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2012
February 21, 2012
Bingo.com Announces Year End & Fourth Quarter Results
ANGUILLA, B.W.I., February 21, 2012 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2011. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Third consecutive profitable quarter;
- Total profit for the quarter ended December 31, 2011, was $31,093, an improvement from a loss of $260,682 for the same period in the prior year and an increase of 105% from a profit of $15,158 in the third quarter of 2011;
- Total revenue for the quarter ended December 31, 2011, was $389,390, an increase of 251% from revenue of $110,884 for the same period in the prior year and a decrease of 7% from revenue of $416,732 in the third quarter of 2011;
- General and administrative expenses were $137,607 during the fourth quarter of 2011, a decrease of 44% from general and administrative expenses of $245,175, in the fourth quarter of 2010 and a decrease of 6% from expenses of $146,137 for the third quarter of 2011.
“2011 was a pivotal year for Bingo.com,” said Jason Williams, the Company’s CEO. “During the first quarter, Bingo.com completed its restructuring initiatives and launched an aggressive new marketing campaign. The execution of these two strategies resulted in a large loss for Q1, 2011, but set the stage for Bingo.com’s return to profitability. With our costs down, and revenues rising, Bingo.com recorded profits for the remaining three quarters of 2011, improving with each quarter. During the fourth quarter, with a slightly lower marketing spend our revenues declined slightly, but our profits more than doubled. While we are concentrating on retaining profitability in 2012, our major focus will be to increase revenues and market share. Therefore, we will be investing significant resources into our marketing programs in the first quarter of 2012, which could result in a net loss for the quarter. However, we expect to continue to see long term positive returns on our marketing investments and believe that our current strategy is the correct one.”
December 7, 2011
Bingo.com Knows of No Material Change in it’s Affairs
ANGUILLA, B.W.I., December 7, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today reported that, in view of the unusual rise in the share price of the common stock of the Company, it reports that it is not aware of any material corporate development or material change which could account for the price changes.
XBRL Documents bngof-20110930_FINAL
Q3 2011 Form 10-Q
| Item | Description | File |
| 101.ins XBRL | Instance Document | bngof-20110930.xml |
| 101.xsd XBRL | Taxonomy Extension Schema Document | bngof-20110930.xsd |
| 101.cal XBRL | Taxonomy Extension Calculation Linkbase Document | bngof-20110930_cal.xml |
| 101.def XBRL | Taxonomy Extension Definition Linkbase Document | bngof-20110930_def.xml |
| 101.lab XBRL | Taxonomy Extension Labels Linkbase Document | bngof-20110930_lab.xml |
| 101.pre XBRL | Taxonomy Extension Presentation Linkbase Document | bngof-20110930_pre.xml |
Note: To download XBRL documents, right click on the link and
select save link as or save target as depending on internet browser.
November 14, 2011
Bingo.com Announces Profitable Third Quarter
ANGUILLA, B.W.I., November 14, 2011 / Bingo.com, Ltd. (OTC BB: BNGOF), owner of the popular online gaming community http://www.bingo.com, today announced its unaudited financial results for the third quarter ended September 30, 2011. All amounts are presented in United States Dollars and in accordance with United States Generally Accepted Accounting Principles.
Recent Bingo.com highlights include:
- Second consecutive profitable quarter;
- Net income for the three months ended September 30, 2011 was $15,158, a 78% increase
compared to a net income of $8,520 in the second quarter of 2011; and - Revenue of $416,732, an increase of 15% from revenue of $363,492 in the second quarter of2011.
“Bingo.com has increased revenue and profits in the third quarter of 2011”, said Jason Williams, Bingo.com’s CEO. “We continue to build on the success of our restructuring program and marketing efforts. Despite the challenging summer months and a significant negative effect from currency fluctuations due to the strengthening of the United States Dollar, our reporting currency, Bingo.com has performed well. The benefits of Bingo.com’s participation in the Unibet partner program are now being realized with gaming revenues increasing by 382% when compared with the same quarter in 2010. Leveraging the multi-language and multi-currency features of the Unibet platform, Bingo.com’s European expansion is proving successful with several markets now contributing significant portions of our revenue. Player acquisitions and gaming activity on Bingo.com remain high and we hope to continue our success with further marketing investments in the fourth quarter.”