tinyBuild Inc. (GB:TBLD) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
tinyBuild Inc., a leading video game publisher and developer, reported a challenging financial year with a 29% revenue decline to $44.7 million and a significant operating loss of $63.8 million for 2023, attributed to lower large contract revenues, impairments, and increased costs. Despite the financial setbacks, the company highlighted a strong game pipeline and cost-saving measures aimed at achieving an annualized savings of nearly $10 million in 2024. The company remains confident in its long-term strategy and upcoming game releases, supported by a successful fundraise of $12.3 million in January 2024.
For further insights into GB:TBLD stock, check out TipRanks’ Stock Analysis page.
