Lottery.com has announced its preliminary financial results for Q2 of FY2021, revealing a conservative sales growth of 911% over the last year.
The online and mobile lottery provider’s revenue is expected to be between $9.1m and $9.6m on a reported basis and between $10.0m and $10.5m on a pro forma basis including the recently acquired interests in Juega Lotto and Aganar. This compares to $0.9m on a reported basis in Q2 of FY2020.
Tony DiMatteo, CEO of Lottery.com, stated, “Our revenue in the first half of the year is tracking ahead of our internal estimates, and based on the progress we are making on several initiatives and historical growth trends, we are forecasting strong sequential growth in the second half of 2021.
“We continue to focus on bringing new products to market and executing agreements with new partners, affiliates and complementary service providers to realise our vision of being a premier global marketplace for all forms of online gaming.”
Lottery.com announced its intention to combine with Trident, an acquisition specialist company, in December which resulted in the firm being floated on the Nasdaq Stock Market.
Since then, revenue growth averaged almost 87% per quarter, and the company expects to achieve similar levels of average growth in the short-term future.
Vadim Komissarov, CEO of Trident, added, “We are pleased with the growth Lottery.com has continued to demonstrate and are optimistic about the company’s future.
“Both teams at Trident and Lottery.com are working together and sharply focused on completing our business combination as quickly as possible.”