Announcement • Sep 08
Devolver Digital, Inc. to Report First Half, 2025 Results on Sep 29, 2025 Devolver Digital, Inc. announced that they will report first half, 2025 results on Sep 29, 2025 Announcement • Jun 06
Devolver Digital, Inc., Annual General Meeting, Jun 27, 2025 Devolver Digital, Inc., Annual General Meeting, Jun 27, 2025. Location: the offices of fieldfisher llp, 9th floor, riverbank house, ec4r 3tt, london United Kingdom Announcement • Apr 10
Devolver Digital, Inc. Reiterates Earnings Guidance for the Year 2025 Devolver Digital, Inc. reiterated earnings guidance for the year 2025. For the year company expects single digit revenue growth in 2025 sequential improvements through 2025 and 2026, as the company continue to execute on strategic plan and drive long-term growth and success. Announcement • Mar 19
Devolver Digital, Inc. to Report Fiscal Year 2024 Results on Apr 10, 2025 Devolver Digital, Inc. announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 10, 2025 Reported Earnings • Sep 26
First half 2024 earnings released: US$0.01 loss per share (vs US$0.023 loss in 1H 2023) First half 2024 results: US$0.01 loss per share (improved from US$0.023 loss in 1H 2023). Revenue: US$51.6m (up 18% from 1H 2023). Net loss: US$4.41m (loss narrowed 56% from 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Entertainment industry in Germany. Announcement • Sep 10
Devolver Digital, Inc. to Report First Half, 2024 Results on Sep 26, 2024 Devolver Digital, Inc. announced that they will report first half, 2024 results on Sep 26, 2024 New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Announcement • Jun 22
Devolver Digital, Inc., Annual General Meeting, Jun 28, 2024 Devolver Digital, Inc., Annual General Meeting, Jun 28, 2024. Location: fieldfishers offices, 9th floor, riverbank house, 2 swan lane, ec4r 3tt, london United Kingdom Board Change • Apr 25
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Chair Kate Marsh was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 19
Full year 2023 earnings released Full year 2023 results: Revenue: US$92.4m (down 31% from FY 2022). Net loss: US$12.7m (loss narrowed 86% from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Entertainment industry in Germany. Buy Or Sell Opportunity • Apr 10
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to €0.28. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has declined by 26%. Revenue is forecast to decline by 21% in a year. Earnings are forecast to grow by 92% in the next year. Buy Or Sell Opportunity • Mar 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €0.18. The fair value is estimated to be €0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has declined by 26%. Revenue is forecast to decline by 21% in a year. Earnings are forecast to grow by 92% in the next year. Announcement • Mar 13
Devolver Digital, Inc. to Report Fiscal Year 2023 Results on Apr 18, 2024 Devolver Digital, Inc. announced that they will report fiscal year 2023 results on Apr 18, 2024 Buy Or Sell Opportunity • Feb 24
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to €0.19. The fair value is estimated to be €0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has declined by 26%. Revenue is forecast to decline by 21% in a year. Earnings are forecast to grow by 92% in the next year. Announcement • Nov 02
Devolver Digital, Inc. (AIM:DEVO) acquired System Era Softworks LLC for $40 million. Devolver Digital, Inc. (AIM:DEVO) acquired System Era Softworks LLC for $40 million on November 1, 2023. Initial Consideration is $22 million on a cash-free/debt-free basis, subject to typical adjustments for cash, debt and normalized working capital, and will be satisfied by: the payment of $20 million cash at completion and $1.8 million to be satisfied by the issue of 5.75 million new Devolver Shares and the payment of $0.2 million payable in cash, which are due to be issued and paid following the expiration of a 12-month period following completion. Further contingent consideration of $10 million to be satisfied by an aggregate of $5.6 million in cash and $4.4 million by way of Devolver shares, due on release of its next title. The Company will pay further earnout consideration of up to $8 million to be satisfied annually (in a combination of cash and shares at Devolver's discretion) following the acquisition, subject to the satisfaction of certain periodic performance targets that are based on Astroneer's EBITDA contribution in the financial years ending December 31, 2023 to December 31, 2027. Devolver will finance the transaction through a mixture of shares and its own cash. As of November 1, 2023, System Era Softworks LLC reported a revenue of approximately $7 million and EBITDA of $3.8 million for the preceding 12-months ended June 30, 2023. Nick Cowles, Jamie Peel, Alexander Craig and Benjamin Robertson of Zeus Capital Limited acted as financial advisor, Fieldfisher LLP and Foley & Lardner LLP acted as legal advisor to Devolver Digital, Inc.
Devolver Digital, Inc. (AIM:DEVO) completed the acquisition of System Era Softworks LLC on November 1, 2023. Reported Earnings • Sep 26
First half 2023 earnings released: US$0.023 loss per share (vs US$0.037 loss in 1H 2022) First half 2023 results: US$0.023 loss per share (improved from US$0.037 loss in 1H 2022). Revenue: US$43.9m (down 17% from 1H 2022). Net loss: US$10.0m (loss narrowed 39% from 1H 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Entertainment industry in Germany. Announcement • Sep 15
Devolver Digital, Inc. to Report First Half, 2023 Results on Sep 25, 2023 Devolver Digital, Inc. announced that they will report first half, 2023 results on Sep 25, 2023 New Risk • Aug 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €72.1m (US$79.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (€72.1m market cap, or US$79.5m). Announcement • May 19
Devolver Digital, Inc., Annual General Meeting, Jun 09, 2023 Devolver Digital, Inc., Annual General Meeting, Jun 09, 2023, at 15:30 Coordinated Universal Time. Location: Fieldfisher's offices, 9th Floor, Riverbank House, 2 Swan Lane, London United Kingdom Buying Opportunity • Apr 13
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 54%. The fair value is estimated to be €0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last year. Meanwhile, the company became loss making. Revenue is forecast to decline by 12% in a year. Earnings is forecast to grow by 97% in the next year. Reported Earnings • Apr 12
Full year 2022 earnings released: US$0.21 loss per share (vs US$0.086 profit in FY 2021) Full year 2022 results: US$0.21 loss per share (down from US$0.086 profit in FY 2021). Revenue: US$134.6m (up 37% from FY 2021). Net loss: US$91.5m (down 383% from profit in FY 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Entertainment industry in Germany. Announcement • Jan 10
Devolver Digital, Inc. Announces an Update for the Financial Year Ended 31 December 2022 Devolver Digital, Inc. announced an update for the financial year ended 31 December 2022. The company expected Fiscal Year 2022 revenue to be within the range of guidance set in June 2022, with strong year-on-year revenue growth from continuing operations of greater than 30%. Reported Earnings • Sep 27
First half 2022 earnings released First half 2022 results: US$0.037 loss per share. Net loss: US$16.6m (flat on 1H 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Germany. Announcement • Sep 27
Devolver Digital, Inc. Provides Earnings Guidance for the Second Half and the Full Year of 2022 Devolver Digital, Inc. announced that the Board expects revenues and gross profit contribution to be weighted towards the second half of FY22 due to new title releases and continued evergreen back catalogue sales, particularly in the Fourth Quarter sales season from Halloween through to the New Year which has historically been the strongest quarter of the year. the Board maintains full year 2022 guidance unchanged from the trading update in June 2022, with revenues expected to range between USD 130 million and USD 140 million, implying year-on-year growth of over 30%. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 53% share price gain to €1.07, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 15x in the Entertainment industry in Germany. Announcement • Aug 09
Devolver Digital, Inc. to Report First Half, 2022 Results on Sep 26, 2022 Devolver Digital, Inc. announced that they will report first half, 2022 results on Sep 26, 2022 Announcement • Jun 13
Devolver Digital, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022 Devolver Digital, Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects revenue to be in the range USD 130 million and USD 140 million, implying year-on-year growth of over 30%. Announcement • May 03
Devolver Digital, Inc., Annual General Meeting, Jun 24, 2022 Devolver Digital, Inc., Annual General Meeting, Jun 24, 2022.