg

Matthews-based PokerTek builds electronic gaming tables for the casino industry. It has yet to show a profit in almost six years of operation as a public company.

In the first quarter, the company reported its earnings before interest taxes, depreciation and amortization were positive for the first time, totaling us$100,000. But in the second quarter, EBITDA fell to a us$ 200,000 loss. That is still significantly better than the company’s us$ 700,000 EBITDA loss a year ago.

“Operating results in our continuing gaming business improved significantly as we further expanded our penetration in markets where conditions are favorable for electronic table games,” Chief Executive Mark Roberson says in a prepared statement. “Gross margins continued to expand, and our operating expenses remain tightly controlled.”

For the first six months of the year, PokerTek reports a us$ 2.9 million loss, or 20 cents per share, on revenue of us$ 3.43 million. For the first six months of 2009, the company reported a loss of us$ 3.45 million, or 31 cents per share, on revenue of us$ 3.65 million.

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