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GAN PLC H1 loss narrows YOY

GAN plc said its normalized net income for the first half was a loss of 2 Great British pence per share, compared with a loss of 3 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of £1.4 million, compared with a loss of £1.6 million in the prior-year period.

Total revenue rose 35.3% year over year to £3.9 million from £2.9 million, and total operating expenses grew 14.0% year over year to £6.2 million from £5.5 million.

Reported net income totaled a loss of £2.3 million, or a loss of 4 pence per share, compared to a loss of £2.6 million, or a loss of 5 pence per share, in the year-earlier period.