Buy Or Sell Opportunity • Jan 13
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to UK£0.22. The fair value is estimated to be UK£0.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Earnings per share has grown by 87%. Major Estimate Revision • Sep 25
Consensus EPS estimates fall by 69% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.0088 to US$0.0028. Revenue forecast unchanged from US$110.5m at last update. Net income forecast to grow 98% next year vs 28% growth forecast for Entertainment industry in the United Kingdom. Consensus price target broadly unchanged at UK£0.35. Share price rose 3.8% to UK£0.27 over the past week. Buy Or Sell Opportunity • Sep 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to UK£0.27. The fair value is estimated to be UK£0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 5.5% in a year. Earnings are forecast to grow by 98% in the next year. 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 Reported Earnings • Apr 11
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$0.013 loss per share (improved from US$0.029 loss in FY 2023). Revenue: US$104.8m (up 14% from FY 2023). Net loss: US$6.14m (loss narrowed 52% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. 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 Major Estimate Revision • Oct 10
Consensus EPS estimates fall by 107% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.0047 to -US$0.0097 per share. Revenue forecast unchanged at US$106.5m. Entertainment industry in the United Kingdom expected to see average net income growth of 88% next year. Consensus price target broadly unchanged at UK£0.39. Share price was steady at UK£0.28 over the past week. Major Estimate Revision • Oct 03
Consensus EPS estimates upgraded to US$0.0047 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.0053 to -US$0.0047 per share. Revenue forecast steady at US$107.5m. Entertainment industry in the United Kingdom expected to see average net income growth of 88% next year. Consensus price target broadly unchanged at UK£0.38. Share price fell 6.3% to UK£0.29 over the past week. Reported Earnings • Sep 27
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 7.4% growth forecast for the Entertainment industry in the United Kingdom. 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. This is currently the only risk that has been identified for the company. 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 Major Estimate Revision • May 03
Consensus EPS estimates fall from profit to US$0.0013 loss The consensus outlook for fiscal year 2024 has been updated. Expected to report loss instead of -US$0.0013 instead of US$0.0012 per share profit previously forecast. Revenue forecast unchanged at US$107.2m Entertainment industry in the United Kingdom expected to see average net income growth of 83% next year. Consensus price target broadly unchanged at UK£0.39. Share price was steady at UK£0.23 over the past week. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 69% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.0026 to US$0.0008 per share. Revenue forecast steady at US$107.2m. Net income forecast to grow 96% next year vs 76% growth forecast for Entertainment industry in the United Kingdom. Consensus price target broadly unchanged at UK£0.39. Share price fell 2.1% to UK£0.23 over the past week. Reported Earnings • Apr 19
Full year 2023 earnings: Revenues exceed analyst expectations 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 exceeded analyst estimates by 1.9%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Entertainment industry in the United Kingdom. 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 01
Now 22% overvalued Over the last 90 days, the stock has fallen 24% to UK£0.20. The fair value is estimated to be UK£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 93% in the next year. Major Estimate Revision • Nov 05
Consensus EPS estimates upgraded to US$0.029 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.034 to -US$0.029 per share. Revenue forecast steady at US$95.8m. Entertainment industry in the United Kingdom expected to see average net income growth of 42% next year. Consensus price target up from UK£0.43 to UK£0.45. Share price was steady at UK£0.26 over the past week. 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 3.4% growth forecast for the Entertainment industry in the United Kingdom. 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 - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 10.0% 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 (10.0% average weekly change). Market cap is less than US$100m (UK£62.3m market cap, or US$79.5m). Major Estimate Revision • May 21
Consensus EPS estimates upgraded to US$0.0017 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.0047 to -US$0.0017 per share. Revenue forecast unchanged from US$116.4m at last update. Entertainment industry in the United Kingdom expected to see average net income growth of 25% next year. Consensus price target down from UK£0.51 to UK£0.50. Share price was steady at UK£0.29 over the past week. 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 Reported Earnings • Apr 12
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind 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 exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in the United Kingdom. Buying Opportunity • Apr 11
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 48%. The fair value is estimated to be UK£0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 19% in a year. Earnings is forecast to grow by 86% in the next year. Reported Earnings • Sep 26
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 11% growth forecast for the Entertainment industry in the United Kingdom. Major Estimate Revision • Sep 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from US$0 to US$0 per share. Revenue forecast unchanged from US$135.2m at last update. Entertainment industry in the United Kingdom expected to see average net income growth of 33% next year. Consensus price target up from UK£1.08 to UK£1.13. Share price was steady at UK£0.82 over the past week. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.01 to US$0 per share. Revenue forecast steady at US$135.2m. Entertainment industry in the United Kingdom expected to see average net income growth of 21% next year. Consensus price target broadly unchanged at UK£1.03. Share price rose 6.6% to UK£0.65 over the past week. Major Estimate Revision • Jul 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.01 to -US$0.01 per share. Revenue forecast steady at US$134.7m. Entertainment industry in the United Kingdom expected to see average net income growth of 21% next year. Consensus price target down from UK£1.52 to UK£1.03. Share price fell 3.2% to UK£0.60 over the past week. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.08 to US$0.06 per share. Revenue forecast steady at US$143.6m. Net income forecast to shrink 22% next year vs 22% growth forecast for Entertainment industry in the United Kingdom . Consensus price target broadly unchanged at UK£2.22. Share price was steady at UK£1.66 over the past week.