Playlogic Reports Strong Third Quarter
Playlogic announced the financial results of its fiscal third quarter ended September 30, 2007.
Playlogic announced net revenues for the quarter of $3.7 million, compared to net revenues in the same quarter the previous year of $1.5 million. Net profit in the latest quarter was $2.1 million, compared with a net loss of $4.6 million in the same quarter the previous year. Playlogic attributes the increase in net revenues to the release of three games: Obscure II, Evil Days of Luckless John and Xyanide Resurrection. Recently, Playlogic completed the sale of $12.3 million of stock.