6th Feb 2025 13:38
(Alliance News) - tinyBuild Inc on Thursday said its 2024 earnings will be "broadly in line with expectations" but that there are few signs of improvement in the industry.
The Seattle, Washington-based video game developer and publisher said it has a strong pipeline of titles in 2025 but the industry backdrop remains difficult.
It had cash levels in the "low single digit millions" at the end of 2024, and it anticipates reaching a trough in the summer of 2025.
However, the company said it expects its cash position to improve following the launch of "high-potential new games".
The firm said its upcoming launches are showing "strong performance" on wishlists, in particular Kingmakers and Sand.
There is risk around new launches and the ability to convert it into revenue, as such the company is focused on cost control.
It said the conflict in Ukraine and the changing macroeconomic situation "impose caution and vigilance in the medium and long term".
It will continue to assess the position of its staff and manage its cash resources, but it said it is confident of delivering results in line with expectations.
Chief Executive Officer Alex Nichiporchik said: "Over the past two years we rightsized the business to cope with increasingly difficult market conditions and refocused on the 1000-hour game model, while managing cash carefully. We are looking at a strong pipeline of upcoming high-potential games scheduled for launch in 2025 and we remain excited about the future."
Shares in tinyBuild were up 2.1% to 6.38 pence in London on Thursday afternoon.
By Michael Hennessey, Alliance News reporter
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