Q4 and Year-End Report - 31 March 2020
Flexion sees very strong performance towards the end of the quarter and accelerating growth in April and May driven by a surge in the gaming market. Total revenue grows by 66% and gross profit improves by 70% significantly reducing the negative adjusted EBITDA.January 2020 to March 2020 performance · Total revenue increased by 66% to GBP 2.8m (GBP 1.7m)* · Gross profit increased by 70% to GBP 0.4m (GBP 0.2m) · Adjusted EBITDA improved by 54% to GBP -0.2m (GBP -0.5m) · Write down of GBP 1.1m in recoverable MG payments · Operating loss increased by 175% to GBP -1.3m (GBP -0.