Archosaur Games Forecasts Wider Loss in 2023
March 18, 2023
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Archosaur Games ($SEHK:09990) Inc., a leading video game publisher, has forecasted a wider loss in their Fiscal Year 2022 financial report. This comes as a surprise to analysts who expected the company to see some improvement after the losses they incurred in previous years. According to their report, the wider loss is due to a lack of success in their new product releases, as well as a decrease in the number of subscribers to their online gaming services. The company’s chief financial officer has stated that Archosaur Games will continue to focus on developing new products and services that appeal to their core customer base.
They have also implemented cost-cutting measures, such as streamlining their production process and streamlining their marketing strategies, in an effort to reduce their losses. Despite these efforts, Archosaur Games anticipates a wider loss for the upcoming year, with no improvement in sight.
Recent media coverage of ARCHOSAUR GAMES has been largely negative due to their forecast of a wider loss in 2023. Despite this, on Wednesday, the gaming company’s stock opened at HK$6.4 and closed at HK$6.3, up by 2.1% from their last closing price of 6.2. While this may indicate some investor confidence in the company, it remains to be seen if the losses can be offset in the coming years. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Archosaur Games. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Archosaur Games. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Archosaur Games. More…
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Key Ratios Snapshot
Some of the financial key ratios for Archosaur Games are shown below. More…
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As GoodWhale conducted an analysis of ARCHOSAUR GAMES‘s wellbeing, we concluded them to be classified as an ‘elephant’. This term is used to describe companies that are rich in assets after deducting off liabilities. Such a company may be of interest to investors looking for stability and safety, as well as those seeking capital gains. The assessment of ARCHOSAUR GAMES’s performance using Star Chart indicated a health score of 8/10. This is a strong result considering the cashflows and debt, as it suggests that the company is capable to sustain future operations in times of crisis. Furthermore, GoodWhale’s analysis suggests that ARCHOSAUR GAMES is strong in asset and medium in profitability, but weak in dividend and growth. This means that investors expecting strong returns from dividends and growth may need to look elsewhere. More…
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Archosaur Games is a gaming industry company which has recently released its financial forecasts for 2023 and has forecasted a wider loss than expected. Media coverage of the company has mostly been negative, leading investors to be cautious about investing in the company. Analysts suggest that investors should take into account the trajectory of the company’s growth, as well as its current financials, before investing in the company. They should also consider the competitive landscape and market share of the company, and whether the company is able to stay competitive in the long run.
Furthermore, investors should pay attention to the management team and their track record in order to determine how experienced and reliable they are. Finally, it is important to consider the potential risks associated with investing in such a volatile industry before making a final decision.
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