Exciting New Technology & Apps Driving Mobile Gaming Stocks to New Heights

PALM BEACH, Florida, January 30, 2017 /PRNewswire/ --

The multi-billion dollar mobile gaming industry is poised to continue its dominance of the digital market in 2017 as new revenue streams are born and prove to be vastly lucrative while upcoming trends in the industry include continued gaming applications, products and platform innovations and growing popularity of live-streaming opportunities. Gaming stocks financial reporting in the sector of note in the markets include: Activision Blizzard, Inc. (NASDAQ: ATVI), Tapinator, Inc. (OTC: TAPM), Electronic Arts Inc. (NASDAQ: EA), Zynga, Inc. (NASDAQ: ZNGA) and Glu Mobile Inc. (NASDAQ: GLUU).

Tapinator, Inc. (OTC: TAPM), a leading mobile game publisher, is announcing updated preliminary, unaudited summary results for the year ended December 31, 2016. These results replace the preliminary results provided by the Company on January 5, 2017, and are subject to further year-end adjustments that may occur during the completion of its annual year-end audit. Based on the information now available for the year ended December 2016, Tapinator expects revenue of approximately $3.7 million, which corresponds to achieving 52% annual revenue growth versus the comparable figures for 2015, and expects bookings (a non-GAAP measure) of $3.8 million, which corresponds to achieving 56% annual bookings growth versus the comparable figures for 2015. The Company expects to report an operating loss of approximately $12,000 for the year ended December 2016, which compares favorably to an operating loss of approximately $900,000 for the comparable 2015 period. The Company expects to report a net loss of approximately $2.3 million for the twelve-month period ended December 2016 which compares to a net loss of approximately $1.9 million for the comparable 2015 period. The expected net loss for 2016 includes approximately $2.1 in non-cash charges related to the July 2016 refinancing of the Company's Senior Secured Convertible Debenture. The Company expects to report adjusted EBITDA (a non-GAAP measure), of approximately $870,000 for the year ended December 2016, which corresponds to achieving approximately 66% annual adjusted EBITDA growth versus the comparable figures for 2015. Read the full Tapinator (TAPM) Press Release and more news at: http://marketnewsupdates.com/news/tapm.html