Revenue during the quarter dropped 8.30 percent to $5.98 million from $6.52 million in the previous year period. Gross margin for the quarter expanded 1641 basis points over the previous year period to 65.10 percent. Operating margin for the quarter stood at negative 5.02 percent as compared to a negative 13.85 percent for the previous year period.

Operating loss for the quarter was $0.30 million, compared with an operating loss of $0.90 million in the previous year period.

"Fourth quarter provided a strong close to 2016, as significant operational efforts throughout the year increased gross margin to 65% and improved the bottom line by $4.3 million," said Ram Krishnan, NTN Buzztime chief executive officer. “Now, we are excited Buffalo Wild Wings awarded Buzztime the order and pay with EMV functionality. We have enjoyed a mutually beneficial partnership with Buffalo Wild Wings throughout the years and are thrilled to expand our relationship. We believe technology used to improve entertainment and service is critical to the guest experience. In 2017, we will continue investing in the platform as well as driving revenue with our growing distribution channels. We are excited to build upon our successes and generate shareholder value."

The company has spent $0.84 million cash to meet investing activities during the year as against cash outgo of $1.62 million in the last year.

Cash flow from financing activities was $3.26 million for the year, up 64.44 percent or $1.28 million, when compared with the last year.

Cash and cash equivalents stood at $5.69 million as on Dec. 31, 2016, up 76.42 percent or $2.46 million from $3.22 million on Dec. 31, 2015.

Working capital remains almost stable
NTN Buzztime, Inc. has recorded an increase in the working capital over the last year. It stood at $4.02 million as at Dec. 31, 2016, up 0.78 percent or $0.03 million from $3.99 million on Dec. 31, 2015. Current ratio was at 1.60 as on Dec. 31, 2016, down from 1.78 on Dec. 31, 2015.