Q1 Report - 30 June 2020
Flexion records strongest quarterly performance to date with total revenue up by 153%, gross margin up by 216% and adjusted EBITDA[‡] up by 103%. A new important milestone has been reached demonstrating a positive EBITDA for the first time during a quarter since the launch of its distribution services for Android games.April 2020 to June 2020 performance · Total revenue increased by 153% to GBP 4.8m (GBP 1.9m)* · Gross profit increased by 216% to GBP 0.7m (GBP 0.2m) · Adjusted EBITDA improved by 103% to GBP 0.02m (GBP -0.5m) · Operating loss reduced by 81% to GBP -0.04m (GBP -