tinyBuild delivered H1 2022 results in line with expectations and reiterated its outlook for full year performance at least in line with expectations. The company invested heavily in software development in support of anticipated game launches. Therefore, lagging amortisation expenses should rise in H2 and H1 2023, alongside anticipated revenues from game launches. We believe tinyBuild’s low earnings multiples factor in the risk of game launches in H2. In contrast, the company sees “very encoura ....
28 Sep 2022
tinyBuild (TBLD LN) - Strong H2 launches anticipated
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
tinyBuild (TBLD LN) - Strong H2 launches anticipated
tinyBuild Inc. (TBLD:LON) | 4.8 0 0.0% | Mkt Cap: 18.9m
- Published:
28 Sep 2022 -
Author:
Bob Liao, CFA -
Pages:
11
tinyBuild delivered H1 2022 results in line with expectations and reiterated its outlook for full year performance at least in line with expectations. The company invested heavily in software development in support of anticipated game launches. Therefore, lagging amortisation expenses should rise in H2 and H1 2023, alongside anticipated revenues from game launches. We believe tinyBuild’s low earnings multiples factor in the risk of game launches in H2. In contrast, the company sees “very encoura ....