Animoca Brands Annual Report 2014

Key insights

6 takeaways

01
Consolidated revenue for 2014 was US$933,485, made up of US$780,440 in app advertising revenue and US$153,045 in in-app purchase revenue.See it on page 68
02
The group reported a consolidated loss of US$6,360,537 for 2014, primarily driven by US$5,446,669 of transaction costs from acquiring Animoca Brands.See it on page 18
03
Average daily active users rose 17% to 503,407 in 2014, and cumulative app downloads reached 113.4 million at year end.See it on page 4
04
The auditor drew attention to a material uncertainty regarding going concern, citing a net loss of 913,868 after one-off transaction costs and operating cash outflow of $940,941.See it on page 81
05
The group reported a net liability position of US$2,438,535 at 31 December 2014, with US$3,212,771 of performance shares classified as non-current liabilities.See it on page 40
06
Doraemon Gadget Rush reached 1.8 million downloads in less than two weeks after its launch on 5 February 2015, according to the company's announcement.See it on page 18

Summary

Animoca Brands Corporation Limited's annual report for the year ended 31 December 2014 covers a mobile game developer that completed a reverse acquisition of Animoca Brands (BVI) on 24 December 2014 and relisted on the Australian Securities Exchange as AB1 in January 2015. The financial statements are presented in US dollars and consolidate the app portfolio from 1 August 2014, with the company's results reflecting the operations of the Animoca Brands group. Revenue for the period was US$933,485, and the group recorded a loss of US$6,360,537, driven mainly by transaction costs of US$5,446,669, of which US$4,709,931 were non-cash. Average daily active users increased 17% to 503,407 in 2014, and cumulative app downloads reached 113.4 million at year end. The company reported that 92 new games were launched in 2014. The auditor, Grant Thornton, included a material uncertainty regarding going concern. The company reported a target towards reaching 160 million installations by the end of 2015.

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