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Flexion Announces Third Quarter 2022 Financial Results
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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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