Flexion: EBIT somewhat above expectations
Research Note
2019-06-19
13:41
Costs were lower than expected resulting in an EBIT of GBP 0.17 million above our estimates. Gross margins were slightly lower than the previous quarter due to a partial revenue share reduction on Flexion’s current highest grossing game “The Walking Dead”. This was a part of the agreement when Scopely and Flexion signed the major contract in December 2018. Read our brief comments.
TO
KL
Tomas Otterbeck
Kristoffer Lindström
Disclosures and disclaimers