TORONTO: Imperus Technologies Corpreports its financial results for the third quarter of 2015 (the three month period ended September 30, 2015).
HIGHLIGHTS
Diwip Ltd. (“Diwip”) generated revenue of $5.90 million and $17.49 million on a stand -alone basis for the three and nine months ended September 30, 2015 respectively and adjusted EBITDA of $2.82 million and $5.78 million respectively (see Non-IFRS measures). As Imperus acquired Diwip on January 30, 2015, Diwip’s January 2015 results are not consolidated into the Imperus financial statements.
Adjusted EBITDA for the Company for the three and nine months ended September 30, 2015 was $1.82 million and $2.67 million respectively compared to $0.23 million and $0.73 million for the three and six month ended June 30, 2015 (see Non-IFRS measures).
The Company substantially grew its Adjusted EBITDA growth in Q3 2015 through:
Its strategic decision to focus on its consumer offering in the social casino market and exit business lines which are non-core to the social casino opportunity;
Beginning a comprehensive initiative at Diwip to use predictive analytics and customer segmentation to improve retention and grow customer value while reducing inefficient marketing spending
The quarter also saw the launch of the Company’s “Best Vegas Slots” game on both Canvas and Mobile, with promising initial results.
