GRAVITY Reports Financial Results for Second Quarter of FY2023
August 22, 2023
🌥️Earnings Overview
On August 9 2023, GRAVITY ($NASDAQ:GRVY) released their financial results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the period was KRW 238.9 billion, a 147.5% increase compared to the same quarter in the previous year. Net income also rose 157.8% year-on-year toKRW 45.0 billion.
Stock Price
GRAVITY stock opened at $77.0 and closed at $75.2, up by 1.2% from last closing price of 74.3. This indicates a positive shift in the stock market for GRAVITY and investors’ optimism in the company. The financial data released this week demonstrated that GRAVITY has seen a steady increase in revenue in the past quarter and has shown considerable growth in its net income. GRAVITY’s strong performance in the second quarter is indicative of its resilience as a company and its ability to weather market fluctuations.
This report is a testament to GRAVITY’s commitment to its shareholders and its dedication to providing quality products and services. With the continued success of GRAVITY, it is expected that the company will continue to grow and remain a dominant force in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gravity. GRAVITY_Reports_Financial_Results_for_Second_Quarter_of_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 682.33k | 130.75k | 19.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gravity. GRAVITY_Reports_Financial_Results_for_Second_Quarter_of_FY2023″>More…
| Operations | Investing | Financing |
| 98.28k | -22.34k | -3.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gravity. GRAVITY_Reports_Financial_Results_for_Second_Quarter_of_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 563.29k | 149.81k | 59.41k |
Key Ratios Snapshot
Some of the financial key ratios for Gravity are shown below. GRAVITY_Reports_Financial_Results_for_Second_Quarter_of_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.9% | 59.1% | 24.3% |
| FCF Margin | ROE | ROA |
| 14.0% | 26.4% | 18.4% |
Analysis
At GoodWhale, we recently conducted a thorough analysis of GRAVITY‘s wellbeing. We found that based on our Risk Rating metric, GRAVITY is a medium risk investment when it comes to financial and business aspects. As part of our analysis, we identified two risk warnings in the income sheet and balance sheet that are potential cause for concern. To find out more about these potential risks, make sure to register with us at GoodWhale. We can provide you with a more detailed assessment and help you make the best decision for your investments. More…
Peers
The company faces stiff competition from Star Vault AB, NetDragon Websoft Inc, and Chinese Gamer International Corp. All three companies are well-positioned to challenge GRAVITY Co Ltd in the online gaming market.
– Star Vault AB ($OTCPK:SRVTF)
Swedish company Star Vault AB is a video game developer and publisher specializing in massively multiplayer online games. The company was founded in 2006 by Johan Andersson and Martin Håkansson, and its first game, Star Vault Online, was released in 2008. Star Vault AB has a market cap of 8.14M as of 2022, a Return on Equity of 17.0%. The company’s games are available on PC, Mac, iOS, and Android platforms.
– NetDragon Websoft Inc ($SEHK:00777)
NetDragon Websoft Inc is a Chinese Internet company with a market cap of 7.68B as of 2022. The company’s Return on Equity is 12.3%. NetDragon Websoft Inc is an Internet company that develops and operates online games, Internet platforms, and mobile applications in China. The company was founded in 1999 and is headquartered in Fuzhou, China.
– Chinese Gamer International Corp ($TPEX:3083)
The company’s market cap is 3.56B as of 2022 and its ROE is -1.37%. The company is a leading online games developer and operator in China. It is also one of the largest mobile games developers in the world. The company’s games are played by millions of people worldwide.
Summary
GRAVITY, a Korean company, saw a significant rise in both revenue and net income in the second quarter of FY2023. Revenue totaled KRW 238.9 billion, representing a 147.5% increase year-over-year. Net income was KRW 45.0 billion, up 157.8% from the same period in the year prior.
This strong financial performance signals favorable investing conditions and is likely to attract more investors looking to capitalize on the company’s growth potential. GRAVITY is well-positioned to capitalize on future opportunities, making it an attractive investment for those seeking long-term returns.
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