mgt capital investments inc (MGT) Key Developments
MGT Capital Investments, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment of Intangible Assets for the Fourth Quarter of 2014
Apr 15 15
MGT Capital Investments, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total revenue was $354,000, as compared to $203,000 for the same period last year. Operating loss was $1.4 million comparing favorably to a loss of $2.4 million in the same period of 2013. Net loss before income taxes and non-controlling interest was $1,498,000 compared to $2,388,000 a year ago. Net loss attributable to the company was $1,436,000 compared to $2,019,000 a year ago. Basic and diluted loss per share was $0.14 compared to $2.08 a year ago. During the quarter, net cash used in operating activities was $900,000, as compared to $1.2 million in the third quarter of 2014.
For the year, the company's total revenue was approximately $1.1 million as compared with $396,000 for the same period in 2013. The operating loss reduced to $5.6 million as compared with $9.5 million for the same period last year. Net loss before income taxes and non-controlling interest was $5,765,000 compared to $10,936,000 a year ago. Net loss income attributable to the company was $5,330,000 compared to $10,202,000 a year ago. Basic and diluted loss per share was $0.56 compared to $1.82 a year ago.
For the quarter, the company reported impairment of intangible assets was $135,000.
MGT Capital Investments, Inc. announced delayed annual 10-K filing
Mar 31 15
On 03/31/2015, MGT Capital Investments, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
MGT Capital Investments Launches DraftDay Rapid Fire iPhone App
Mar 19 15
MGT Capital Investments, Inc. announced that its Rapid Fire mobile app has received release approval by Apple's iTunes App Store. DraftDay Rapid Fire presents a new and exciting way to play daily fantasy sports while on the go. Players will enjoy all their favorite fantasy sports with Rapid Fire, including professional and college football, baseball, basketball, golf and hockey. Two variations are offered: Rapid Fire and Rapid Fire Max. Winning prizes range from roughly double the entry fee to nearly 20 times. Both versions will challenge and reward the skill of casual fantasy sports fans, in addition to number-crunching enthusiasts. Current DraftDay players can log in using their existing accounts and new users will experience quick signup to an industry leading platform.
MGT Capital Investments, Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-20-2015 01:30 PM
Jan 8 15
MGT Capital Investments, Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-20-2015 01:30 PM. Venue: Club Med, Sandpiper Bay, Florida, United States.
MGT Capital Investments, Inc. Launches Daily Fantasy Legend
Dec 17 14
MGT Capital Investments, Inc. announced the official launch of Daily Fantasy Legend, a Facebook-based fantasy sports game where players create teams of athletes from the rosters of major professional sports, and then compete in tournaments on a daily basis. Daily Fantasy Legend seeks to further capitalize on this popularity by reaching a vast new audience with monetization ideas. Daily Fantasy Legend plans to monetize the site by selling virtual currency to allow players to enter larger, higher stakes contests, and by serving traditional video ads.