Frontier Developments PLC acquired Complex Games, developers of Warhammer 40,000: Chaos Gate – Daemonhunters, in November 2022, gaining expertise in turn-based strategy games.
02
The company's gross research and development spend increased to £52.9 million in FY23, up from £47.5 million in FY22.
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Planet Zoo, released in 2019, is on its 15th PDLC pack (Oceania Pack, due September 2023) and supports animal conservation initiatives with partners like Edinburgh Zoo and San Diego Wildlife Alliance.
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Adjusted EBITDA (loss)/profit for FY23 was (£4,595k), a decrease from (£6,677k) in FY22.
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From FY24, the company will amortize other intangible assets more rapidly in the first 12 months post-release, which may negatively impact reported operating profit short-term but not Adjusted EBITDA.
06
The company's total cash and cash equivalents decreased from £38,699k in FY22 to £28,311k in FY23.
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The company is authorized to purchase up to 3,947,854 of its own Ordinary Shares, representing approximately 10% of its issued ordinary share capital.
Insights
01
Frontier Developments PLC acquired Complex Games, developers of Warhammer 40,000: Chaos Gate – Daemonhunters, in November 2022, gaining expertise in turn-based strategy games.
02
The company's gross research and development spend increased to £52.9 million in FY23, up from £47.5 million in FY22.
03
Planet Zoo, released in 2019, is on its 15th PDLC pack (Oceania Pack, due September 2023) and supports animal conservation initiatives with partners like Edinburgh Zoo and San Diego Wildlife Alliance.
04
Adjusted EBITDA (loss)/profit for FY23 was (£4,595k), a decrease from (£6,677k) in FY22.
05
From FY24, the company will amortize other intangible assets more rapidly in the first 12 months post-release, which may negatively impact reported operating profit short-term but not Adjusted EBITDA.
06
The company's total cash and cash equivalents decreased from £38,699k in FY22 to £28,311k in FY23.
07
The company is authorized to purchase up to 3,947,854 of its own Ordinary Shares, representing approximately 10% of its issued ordinary share capital.