Nitro Games: Long-Term Opportunities

Research Note

2020-10-26

13:51

As expected, revenues decreased significantly in Q3 due to the absence of a major service business project. The cost base remained on the same level as in the previous quarter which resulted in an EBIT of EUR -0.93 million. With a cash position of approximately EUR 4 million, Nitro Games have time and money on its side to work forward its goals in the mobile shooter games category.

TO

Tomas Otterbeck

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