Update from Flexion Mobile Plc
Due to a technical fault within Finwire's release system, the Flexion Q4 update and results video presentation by CEO Jens Lauritzson was released by mistake by Finwire this morning.
The following information was presented from the report in addition to what was already released in the trading update dated on 29th February 2024:
- Current cash position of GBP 14.3m is getting stronger thanks to positive cash-flow. Postive cash flow amounted to GBP 3.5m during Q4. No debt. Cash balance in Q4-23 was GBP 11.1m;
- Our plan is to grow revenue 100% in 3 years;
- Quarterly revenue guidance: Q1 – USD 21m-24m;
- Strong pipeline – we just signed EverMerge from Big Fish Games;
- "7vsWild" agreement renewed for 2024;
- Audit update - Grant Thornton are committed to finalising the delayed 2022 annual accounts as soon as possible.
The Company will release its Q4-report as planned tomorrow 20th March 08.00 CET.
This disclosure contains information that Flexion Mobile is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 19/03/2024 at 12:40 CET
For more information
Niklas Koresaar CFO, Email: ir@flexionmobile.com. Tel: +44 207 351 5944
About Flexion Mobile Plc:
Flexion grows revenue and audiences for games. Our mission is to become the leading games marketing company. We offer unique game distribution and influencer marketing services to top grossing developers around the world. Flexion boosts game revenue and audiences for games by maximising their performance in new alternative app stores, including the Amazon, Samsung, Huawei, Xiaomi and ONE Stores. In 2022, the company acquired Audiencly GmbH, a leading game influencer marketing agency. Flexion Mobile Plc is listed on Nasdaq First North Growth Market, Shortname: FLEXM. Certified Adviser is FNCA Sweden AB.