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For the nine months ended 30 September 2016, Fantasy Aces Daily Fantasy Sports Corp revenues increased from $577K to $1.3M. Net loss decreased 28% to $1.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Advertising and promotion decrease of 28% to $1.1M (expense), General and administrative decrease of 30% to $434K (expense).
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Revenue | 0.45 | 0.51 | 0.36 | 1.21 |
Gross Profit | 0.29 | 0.34 | 0.19 | -0.24 |
Operating Income | -0.42 | -0.86 | -0.63 | -6.28 |
Net Income | -0.42 | -0.86 | -0.63 | -6.28 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Assets | 3.1 | 2.9 | 3.31 | 2.68 |
Total Liabilities | 2.85 | 1.98 | 2.91 | 2.87 |
Total Equity | 0.26 | 0.92 | 0.41 | -0.2 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -0.9 | -1.21 | -1.08 | -3.5 |
Cash From Investing Activities | 0 | 0.42 | ||
Cash From Financing Activities | 1.29 | 1.03 | 1.29 | 3.07 |
Net Change in Cash | 0.4 | 0.08 | 0.26 | -0.02 |
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