Business
Preliminary Results and Directorate Change
Preliminary Results and Directorate Change.
About this update from Tinybuild Inc.
[{"type":"text","content":"\n \n \n 29 March 2023\n \n \n \n \n \n \n tinyBuild, Inc\n \n \n \n \n \n \n \n \n (\"tinyBuild\" or the \"Company\")\n \n \n \n \n \n \n Preliminary Unaudited Results for the year ended 31 December 2022\n \n \n \n \n Directorate change\n \n \n \n \n \n \n \n \n tinyBuild (AIM:TBLD), a premium video games publisher and developer with global operations, is pleased to announce its unaudited results for the twelve months ended 31 December 2022.\n \n \n \n \n \n \n Financial Summary (unaudited):\n \n \n \n \n \n \n \n \n (12 months ended December, $'000)\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n change\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 52,153\n \n \n \n \n \n 63,295\n \n \n \n \n \n \n 21%\n \n \n \n \n \n \n \n Operating profit\n \n \n \n \n 12,532\n \n \n \n \n \n 15,923\n \n \n \n \n \n \n 27%\n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n 12,524\n \n \n \n \n \n 15,930\n \n \n \n \n \n \n 27%\n \n \n \n \n \n \n \n Basic earnings per share ($ cent)\n \n \n \n \n 4.3\n \n \n \n \n \n 5.7\n \n \n \n \n \n \n 32%\n \n \n \n \n \n \n \n Operating cash flow\n \n \n \n \n 13,290\n \n \n \n \n \n 19,259\n \n \n \n \n \n \n 45%\n \n \n \n \n \n \n \n Net cash, at 31 December\n \n \n \n \n 48,832\n \n \n \n \n \n 26,496\n \n \n \n \n \n \n -46%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adj. EBITDA1\n \n \n \n \n \n \n 22,239\n \n \n \n \n \n \n 24,355\n \n \n \n \n \n \n 10%\n \n \n \n \n \n \n \n \n Adj. EBITDA margin\n \n \n \n \n \n \n 42.6%\n \n \n \n \n \n \n 38.5%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n Excludes share-based compensation expenses, and exceptional items (e.g. IPO cost, Ukraine/ Russia relocation) includes amortisation of Development costs\n \n \n \n \n \n \n Financial highlights:\n \n \n \n ●\n Revenue grew 21% to $63.3m (2021: $52.2m), reflecting a solid performance in the last part of the year from new titles including Hello Neighbor 2, Tinykin, Asterigos, Spiderheck and back catalogue sales.\n \n \n ●\n Adj. EBITDA increased to $24.4m (2021: $22.2m) up 10% y-o-...