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Flexion Announces Third Quarter 2022 Financial Results

Published

3 years ago

on


Reading Time: < 1 minute

Flexion has announced its financial results for the quarter ended September 30, 2022. The company has reported a revenue growth of 138% and EBITDA of GBP 1.5 million.

July-September 2022 Performance

  • Total revenue increased by 138% to GBP 18.5m
  • Gross profit increased by 196% to GBP 3.0m
  • Adjusted EBITDA increased to GBP 1.5m
  • Adjusted profit before tax increased to GBP 0.3m
  • EPS amounted to GBP -1.22 pence
  • Adjusted EPS amounted to GBP 0.51 pence
  • Operating cashflow amounted to GBP 1.9m
  • Cash and cash equivalents amounted to GBP 10.5m

January-September 2022 Performance

  • Total revenue increased by 111% to GBP 46.8m
  • Gross profit increased by 166% to GBP 7.4m
  • Adjusted EBITDA increased to GBP 3.2m
  • Adjusted profit before tax increased to GBP 0.8m
  • Operating cashflow amounted to GBP 4.9m

Important Events During the Quarter

  • Launch of King of Avalon from FunPlus
  • Signing and launch of Matchington Mansion from Magic Tavern Inc
  • Signing of Call Me Emperor from Clicktouch Co. on the Japanese market
  • Signing of Kiss of War from tap4fun
  • Completion of USD 500k Liteup Media investment for 20% stake
  • Launch of cost-per-install (CPI) service by Liteup Media to target TikTok users

Important Events After the Quarter

  • With Amazon-Windows 11 deal, Flexion can help Android games reach PC audiences.
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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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