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
Disclosures and disclaimers