NEOGAMES S.A Reports Strong Second Quarter Earnings for Fiscal Year 2023
August 12, 2023
☀️Earnings Overview
On August 9, 2023, NEOGAMES S.A ($NASDAQ:NGMS) released their financial statement for the second quarter of fiscal year 2023, revealing a total revenue of USD 47.9 million, which is a 127.6% increase from the same period in the preceding year. Further, the company reported a net income of -7.8 million, a marked improvement from -12.9 million in the previous year’s quarter.
Share Price
This impressive performance was largely attributed to a strong performance in digital gaming, with their primary revenue source being mobile games. This reflected the company’s continued commitment to investing in digital gaming technology and infrastructure, evidenced by the acquisitions of several key industry players over the past year. Overall, this strong quarter was a great sign for NEOGAMES S.A and its shareholders.
Their continued commitment to investing in digital gaming technology and infrastructure has been paying off and it looks like this trend will continue into the future. With the stock closing at nearly the same level as it opened, investors can be sure that continued success is on its way for NEOGAMES S.A in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Neogames S.a. More…
| Total Revenues | Net Income | Net Margin |
| 228.84 | -13.8 | -3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Neogames S.a. More…
| Operations | Investing | Financing |
| 38.35 | -225.94 | 162.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Neogames S.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 459.94 | 318.51 | 4.21 |
Key Ratios Snapshot
Some of the financial key ratios for Neogames S.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 71.1% | – | -0.8% |
| FCF Margin | ROE | ROA |
| 4.6% | -0.8% | -0.2% |
Analysis
GoodWhale has analyzed NEOGAMES S.A‘s financials and our Star Chart shows that NEOGAMES S.A is classified as a ‘gorilla’, indicating a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for long-term growth in their portfolio may be interested in investing in such a company. In terms of financial health, NEOGAMES S.A’s score is intermediate at 6/10. This implies that the company is likely to sustain future operations in times of crisis. Additionally, NEOGAMES S.A is strong in assets, growth, and profitability, but weak in dividends. More…
Peers
The company has a strong presence in Europe, North America, and Asia-Pacific. NeoGames SA’s main competitors are Frontier Developments PLC, SocialPlay USA Inc, and Feiyu Technology International Co Ltd.
– Frontier Developments PLC ($LSE:FDEV)
Frontier Developments PLC is a British video game developer founded in 1994 by David Braben. The company is based in Cambridge, England. The company develops video games for personal computers and video game consoles. The company’s most recent releases include Elite Dangerous and Planet Coaster. Frontier Developments PLC has a market capitalization of 527.48 million as of 2022 and a return on equity of 0.83%. The company develops and publishes video games for personal computers and video game consoles.
– SocialPlay USA Inc ($OTCPK:SPLY)
SocialPlay USA Inc is a social media platform that allows users to connect with each other and share content. The company has a market cap of 118.7k and a ROE of 84.25%. SocialPlay USA Inc offers a variety of features that allow users to connect with each other and share content. The company also provides users with the ability to create and share content, as well as the ability to connect with other users.
– Feiyu Technology International Co Ltd ($SEHK:01022)
Feiyu Technology International Co Ltd is a Chinese company that manufactures drones and other drones accessories. The company has a market cap of 395.33M as of 2022 and a Return on Equity of -8.97%. The company’s products are used by both consumers and businesses.
Summary
NEOGAMES S.A reported strong financial results for the second quarter of 2023, with revenue increasing by 127.6% year over year. Net income also improved from -12.9 million last year to -7.8 million this quarter. Investors should take note of NEOGAMES S.A’s impressive results and consider the company as a potential investment opportunity.
The company’s share price has been on an upward trend since the earnings report, and analysts expect the trend to continue as the company continues to show strong growth. The company is well positioned for further expansion, and investors looking for exposure to the gaming industry should definitely take a closer look at NEOGAMES S.A.
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