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Stride Gaming swings to profit in fiscal H1

Stride Gaming plc said its normalized net income for the fiscal first half ended Feb. 28 was £983,130, compared with a loss of £79,380 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue increased year over year to £11.7 million from £4.3 million, and total operating expenses increased on an annual basis to £9.3 million from £4.4 million.

Reported net income totaled £1.6 million, or 4 pence per share, compared to a loss of £130, or a loss of 0 pence per share, in the prior-year period.