Profits from used games continue to fuel Maryland-based [URL=http://www.gtti.com/]Game Trading Technologies, Inc. (GTTI)[/URL].

The company, who we took a look [URL=http://www.gamepolitics.com/2010/03/17/look-inside-profitability-used-games]at earlier this year[/URL], specializes in acquiring and redistributing used games, and also offers technology—billed as a “game trading engine”—which provides real-time, dynamic pricing for used games and consoles. GameStop, Wal-Mart, Best Buy, Blockbuster, 7-Eleven, Toys“R”Us, eBay, and GameFly are among GTTI’s customers.

The company released first quarter results for the three months ending March 31, 2010 and revenue rose to $11.4 million, up 37% from the $8.3 million reported in the same quarter one year earlier. First quarter gross profit was pegged at $1.98 million, also up 37% from the previous year’s $1.44 million.
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