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The latest update is out from Gfinity ( (GB:GFIN) ).
Gfinity PLC has announced its audited results for the year ending June 2024, highlighting a strategic transition to become a pure play digital media company. Despite a challenging year marked by reduced revenue and market changes, the company has completed significant restructuring, reduced costs, and embraced a flexible freelance model. The sale of Athlos Game Technologies and the signing of an MOU for AI technology licensing underscore Gfinity’s focus on future growth in digital media and connected TV markets. These strategic changes aim to position Gfinity for profitability and growth by capitalizing on industry trends and opportunities.
More about Gfinity
Gfinity PLC is a company operating in the digital media industry, having transitioned from its previous focus on esports solutions and software development. The company now concentrates on digital media, targeting the gaming community, which is a highly coveted demographic by brands and advertisers. Gfinity is adapting to new market trends including AI and digital media advertising, positioning itself to leverage opportunities in connected TV and online video.
YTD Price Performance: -6.25%
Average Trading Volume: 38,551,558
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.7M
For detailed information about GFIN stock, go to TipRanks’ Stock Analysis page.
