NeoGames S.A. Beat EPS Estimates, Misses Revenue Forecast
May 11, 2023
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NEOGAMES ($NASDAQ:NGMS): NeoGames S.A., a publicly traded online gaming software developer, recently reported its first quarter earnings. This was driven by solid growth in the company’s core business segments and continued success of its new offerings. The company is well-positioned to continue its growth trajectory, fueled by its commitment to innovation and technology, its expansive portfolio of games, and its strong customer base. NeoGames has established itself as a leader in the online gaming industry, providing engaging and entertaining games to players across the globe.
The company has also made strategic investments in expanding its presence in regulated markets, which has opened up new opportunities for growth. Looking ahead, NeoGames is optimistic that its strong performance in the first quarter will continue in the coming quarters. With a focus on delivering engaging content and providing a seamless user experience, the company is well-positioned to capitalize on the increasing demand for online gaming.
Earnings
NEOGAMES S.A.’s earning report for FY2022 Q4 as of December 31 2022 was recently released, showing total revenue of 69.22M USD and a net income loss of 0.79M USD. This marks a 465.1% increase in total revenue compared to the previous year, bringing NEOGAMES S.A.’s total revenue from 14.01M USD to 69.22M USD in the last 3 years. Despite exceeding EPS estimates, the company missed their revenue forecast for the quarter.
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 |
| 165.7 | -18.96 | -4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Neogames S.a. More…
| Operations | Investing | Financing |
| 14.91 | -6.28 | -2.31 |
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 |
| 458.44 | 320.4 | 5.27 |
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% | – | -8.8% |
| FCF Margin | ROE | ROA |
| -7.1% | -6.7% | -2.0% |
Stock Price
NeoGames S.A released its latest earnings report on Wednesday and stock opened at $13.2 and closed at $13.2, up by 2.0% from the previous closing price of $12.9. The company managed to beat its earnings per share (EPS) estimates but missed its revenue forecast. Analysts are mixed in their assessment of the report with some seeing the company’s strong EPS performance as a positive sign, while others are concerned about the revenue miss. However, it remains to be seen whether the company can sustain its current performance going forward. Live Quote…
Analysis
At GoodWhale, we have analyzed the financials of NEOGAMES S.A. and based on our Risk Rating, it has been determined that NEOGAMES S.A. is a high risk investment in terms of both financial and business aspects. Furthermore, our team of financial analysts have detected four risk warnings in their income sheet, balance sheet, cashflow statement and financial journal. By becoming a registered user of GoodWhale, you can access more detailed information about these warnings and how they may affect your investment decision. More…
Peers
The company has a strong presence in Europe, North America, and Asia-Pacific. NeoGames SA’s main competitors are Frontier Developments PLC, SocialPlay USA Inc, and Feiyu Technology International Co Ltd.
– Frontier Developments PLC ($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. has reported its earnings for the fourth quarter of the fiscal year. This indicates that the company is in a good financial position and its products are selling well, but it is not meeting its sales targets. Investors should consider these results when making decisions about investing in NEOGAMES S.A. It is important to take into account the company’s performance and growth prospects when determining if this is a wise investment opportunity. Additionally, it is important to assess the company’s competitive environment and current market conditions before investing.
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