Gfinity fails to profit from esports boom

Gfinity (LON:GFIN) should be prospering because of its exposure to the fast-growing esports sector, but it is a long way from being a success. Over ambition and a failure to run the business to generate cash have led to the departure of the chief executive. This has happened one week before the interim figures are set to be published.

Gfinity has already said that interim revenues will decline to £3.5m, but the loss will be slightly lower at £2.4m. Full year revenues of £7.45m were forecast, but this is not likely to be achieved. Two major events that were due to take place by the end of Ju...

Previous articleHalfords announce plans to close Cycle Republic stores
Next articleThree pharmaceutical shares trialing and developing coronavirus treatments
Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.