Redeye - Flexion Mobile: Many growth drivers ahead

Due to a slightly slower growth than expected in Q4 18/19 we have lowered our estimated growth rates the next two quarters. Gross profit for the full year 19/20 will be GDP 1.41 million (GDP 1.53) according to our new estimates. However, we estimate a stronger EBIT than previously expected of GBP -1.92 million (-2.29) in 19/20. We still expect a growth of approximately 100% for the full year with the newly signed major games as the most obvious growth driver.

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This is a press release from Redeye - Research Powered Investment Banking.