Financial Highlights
New revenue streams contributing to overall revenue growth
- Engines - Software
- Royalties - Accessories
New consumer channels and markets are growing rapidly contributing to revenue and margin growth
- Retail was 9% of revenue in Q2 compared to almost zero a year ago
- ScreenPlay consumer product is #1 brand in U.S. and #3 worldwide
Improving gross margins in each of last four quarters
- Achieved target gross margin range of 16-18% in each of last two quarters
- Enabled by a strong new product line up, lower business model cost structure and growing royalty revenues
Controlling operating expenses
- Streamlining and simplification efforts paying dividends
- Reinvestment in sales and marketing for demand generation