The results
compared with net income of US$3.4 million on US$23.5m in revenue for the
fourth quarter of 2015. For full year 2016, the company posted net income of
US$ 5.2 million on revenues of US$ 82.1 million, compared to net income of US$ 6.9
million and revenues of US$ 78.2 million for 2015.
"This
increase in revenues is primarily due to the casino currency, the playing cards
and the RFID solutions product lines, offset by a decrease in the table layouts
product lines,” the company stated.
"The 2016 net income includes a US$0.4 million impairment loss on intangible
assets while the 2015 net income includes a gain of US$ 1.3 million on the sale
of a building and land we owned in Las Vegas, Nevada. In the fourth quarter of
2016 we shipped our first order of Dolphin chips. With the acquisition of
assets from Dolphin, we have strengthened our position in the growing Asia
market. ”
