Investee Company Update – Low 6
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your GUN notes
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has received an update from its investee company Low 6 Limited ("Low 6").
Low 6 has reached a significant milestone by generating revenue of just under £1m (unaudited) for the quarter ended 30 September 2023, and expects to continue on its current trajectory during Q2. Its financial year runs from 1 July 23 to 30 June 24. Audited revenue for the year ended 30 June 2022 was £854,851 and loss before tax was £18,350,342
Low 6 was successful in a Request for Proposal (RFP) process with 'OPTA' Stats Perform. Its work with OPTA focuses on the launch of multiple games based on Premier League statistics. Low6 also successfully launched products with Oddschecker for the new English Premier League season and signed a significant contract extension with Rush Street Interactive in North America for product development over the next 18 months.
The Company invested approximately £265,000 in Low6 and holds 0.66% of Low6's issued share capital. More information on Low6 can be found at https://low6.com/.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.