tinyBuild Inc. (GB:TBLD) has released an update.
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tinyBuild Inc. reports a 19% revenue decline to $18.8m in H1 2024, primarily due to decreased development service revenues and underperformance of Versus Evil titles, despite improved gross profit to $4.1m and a strong cash position of $9.2m. The video game publisher and developer released new titles, including Lil’ Guardsman and Tamarak Trail, and remains confident in its diverse portfolio and pipeline, expecting to launch several larger-budget games. CEO Alex Nichiporchik cites over 3 million wishlist adds and a successful in-house event as indicators of cautious optimism amid a challenging economic environment.
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