BUSINESS

Cryptologic tries to mask its sorrow as revenues fall 25%

TAGs: Cryptologic, q1 revenue fall

CryptoManCryptologic’s Q1 numbers are out, and the software provider saw revenues fall 25%, leading to a net loss of $3.2M, which is 2.5x their losses in the same period last year. Perhaps the company is underperforming because it’s weary from that titanic struggle its subsidiary is waging against Marvel Comics? Looks like the cavalry (in the form of new CFO Huw Spiers) cannot arrive soon enough. Read more.

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