Revenue Update on NTN Buzztime Inc(NYSEMKT:NTN)

NTN Buzztime Inc(NYSEMKT:NTN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $5.41M. Analysts estimated a revenue of $5.65M. Earnings per share were $-0.46. Analysts had estimated an EPS of $-0.50.

NTN Buzztime Inc (NTN) made into the market gainers list on Fridays trading session with the shares advancing 6.12% or 0.32 points. Due to strong positive momentum, the stock ended at $5.55, which is also near the day’s high of $5.6. The stock began the session at $5.31 and the volume stood at 13,266 shares. The 52-week high of the shares is $29.5 and the 52 week low is $4. The company has a current market capitalization of $10 M and it has 18,48,597 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Ram Krishnan (CEO) purchased 3,000 shares at $4.80 per share price.Also, On Jun 16, 2016, Dave Brian Miller (SVP Marketing) purchased 40,000 shares at $0.12 per share price.On Jun 14, 2016, Allen Wolff (CFO) purchased 15,000 shares at $0.12 per share price, according to the Form-4 filing with the securities and exchange commission.

NTN Buzztime Inc. provides an entertainment and marketing services platform for hospitality venues that offers games events and entertainment experiences to their patrons. The Company’s entertainment system enables players to interact at the venue and it also enables competition between venues referred to as multiplayer gaming. The Company generates revenue by charging subscription fees for its service to its network subscribers by leasing equipment including tablets used in the Company’s BEOND platform and the cases and charging trays for the tablets to certain network subscribers by hosting live trivia events by selling advertising aired on in-venue screens and as part of customized games and directly from consumers who pay to play or use the an arcade and a digital music jukebox which it offers via BEOND platform. The Company owns a range of brands which include the Buzztime Playmaker Mobile Playmaker BEOND Powered by Buzztime and Play Along.

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