Elys Game Technology Sees FY21 Sales Below Street View

  • Elys Game Technology Corp ELYS expects a 22% increase in fiscal 2021 sales to $45.5 million, versus the Street view of $47.5 million.
  • The company sees web-based gross gaming revenue to increase by 74% Y/Y to about $54.9 million.
  • The company's general and administrative expenses rose 39% Y/Y to $5.3 million, subject to final audit verification.
  • The company noted it is well-positioned to convert investment in technology into revenue-generating customer relationships in the U.S. and Canada heading into 2022.
  • Price Action: ELYS shares are trading lower by 2.66% at $2.25 on the last check Monday.
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