New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 52% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (kr167.2m market cap, or US$17.7m). New Risk • Apr 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (kr164.4m market cap, or US$17.8m). Reported Earnings • Apr 02
Full year 2025 earnings released: UK£0.22 loss per share (vs UK£0.049 loss in FY 2024) Full year 2025 results: UK£0.22 loss per share (further deteriorated from UK£0.049 loss in FY 2024). Revenue: UK£72.6m (down 5.4% from FY 2024). Net loss: UK£12.7m (loss widened 366% from FY 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (kr169.5m market cap, or US$18.0m). Annonce • Apr 01
Flexion Mobile Plc to Report Q4, 2026 Results on Mar 31, 2027 Flexion Mobile Plc announced that they will report Q4, 2026 results on Mar 31, 2027 New Risk • Nov 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (kr153.6m market cap, or US$16.1m). Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: UK£16.5m (down 7.0% from 3Q 2024). Net loss: UK£709.8k (flat on 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Oct 02
Founder recently bought kr86k worth of stock On the 30th of September, Jens Lauritzson bought around 20k shares on-market at roughly kr4.31 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jens has been a buyer over the last 12 months, purchasing a net total of kr1.6m worth in shares. Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: UK£17.1m (down 3.5% from 2Q 2024). Net loss: UK£410.4k (loss narrowed 55% from 2Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 33% per year. Buy Or Sell Opportunity • Jun 30
Now 31% overvalued Over the last 90 days, the stock has fallen 13% to kr5.22. The fair value is estimated to be kr4.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Board Change • Jun 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Ben Crawford was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 25
Flexion Mobile plc Announces Board Changes Flexion Mobile Plc at its AGM held on June 25, 2025, approved that Andrew Shen assumes the role of Chairman. Carl Palmstierna and Mikael Pawlo retired from the Board at the AGM. Recent Insider Transactions • Jun 22
Founder recently bought kr188k worth of stock On the 19th of June, Jens Lauritzson bought around 39k shares on-market at roughly kr4.84 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr640k. Jens has been a buyer over the last 12 months, purchasing a net total of kr1.5m worth in shares. New Risk • May 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr299.1m market cap, or US$31.4m). Reported Earnings • May 23
First quarter 2025 earnings released First quarter 2025 results: Revenue: UK£17.9m (down 2.4% from 1Q 2024). Net loss: UK£996.9k (loss widened 41% from 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Entertainment industry in Sweden. Annonce • May 22
Flexion Mobile Plc, Annual General Meeting, Jun 25, 2025 Flexion Mobile Plc, Annual General Meeting, Jun 25, 2025. Location: unit g5 harbour yard, chelsea harbour, sw10 0xd, london, United Kingdom Annonce • May 20
Flexion Mobile Plc to Report Q1, 2026 Results on May 20, 2026 Flexion Mobile Plc announced that they will report Q1, 2026 results on May 20, 2026 Recent Insider Transactions • Apr 02
Founder recently bought kr640k worth of stock On the 31st of March, Jens Lauritzson bought around 100k shares on-market at roughly kr6.40 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jens has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares. Reported Earnings • Mar 31
Full year 2024 earnings released: UK£0.04 loss per share (vs UK£0.043 profit in FY 2023) Full year 2024 results: UK£0.04 loss per share (down from UK£0.043 profit in FY 2023). Revenue: UK£76.5m (up 9.3% from FY 2023). Net loss: UK£2.26m (down 195% from profit in FY 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Annonce • Mar 31
Flexion Mobile Plc to Report Fiscal Year 2025 Results on Mar 31, 2026 Flexion Mobile Plc announced that they will report fiscal year 2025 results on Mar 31, 2026 Annonce • Feb 05
Flexion Mobile plc Announces CFO Changes Flexion Mobile Plc announced that its CFO, Niklas Koresaar has resigned and will be leaving the company to pursue other opportunities. Ross Logan, who is currently Flexion's Audit Committee Chairman will take on the expanded responsibilities as acting CFO. Ross, who is a Chartered Accountant, started his career at PwC and has a solid background from two decades of experience in the games industry where he has previously worked as CFO at Miniclip and Wooga among others. Annonce • Jan 15
Flexion Mobile Plc Announces Partnership with King to Market New Game Candy Crush Solitaire in Alternative App Stores Flexion Mobile Plc announced a partnership with King to market new game Candy Crush Solitaire in alternative app stores. Expected to be one of the exciting game announcements of the year, Candy Crush Solitaire will be available on the Amazon Appstore, Samsung Galaxy Store, Huawei App Gallery, Xiaomi GetApps and ONE store from the get-go thanks to Flexion's expertise and technology. The game launches globally across platforms on 6 February and is already available for preregistration in all the stores. Flexion has had a partnership with King since June 2024 to market Candy Crush Saga on the alternative stores. With this latest deal, both companies are breaking new ground with concurrent launches, taking them to the leading edge of games marketing. Annonce • Jan 02
Flexion Mobile Plc to Report Q3, 2025 Results on Nov 19, 2025 Flexion Mobile Plc announced that they will report Q3, 2025 results on Nov 19, 2025 Recent Insider Transactions • Nov 28
Founder recently bought kr690k worth of stock On the 26th of November, Jens Lauritzson bought around 100k shares on-market at roughly kr6.90 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jens' only on-market trade for the last 12 months. Reported Earnings • Nov 21
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: UK£17.8m (up 20% from 3Q 2023). Net loss: UK£710.5k (loss widened 1.6% from 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Sweden. Reported Earnings • Aug 22
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: UK£17.7m (up 14% from 2Q 2023). Net loss: UK£902.1k (loss widened 335% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Entertainment industry in Sweden. Annonce • Jun 06
Flexion Mobile Plc, Annual General Meeting, Jun 26, 2024 Flexion Mobile Plc, Annual General Meeting, Jun 26, 2024. Location: at flexion mobile plc, unit g5, harbour yard, chelsea harbour, london, sw10 0xd, london United Kingdom Reported Earnings • May 22
First quarter 2024 earnings: Revenues miss analyst expectations First quarter 2024 results: Revenue: UK£18.3m (up 13% from 1Q 2023). Net loss: UK£706.5k (loss widened 39% from 1Q 2023). Revenue missed analyst estimates by 4.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Entertainment industry in Sweden. Reported Earnings • Mar 20
Full year 2023 earnings released: UK£0.025 loss per share (vs UK£0.006 profit in FY 2022) Full year 2023 results: UK£0.025 loss per share (down from UK£0.006 profit in FY 2022). Revenue: UK£70.8m (up 3.3% from FY 2022). Net loss: UK£1.43m (down UK£1.78m from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 29
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£81.2m to UK£71.0m. Forecast loss of -UK£0.02, down from profit of UK£0.01 per share profit previously. Entertainment industry in Sweden expected to see average net income growth of 121% next year. Consensus price target down from kr22.03 to kr19.22. Share price fell 8.3% to kr8.60 over the past week. New Risk • Nov 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 64% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (64% accrual ratio). Minor Risks Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (kr511.7m market cap, or US$48.8m). Annonce • Nov 05
Flexion Mobile plc Revises Revenue Guidance for the Fiscal Year 2023 Flexion Mobile Plc revised revenue guidance for the fiscal year 2023. for the year, the company revised its annual revenue growth guidance to 0%-10% for 2023. Previous guidance was the lower range of 20%-40%. Annonce • Nov 04
Flexion Mobile plc Provides Revenue Guidance for the Month of October and Fourth Quarter of 2023 Flexion Mobile Plc provided revenue guidance for the month of October and fourth quarter of 2023. for the October, the company expects revenue of GBP 6.6 million.For the quarter, the company expects revenue of GBP 22 million to GBP 29 million. Reported Earnings • Aug 23
Second quarter 2023 earnings released: UK£0.004 loss per share (vs UK£0.015 loss in 2Q 2022) Second quarter 2023 results: UK£0.004 loss per share (improved from UK£0.015 loss in 2Q 2022). Revenue: UK£15.5m (down 13% from 2Q 2022). Net loss: UK£207.5k (loss narrowed 72% from 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annonce • Jul 07
Lexion Mobile plc Announces Appointment of Ben Crawford as Non-Executive Director Flexion Mobile Plc announced the appointment of Ben Crawford as a non-executive Director, effective July 6, 2023. Ben has a long history of successful leadership in scaling up and globalizing technology, media and entertainment businesses. He recently retired from his role as CEO of CentralNic Group PLC, an internet services business he took public on the London Stock Exchange's AIM Market and grew from $2 million to over $720 million revenues in under a decade, through both acquisitions and organic growth. His earlier positions include Executive Producer of the official website of the Olympic Games. Ben has previously sat on Boards of companies with securities listed in London and Oslo. Annonce • Jun 24
Alta Fox Opportunities Fund, LP, managed by Alta Fox Capital Management LLC acquired an unknown minority stake in Flexion Mobile Plc. Alta Fox Opportunities Fund, LP, managed by Alta Fox Capital Management LLC acquired an unknown minority stake in Flexion Mobile Plc on June 22, 2023.Alta Fox Opportunities Fund, LP, managed by Alta Fox Capital Management LLC completed the acquisition of an unknown minority stake in Flexion Mobile Plc on June 22, 2023. Recent Insider Transactions • Jun 09
Founder recently bought kr63k worth of stock On the 7th of June, Jens Lauritzson bought around 5k shares on-market at roughly kr12.79 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr82k. Despite this recent buy, Jens has been a net seller over the last 12 months, reducing personal holdings by kr1.0m. Recent Insider Transactions • May 26
Founder recently sold kr880k worth of stock On the 22nd of May, Per Lauritzson sold around 62k shares on-market at roughly kr14.25 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth kr1.2m. This was Per's only on-market trade for the last 12 months. Reported Earnings • May 17
First quarter 2023 earnings released First quarter 2023 results: Revenue: UK£16.3m (up 54% from 1Q 2022). Net loss: UK£506.8k (down 299% from profit in 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 04
Founder recently sold kr1.2m worth of stock On the 31st of March, Jens Lauritzson sold around 73k shares on-market at roughly kr16.30 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jens' only on-market trade for the last 12 months. Reported Earnings • Mar 23
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: UK£0.007 (down from UK£0.014 in FY 2021). Revenue: UK£68.5m (up 97% from FY 2021). Net income: UK£350.2k (down 51% from FY 2021). Profit margin: 0.5% (down from 2.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Jan 19
Flexion Mobile Plc Announces Executive Appointments Flexion Mobile PLC has strengthened its management team as it prepares for future expansion and growth. Victor Horbach has been promoted to General Manager of Flexion's newly formed Distribution unit following four years as the company's Chief Revenue Officer. Adrian Kotowski, CEO and Founder of Audiencly (which was acquired by Flexion last year) has been appointed General Manager of Influencer Marketing services at Flexion. Toby Heap has been hired as Head of Commercial Services to support the growth of the Distribution unit. Under Victor's leadership Flexion's annual revenue from alternative app store distribution is 30 times higher than it was in 2018. Victor has been instrumental in building new revenue and audiences for many of Flexion's top-grossing game developer customers, including Wargaming, FunPlus and Top Games. In his new role Victor will take over the day-to-day running of Flexion's Distribution unit. He will oversee Flexion's product, marketing, commercial and delivery service teams with the goal of continuing the company's scalable growth. Victor will manage a team of 85 people and report to Flexion's CEO, Jens Lauritzson. Adrian has grown Audiencly into a leading influencer marketing agency bringing top brands together with a network of more than 6000 personalities from all over the world. In his new role he will be responsible for overall direction and performance of influencer campaigns for Flexion's and Audiencly's customers. He will manage a team of 35 people and report to Jens. Toby brings substantial experience as a senior leader in gaming organisations. Most recently he was Principal Business Growth Manager atHuawei where he worked closely with Flexion to grow developer's revenue in the Huawei AppGallery. Annonce • Dec 15
Flexion Launches Kiss of War from Tap4fun Flexion Mobile Plc launched Kiss of War from tap4fun on the alternative app stores. The hit game is now live on the ONE store, as well as the Amazon and Samsung Galaxy app stores. Kiss of War is one of three tap4fun games that Flexion is bringing to the alternative app stores. The other games are Kingdom Guard and Age of Apes. In October, Kiss of War generated USD 1.9 million in revenue on Google Play according to App Magic. Flexion's distribution services will add revenue and new players from the alternative app stores with little upfront cost or work being required of the developer. Flexion is adding an average of 10% to a game's revenue by taking it to the alternative app stores. Kiss of War is a war strategy game where players unite commanders to eliminate invaders and achieve world peace. Flexion previously announced it generated $50 million in revenue for Android game developers in the last 12 months by bringing games to the alternative app stores. Reported Earnings • Nov 23
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: UK£0.012 loss per share (further deteriorated from UK£0.001 loss in 3Q 2021). Revenue: UK£18.5m (up 138% from 3Q 2021). Net loss: UK£634.2k (loss widened UK£599.0k from 3Q 2021). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jean-Marcel Nicolai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 23
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: UK£17.7m (up 127% from 2Q 2021). Net loss: UK£716.4k (loss widened UK£651.2k from 2Q 2021). Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 58%, compared to a 49% growth forecast for the Entertainment industry in Sweden. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 26% share price gain to kr20.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Entertainment industry in Sweden. Total returns to shareholders of 68% over the past three years. Major Estimate Revision • Jul 21
Consensus revenue estimates increase by 14% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from UK£56.0m to UK£64.0m. EPS estimate increased from UK£0.06 to UK£0.08 per share. Net income forecast to grow 313% next year vs 25% growth forecast for Entertainment industry in Sweden. Consensus price target up from kr31.11 to kr34.01. Share price was steady at kr16.95 over the past week. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jean-Marcel Nicolai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 03
Flexion Mobile plc Launches King of Avalon Flexion Mobile Plc has launched King of Avalon from FunPlus on the alternative app stores. The Top Grossing game is now live on the Huawei App Gallery and Samsung Galaxy App Store. King of Avalon generated USD 7 million for the developer in May on Google Play according to Sensor Tower. Flexion's distribution services will add revenue and new players from the alternative app stores with little upfront cost or work being required of FunPlus. Flexion is currently averaging around 10% extra revenue for Android games it distributes. FunPlus and Flexion have been partners since 2019. Flexion has successfully launched FunPlus' games Guns of Glory and Z Day onalternative app stores such as the Samsung Galaxy Store, Huawei AppGallery, Amazon App Store and ONEStore. King of Avalon is a strategy MMO game where players build their own kingdom and find alliances. People use dragons against their enemies and conquer new territories with the ultimate goal of becoming ruler of every realm. Annonce • Jul 01
Flexion Mobile Plc Appoints André Kuschel as an Additional Director Flexion Mobile Plc announced that at the AGM held on June 29, 2022 approved the appointment of André Kuschel as an additional Director. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 16% share price gain to kr16.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Entertainment industry in Sweden. Total returns to shareholders of 45% over the past three years. Annonce • Jun 15
Flexion Mobile plc Raises Revenue Guidance for 2022 Flexion Mobile Plc updated its market guidance for the group due to stronger than expected organic growth and the acquisition of influencer marketing agency Audiencly. Group revenues are predicted to grow by 90% - 110% in 2022, of which organic growth is expected to be 60% - 80%, up from previous estimate of 40% - 60%. A broader and stronger portfolio of games, including some recent successful game launches, are contributing to the faster growth. Annonce • May 28
Flexion Mobile Plc, Annual General Meeting, Jun 29, 2022 Flexion Mobile Plc, Annual General Meeting, Jun 29, 2022, at 13:00 Coordinated Universal Time. Location: Flexion Mobile Plc, Unit G5, Harbour Yard, Chelsea Harbour London United Kingdom Agenda: To receive and adopt the company's annual accounts for the financial year ended December 31, 2021, together with the strategic report, reports of the directors and auditors thereon (the "accounts"); to re-appoint Grant Thornton UK LLP as the auditors of the company to hold office from the conclusion of this meeting until the conclusion of the next general meeting at which accounts are laid before the company and to authorise the directors to determine the auditors' remuneration; to consider to re-elect Christopher Bergstresser as a director; to consider to re-elect Jens Lauritzson as a director; to consider to re-elect Per Lauritzson as a director; to consider to re-elect Carl Palmstierna as a director; to consider to re-elect Jean-Marcel Nicolai as a director; to re-elect Mikael Pawlo as a director; to consider to appoint André Kuschel as an additional director, who has consented so to act; and to consider other matters. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: UK£0.005 (vs UK£0.005 loss in 1Q 2021) First quarter 2022 results: EPS: UK£0.005 (up from UK£0.005 loss in 1Q 2021). Revenue: UK£10.6m (up 61% from 1Q 2021). Net income: UK£255.3k (up UK£489.1k from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 59%, compared to a 67% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 21
Consensus revenue estimates increase by 19% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from UK£47.2m to UK£56.0m. EPS estimate increased from UK£0.04 to UK£0.06 per share. Net income forecast to grow 318% next year vs 76% growth forecast for Entertainment industry in Sweden. Consensus price target up from kr23.16 to kr31.51. Share price rose 3.3% to kr14.15 over the past week. Annonce • May 20
Flexion Mobile launches King's Choice from ONEMT Flexion Mobile Plc has launched the hit game King's Choice from top developer ONEMT on the alternative app stores. ONEMT and Flexion signed an agreement for the distribution of King's Choice on 21 March 2022. King's Choice is now live on the Amazon App Store and Samsung Galaxy Store. King's Choice already earns USD 3 million in monthly gross revenue on Google Play according to ONEMT. Flexion's distribution services will add revenue and new players from the alternative app stores with little upfront cost or work being required of ONEMT. Flexion is adding an average of 10% to a game's revenue by taking it to the alternative app stores. ONEMT started its partnership with Flexion in 2018 when the developer chose Flexion to launch Rise of the Kings in the alternative app stores (Amazon App Store, Samsung Galaxy App Store and Huawei App Gallery). This past March ONEMT extended its Rise of the Kings distribution agreement with Flexion for two years. Kings Choice is an exciting RPG game simulating life at the European medieval royal court. Players become a legendary king and expand their empire with the ultimate goal of becoming the supreme emperor. Annonce • Apr 03
Flexion Mobile plc Provides Revenue Guidance for the Year 2022 Flexion Mobile Plc provided revenue guidance for the year 2022. For the year, the company expects annual revenue to grow with 40-60%. Annonce • Apr 01
Flexion Mobile Plc (OM:FLEXM) agreed to acquire Audiencly Gmbh for €20.07 million. Flexion Mobile Plc (OM:FLEXM) agreed to acquire Audiencly Gmbh for €20.07 million on March 30, 2022. The upfront consideration payable for the entire issued share capital of Audiencly amounts to €9.34 million, of which 50 per cent will be paid in cash at completion of the agreement and 50 per cent is to be satisfied by the issue by Flexion of Ordinary Shares in four tranches over the next 12 months. The sellers of Audiencly are also entitled to an earn-out consideration of up to €10.73 million if certain EBITDA levels for the financial year 2022, 2023, 2024 are achieved, payable 40 percent in cash and 60 percent in newly issued shares in Flexion at the end of each of the three financial years. Audiencly has unaudited revenues and EBITDA for the twelve months ended December 31, 2021, of €7.31 million and €1.37 million respectively. Audiencly is expected to be consolidated during June 2022. Reported Earnings • Mar 12
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: UK£0.013 (up from UK£0.001 in 3Q 2021). Revenue: UK£10.5m (up 52% from 3Q 2021). Net income: UK£638.2k (up UK£580.2k from 3Q 2021). Profit margin: 6.1% (up from 0.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 45%, compared to a 63% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Dec 17
Flexion Mobile Plc launches Puzzles & Survival Flexion Mobile Plc announced that it has launched Puzzles & Survival in Amazon App Store and Samsung Galaxy Store. The game already generates around USD 16 million on Google Play according to Sensor Tower data from November 2021. Flexion's distribution services will add revenue from the alternative platforms with little work being required of 37Games. Flexion is currently averaging around 10% extra revenue for Android games it distributes. Puzzles & Survival is set in an apocalypse and challenges players to kill zombies by winning match-3 puzzles, and survive with cunning strategy games. It is aimed at a teen audience and has seen widespread success since it was launched on Google Play in August 2020. It is a top grossing title on several mobile game charts, ranking as high as top 21 in North America's free games. The addition of this big-hitting game strengthens Flexion's portfolio on the alternative platforms. Its distribution business is growing fast as developers recognise the advantages of using its services. Between April and September 2021, the company saw total revenue increase by 42% to GBP 15.6 million. Recent Insider Transactions • Nov 20
Non-Executive Chairman recently bought kr812k worth of stock On the 18th of November, Carl Palmstierna bought around 50k shares on-market at roughly kr16.24 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Carl has been a net seller over the last 12 months, reducing personal holdings by kr813k. Reported Earnings • Nov 19
Second quarter 2022 earnings released The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: UK£7.81m (up 26% from 2Q 2021). Net loss: UK£35.2k (down 211% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 09
Flexion Mobile's Common Stock to Be Deleted from Other OTC Flexion Mobile Plc's Common Stock will be deleted from other OTC effective from September 8, 2021 due to Inactive Security. Recent Insider Transactions • Sep 01
Non-Executive Chairman recently sold kr1.6m worth of stock On the 24th of August, Carl Palmstierna sold around 100k shares on-market at roughly kr16.25 per share. This was the largest sale by an insider in the last 3 months. This was Carl's only on-market trade for the last 12 months. Reported Earnings • Aug 25
First quarter 2022 earnings released The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: UK£7.81m (up 62% from 1Q 2021). Net loss: UK£65.2k (down UK£68.9k from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 14
Flexion Mobile plc Launches King's Throne from Goat Games Flexion Mobile Plc announced that it has launched King's Throne: Game of Lust in most of its channels. According to Senor Tower the game generated USD 1 million to GOAT Games in Google Play in June. Flexion has secured distribution rights for Amazon App Store, Samsung Galaxy Store, One Store and Xiaomi Mi Apps. Reported Earnings • Jul 03
Full year 2021 earnings released: UK£0.003 loss per share (vs UK£0.068 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: UK£24.4m (up 158% from FY 2020). Net loss: UK£142.2k (loss narrowed 95% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • May 28
Full year 2021 earnings released: UK£0.003 loss per share (vs UK£0.068 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: UK£24.4m (up 158% from FY 2020). Net loss: UK£142.2k (loss narrowed 95% from FY 2020). Breakeven Date Change • May 28
Forecast breakeven moved forward to 2022 The analyst covering Flexion Mobile previously expected the company to break even in 2023. New forecast suggests the company will make a profit of UK£1.00m in 2022. Earnings growth of 102% is required to achieve expected profit on schedule. Annonce • May 28
Flexion Mobile plc Launches Illusion Connect from Superprism Technology Flexion Mobile Plc announced that it has launched Illusion Connect from Superprism Technology. It is a newly launched and successful real-time strategy game. According to Sensor Tower the game generated USD 600,000 in Google Play in April and has strong user KPIs. Flexion is distributing the game in all its key channels. The agreement was signed and announced on the 7th of January 2021. Flexion currently has a live portfolio of 22 games and 3 games pending launch. Annonce • Apr 14
Flexion Mobile Plc Provides Earnings Guidance for the Fourth Quarter and Year Ended March 2021 Flexion Mobile Plc provided earnings guidance for the fourth quarter and year ended March 2021. For the quarter, the company expects total revenue to be increase by 136% (YoY) and -4% (QoQ) to GBP 6.6 million.
For the year, the company expects total revenue to be increase by 158% to GBP 24.4 million (GBP 9.5 million). Annonce • Mar 10
Flexion Mobile plc Signs Multi-Title Agreement with Goat Games Flexion Mobile Plc announced that it has signed an agreement with Goat Games for King's Throne: Game of Lust and War and Magic: Kingdom Reborn. According to Sensor Tower the games generated USD 2 million and USD 600,000 respectively to the Developer in Google Play in February. Flexion has secured distribution rights for the games in Amazon, Samsung, ONE Store and Xiaomi. Reported Earnings • Feb 12
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: UK£6.86m (up 176% from 3Q 2020). Net income: UK£58.0k (up UK£608.5k from 3Q 2020). Profit margin: 0.8% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 12
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) surpassed estimates. Over the next year, revenue is forecast to grow 70%, compared to a 36% growth forecast for the Entertainment industry in Sweden. Annonce • Feb 02
Flexion Mobile Launches Gods & Glory from Deca Games Flexion Mobile Plc announced that it has launched Gods & Glory: War for the Throne in all its big channels. This is a mid-tier game that Flexion has previously distributed for Wargaming Group and the publishing rights for the game were acquired by DECA Games in 2020.