Devolver Digital Share Discussion Threads

[saltaire111] 22/8/2022 16:11

Another pound to go to get to break even!

[saltaire111] 22/8/2022 10:44

Blimey, it really is breaking out!

[saltaire111] 19/8/2022 16:27

I’m claiming today’s 2p increase in the share price as a breakout!

Only another £1.50 to go to break even 😂😂😂😂8514;

[saltaire111] 23/6/2022 08:45

Let’s hope this is the start of the long haul to recovery!

I’ve read the company accounts, I can see it’s cash generative, cash flow positive, no debt, expanding exposure to a fast growing market. What’s not to like?

Slowing sales in the face of a recession takes out 75% value? Wtf?

Salty

[mdchand] 14/6/2022 15:46

Looks like 15m was dumped at 50p which is a decent slug. Guess we need to wait for the TR1 doc for disclosure now and indeed whether there was a buyer.

[tomboyb] 14/6/2022 15:06

Make that 9mill -

[tomboyb] 14/6/2022 15:05

Another 7.5mill at 50p -

[mdchand] 14/6/2022 11:11

MMs took on 4.5m sales at 50p. That gonna keep the share price depressed for some considerable time unless the MM's have an institution on the buy side waiting. Might be worth nibbling at some point.

[saltaire111] 13/6/2022 07:04

Well there’s a kick in the pants!

Didn’t see that coming. Thought this would be more resilient.

Salty

[saltaire111] 28/4/2022 08:45

Interesting article:



Salty

[saltaire111] 04/4/2022 06:47

04 April 2022

4(th) April 2022

Devolver Digital, Inc.

("Devolver Digital", "Devolver" or the "Company" and the Company together with all of its subsidiary undertakings is the "Group")

Preliminary unaudited results for the year ended 31 December 2021

Diversified revenues drive strong performance in 2021

Devolver Digital, an award-winning digital publisher and developer of independent ("indie") video games, announces its preliminary unaudited results for the year ended 31(st) December, 2021. All figures relate to this period unless otherwise stated.

Financial highlights


-- Strong performance in maiden listed year.
o Strong normalised revenue growth to US$98.2 million (2020: US$71.1 million), up 38% year-on-year

o 2021 growth driven by robust back catalogue sales and successful release of 8 new titles

o Rapid growth in Normalised Adjusted EBITDA to US$25.7 million (2020: US$15.8 million), up 63% year-on-year


-- Steady improvement in margins
o Gross margins rose to 40% (2020: 32%)

o Normalised Adjusted EBITDA margins increased to 26% (2020: 22%)

o Margin increases reflect high back-catalogue revenues and new title improvements


-- Strong balance sheet supports growth strategy
o Net cash of US$86.2 million at year end, following a successful IPO in November 2021 and strong internal cash generation.

o Sale of publishing rights to Fall Guys further bolstered balance sheet

Strategic highlights


-- Successful IPO supports investment in our unique culture and proven strategy
o Focus on continued strong core organic growth

o Partnering with developers

o Progressing our pipeline of fun-filled games

o Supporting our back catalogue of interesting and unusual games


-- Excellent momentum
o Evergreen business model - back catalogue of over 90 titles

o Bringing the fun - 8 new titles released in 2021 (2020: 10) across varied platforms and regions

o Diversified revenues - back catalogue revenue of 70% (2020: 61%)


-- Industry recognition
o 2021 Publisher of the Year award by GamesIndustry.biz

o Numerous game awards and nominations - Death's Door, Loop Hero and Inscryption

o Critical acclaim: 77 average Metacritic rating for our titles released in 2021 (2020: 75)


-- Senior industry experts added to our Board
o Kate Marsh, Janet Astall, Jo Goodson and Jeffrey Ko appointed as Independent Non-executive Directors, adding significant experience and know-how to our Board

[saltaire111] 04/4/2022 06:46

Astonishingly good results.

Salty

[saltaire111] 24/3/2022 12:01

What is the market seeing that I am not?

Last results update was really encouraging.

Trading at a pe that is substantially more attractive than its peer group.

No debt.

Cash generative.

Excellent pipeline.

Explosive growth sector.

Lots of merger and acquisitions going on in this space.

What’s not to like?

Salty.

[km18] 16/2/2022 17:31

...from a couple of weeks ago...

Company overview:Devolver Digital is involved in the development of video games to release them on PC and mobile devices in the US. Given the wide range of audience, firm to managed to optimise revenue by 40% to $99.5m, hence EBITDA is expected to be ahead of market expectations with growth of more than 55% to at least $25m. From a valuation perspective, the firm’s Price to Free Cashflow was 54.8x, signifying that the firm financed its operations and investing activities more effectively than its competitors, since the communications services P/FCF stood at 27.6x....from WealthOracleAM

[saltaire111] 03/2/2022 08:04

Good update:

Devolver Digital, Inc.

31 January 2022

31(st) January 2022

Devolver Digital, Inc.

("Devolver Digital" or the "Company")

Trading Update

Devolver Digital, an award-winning digital publisher and developer of indie video games, announces an update for the financial year ended 31st December 2021 ("FY2021") (1) .

Devolver Digital completed its IPO in November 2021 to support investment in its organic growth strategy, talent and pipeline of games.

The Company expects FY2021 revenue to be slightly ahead of market expectations, with year-on-year revenue growth from continuing operations of more than 40% to at least c.$99.5m. It also expects normalised adjusted EBITDA to be slightly ahead of market expectations with growth of more than 55% to at least c.$25.0m (2) .

The Company launched eight new titles in FY2021, including Death's Door, Inscryption, Loop Hero and Olija, across a variety of platforms and geographies.

Devolver Digital's diversity of revenue is reflected in the Company's normalised back catalogue revenue of c.70% in FY2021 (2020: 61%).

The Company's pipeline for 2022 is healthy and diverse in terms of titles, developers, platforms and geography. This includes existing IP such as Shadow Warrior 3, and several new titles that have not yet been announced. The Company's confidence in the outlook for 2022 has been reinforced by the success of the first release of the year, Serious Sam: Siberian Mayhem, which is profitable from pre-orders alone.

Devolver Digital will provide further details in its 2021 full year results announcement, which is expected to be released in early April 2022.

Harry Miller, Executive Chairman of Devolver Digital, said:

"2021 was an exciting year for Devolver Digital. Twelve years ago, five founders launched a new video game label to keep the fun alive in gaming. Today we have 200 people spread across 22 countries, two publishing brands and five development studios. Our evolution is a testament to more than a decade of multi-title developer relationships, and strong distribution partnerships.

I was proud to see Devolver Digital recognised as Publisher of the Year(3) and so many of the games we work with nominated for awards. In 2022 we will continue working hand-in-glove with developers we know and trust, to launch interesting and unusual games."

Douglas Morin, Chief Executive Officer of Devolver Digital, said:

"Devolver Digital has a unique culture. This is why we are able to bring wonderful games to the forefront. This also explains the diversification of our revenues - by title, developer, platform and geography. We have a strong back catalogue and pipeline of titles and look forward to sharing more exciting news in 2022."

-ENDS-

[saltaire111] 24/11/2021 22:20

Quiet here. I like the look of this but don’t know much about the sector. On the watchlist for now...

Salty

[saltaire111] 05/11/2021 21:50

Interesting one this. Looking at the prospectus, it shows full year eps of 6.42p which at the current share price of £1.90 puts this on a PE of just under 30x. Racey. However, looking at the unaudited six months, they’re saying eps is 7.84p. If we assume they make the same sort of return in the second half of 2021, then at an eps of 15.7p puts it in a PE of jus 12x. Question is: will they actually do 15.6 eps in the full year?

Like all these new issues, the prospectus is full of useless information making it hard to get to the good stuff. Can anyone else shed any light on this?

Salty.

[hedgehog 100] 04/11/2021 16:15

Current share price 4th. November 2021: 185p
Market capitalisation: £818.17M.


"WE ARE DEVOLVER DIGITAL
An award-winning digital publisher and developer of exquisite video games"



04/11/2021 07:00 UK Regulatory (RNS & others) Devolver Digital, Inc. Admission to AIM and First Day of Dealings LSE:DEVO Devolver Digital Inc.

"Devolver Digital, Inc, an award-winning digital publisher and developer of indie video games, is pleased to announce the admission of its shares to trading on the AIM market of the London Stock Exchange.

On Admission, the Company will have a market capitalisation of approximately GBP694.3 million, with a total of 442,256,716 outstanding shares in issue. In connection with Admission, gross proceeds of GBP190.9 million were raised by way of an oversubscribed placing of new and existing shares at the Placing Price of 157 pence per share with institutional and other shareholders, of which GBP36.5 million of gross proceeds are for the Company. As part of the Placing, the Selling Shareholders have agreed to sell, in aggregate, 98,292,740 Sale Shares at the Placing Price.

Dealings in the shares will commence at 8:00 a.m. today, 4 November 2021, under the ticker DEVO and ISIN number USU0858L1036.

Zeus Capital is Nominated Adviser and Sole Bookrunner to the Company.

Devolver Digital overview

Devolver is an award-winning video games publisher in the indie games space with a balanced portfolio of third-party and own-IP. Devolver has an emphasis on premium games and has published more than 90 titles, with more than 30 titles in the pipeline scheduled for release over the next two years and beyond. Through recent acquisitions, Devolver now has its own-IP franchises, in-house studios developing first-party IP and a complementary publishing brand. Devolver is registered in Wilmington, Delaware, USA.

The Directors believe that Admission will provide Devolver with access to capital on an ongoing basis to fund the Company's organic growth strategy, its primary driver. In addition, the Directors believe Admission will further enhance the Company's reputation as an ethical publisher, create a currency of the Company's shares and provide access to capital to make acquisitions where Devolver sees a cultural fit.

Harry Miller, Executive Chairman of Devolver, said:

"In 2009 a handful of us sat down in Austin, Texas to launch a new video game label to embrace the fun in video games and never let go. Today we are 200 people spread across 22 countries, two publishing brands and five development studios. One thing has not changed: our team remains passionate about helping developers, and fellow Devolvers bring interesting and unusual games to the forefront.

The team at Devolver Digital is forever thankful to our talented people and the partners and developers that put their trust in us - and we are excited about what the future holds."

Douglas Morin, Chief Executive Officer of Devolver, said:

" An IPO is the right choice for us to ensure our continued growth and support even more wonderful games. Most importantly it will allow us to retain our culture. Being a public company gives liquidity to our amazing team, all of whom are shareholders. It also gives us access to capital markets to continue investing in organic growth and talent." ..."