SCIPLAY CORPORATION Reports Q2 FY2023 Earnings Results on August 8 2023
August 24, 2023
🌥️Earnings Overview
On August 8 2023, SCIPLAY CORPORATION ($NASDAQ:SCPL) released its earnings results for the second quarter of FY2023 (ending June 30 2023), showing total revenue of USD 189.9 million, an 18.6% year-over-year increase. However, net income dropped 1.8% from the same period last year, to USD 5.6 million.
Price History
The stock opened at $19.8 and closed at $19.6, a decrease of 0.5% from the previous day’s closing price of 19.8. This marked the company’s fifth consecutive quarter of decreased earnings. Analysts had expected the stock to be in the low 20s, and the fact that it closed lower than expected caused some investors to worry about the long-term prospects of the company. Despite these positive signs, investors remain concerned about the declining revenues and share prices. The company’s leadership team is working hard to stabilize their finances and create a sustainable growth plan that will help them get back to previous earning levels.
In the meantime, they are focusing on building partnerships with strategic partners, expanding their product offerings, and diversifying their sources of income. Overall, SCIPLAY CORPORATION had a challenging quarter in Q2 FY2023, but they have shown resilience in the face of adversity. Investors remain hopeful that with smart strategic moves, the company can return to profitability in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sciplay Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 729.2 | 23.4 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sciplay Corporation. More…
| Operations | Investing | Financing |
| 178.1 | -12.8 | -86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sciplay Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 834.1 | 150.6 | 5.47 |
Key Ratios Snapshot
Some of the financial key ratios for Sciplay Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.4% | 4.7% | 22.6% |
| FCF Margin | ROE | ROA |
| 22.1% | 89.2% | 12.3% |
Analysis
At GoodWhale, we have conducted an analysis of SCIPLAY CORPORATION‘s fundamentals and have come to the conclusion that SCIPLAY CORPORATION is a strong company in terms of asset, growth, and profitability. However, we have identified that the company is weak in dividend. After further analysis, we have classified SCIPLAY CORPORATION as a ‘gorilla’ company, which denotes a company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This type of company may be of interest to long-term value investors who are looking for a company to invest in that can sustain itself through market downturns. With a health score of 9/10, considering its cashflows and debt, SCIPLAY CORPORATION is capable to sustain future operations in times of crisis. As such, it is a great opportunity for investors who are looking for a longer term investment in a company with strong fundamentals. More…
Peers
SciPlay Corp and its competitors, Game Hours Inc, 7Seas Entertainment Ltd, and Ourgame International Holdings Ltd, are all companies that develop and publish video games. All four companies have a presence in the casual gaming market.
– Game Hours Inc ($TPEX:6626)
Games Hours Inc is a gaming company with a market cap of 347.87M as of 2022. The company has a ROE of -3.97%. Games Hours Inc is a company that creates and publishes mobile games.
– 7Seas Entertainment Ltd ($BSE:540874)
Seas Entertainment Ltd is a publicly traded company with a market cap of 325.42M as of 2022. The company has a Return on Equity of -7.99%. Seas Entertainment Ltd is a company that focuses on providing a variety of entertainment services. These services include but are not limited to, live events, artist management, production, and promotion.
– Ourgame International Holdings Ltd ($SEHK:06899)
Ourgame International Holdings Ltd is a company that operates in the entertainment industry. It is based in China and was founded in 1987. The company’s main products are card games and game products. It also operates an online game platform and an online social community. The company has a market cap of 219.87M as of 2022 and a Return on Equity of -29.28%.
Summary
Investors have been encouraged by the financial results of SCIPLAY CORPORATION for the second quarter of FY2023, with total revenue amounting to USD 189.9 million, a year-over-year increase of 18.6%. Net income was down 1.8% from the previous year to USD 5.6 million, however this was still an impressive result considering the current market conditions. SCIPLAY CORPORATION has demonstrated strong growth and stability in these uncertain times, making it a sound investment for those looking for long-term security. With further improvements in their core business, investors are likely to see even higher returns in the future.
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