Nitro Games: Looks like the Beginning of a Beautiful Friendship

Research Note

2020-03-27

12:11

A week ago, Nitro Games announced a new agreement with Avalanche Studios to perform live operations services and publishing an additional 12 months (May 2020-April 2021). The order value is around EUR 1.1 million. It also contains a royalty-opportunity. We expect the game is based on a very profitable IP and therefore have good chances to generate royalty-income for Nitro Games the years to come.

TO

KL

Tomas Otterbeck

Kristoffer Lindström

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