Game Trading Technologies reports 2nd quarter loss

August 24, 2010|By Gus G. Sentementes, The Baltimore Sun

Game Trading Technologies Inc., a Hunt Valley-based supplier of used video games to retailers, said Tuesday that it posted a net loss of $901,000 on revenue of $6.6 million in the second quarter. In the similar quarter a year earlier, GTTI had a profit of $915,000 on revenue of $13 million.

The company, which held a public stock offering in March, said the second quarter is typically the slowest period of the year for its business.

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