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: GamePolitics.comUsed Game Specialist Reaps Large Revenues in Q1
By pete_gallagher
Profits from used games continue to fuel Maryland-based Game Trading Technologies, Inc. (GTTI).
The company, who we took a look at earlier this year, specializes in acquiring and redistributing used games, and also offers technology—billed as a 'game trading engine'—which provides real-time, dynamic pricing for used games and consoles. GameStop, Wal-Mart, Best Buy, Blockbuster, 7-Eleven, Toys'R'Us, eBay, and GameFly are among GTTI's customers.
The company released first quarter results for the three months ending March 31, 2010 and revenue rose to $11.4 million, up 37% from the $8.3 million reported in the same quarter one year earlier. First quarter gross profit was pegged at $1.98 million, also up 37% from the previous year's $1.44 million.
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Full post as published by GamePolitics.com on May 19, 2010 (boomark / email).
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