Live dealer online casino specialist Evolution Gaming has delivered an impressive performance in its first ever earnings report as a publicly traded company.

Evolution says revenue in the first three months of 2015 came to €15.4m, a 43% year-on-year improvement. Evolution, which began listing shares on Stockholm’s NASDAQ First North Premier market in March, says the quarter was marred by €4m in non-recurring expenses involved with the initial public offering. As such, Q1 earnings per share fell 50% to €0.04 and profit fell one-third to €1.4m. Absent those IPO bills, earnings would have nearly doubled to €6.2m.

Evolution CEO Jens von Bahr said the quarterly revenue was a company record thanks to good growth in the company’s existing customer portfolio and increased mobile usage. One-fifth of Q1 revenue was derived via mobile devices.

Discounting those pesky IPO costs, margins increased 11 points to 40%, easily topping Evolution’s 35% target. Von Bahr said the conditions for live casino operations “have never been so good as they are today” and bode well for Evolution’s future.