Touch screen tech firm Zytronic has fallen to a half year £900,000 loss and seen revenues drop by £1.2m following turmoil in the international gaming market.
The business, which has three factories in Blaydon which make systems for everything from ticket machines, information screens and video jukeboxes, has posted interim results for the six months ended March 31 in which group revenue dropped from £5.9m to £4.7m and it saw a pre-tax loss of £900,00, down from last year’s profit of £400,000.
Some of the drop related to some customers overstocking in the gaming and vending sectors last year, as a result of supply chain uncertainties that were prevailing in the electronic components markets. However, the issues were compounded in the gaming sector when, towards the end of the period, Zytronic customers were affected when their end customer Aruze Gaming America filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada.
