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An update from Mighty Kingdom Ltd ( (AU:MKL) ) is now available.
Mighty Kingdom Limited reported a 10% increase in game revenue for the December quarter, driven by new releases like Power Rangers Mighty Force and partnerships with Google and Spin Master. Despite improved cash flow management, the company awaits $2 million in government incentives. With a new $1.2 million debt facility secured, Mighty Kingdom aims to maintain operations and explore new corporate opportunities, suggesting potential value growth for shareholders.
More about Mighty Kingdom Ltd
Mighty Kingdom Limited is a game development company based in Adelaide, Australia. It creates game experiences for over 7 million players monthly in collaboration with globally recognized brands such as LEGO, Disney, Mattel, and Paramount, as well as developing original games.
Average Trading Volume: 1,597,561
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.3M
See more insights into MKL stock on TipRanks’ Stock Analysis page.
