Business
Shoal Games Announces Q3 2018 Results
(via TheNewswire) ANGUILLA, B.W.I. / TheNewswire / November 14, 2018 - Shoal Games Ltd...
About this update from Kidoz Inc
[{"type":"text","content":"Shoal Games Announces Q3 2018 Results(via TheNewswire)\n \n \nANGUILLA, B.W.I. / TheNewswire / November 14, 2018 - Shoal Games Ltd. (TSXV: SGW) (OTCQB: SGLDF) (\"the Company\"), mobile software developer, owner, and publisher of Rooplay, the EdTech games platform (www.rooplay.com) and the Rooplay Originals games featuring Garfield, Moomin, Mr. Men & Little Miss, Pororo, Peter Rabbit and Mr. Bean today announced its unaudited financial results for the third quarter ended September 30, 2018. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.\n\n\n \nRecent Shoal Games Ltd. highlights include:\n\n\n \nRevenue increase of 68% to $40,942 over second quarter of fiscal 2018\n\n\n \nReduced loss by 60% to $397,176 from fiscal second quarter 2018 loss of $989,473 \n\n\n \nLaunched Rooplay.com web platform for desktop and mobile web subscriptions\n\n\n \nLaunched new game categorizations by Age and Grade\n\n\n \n\"With the launch of the Rooplay games platform on www.rooplay.com we now have two complete platforms live and synchronized with hundreds of educational games for children,\" commented Jason Williams, CEO of Shoal Games. \"Soon we will be adding Apple iOS and Smart TV support for Rooplay which will create one of the first fully cross platform OTT games systems in existence. We continue to advance all aspects of Rooplay to improve usability, personalization, engagement, and the content catalog. With more than 40 Rooplay Original games and hundreds of hand-picked licensed games Rooplay offers a unique and growing selection of high quality educational games for kids. In our next phase of development, we will be sharing the Shoal.JS game development framework to partner developers so they can port existing games to the Rooplay platform. As we simultaneously improve the Rooplay system and expand the Rooplay game library, the value of our offering becomes stronger and our position in the market solidified. \n\n\n \n\"For kids, traditional TV viewing is in decline and the growth of digital entertainment and OTT services will help to distribute Rooplay to millions of households. Rooplay is in a strong position to become the leading OTT gaming solution for children. Building an OTT system of any content type is a large endeavor that requires time, invest...