Key insights
7 takeaways · ~3 min read- 01tinyBuild aims for growth through both organic strategies, leveraging existing partnerships and in-house developers, and inorganic strategies, utilizing a low-risk M&A approach focused on 'acquihiring' development teams and acquiring relevant IP.See it on page 9
- 02The 'Hello Neighbor' franchise serves as a template for tinyBuild's multimedia strategy, having grown organically and through M&A, expanding into merchandise, books, and potential animated TV series, and generating over 60 million downloads for its first game.See it on page 13
- 03tinyBuild's organic growth strategy focuses on increasing the quality of its game pipeline with 23 games planned for 2021 and 2022, and accumulating IP through standard partnership agreements to extend franchise lifespans.See it on page 9
- 04The company mitigates risks associated with early-stage developer partnerships by typically providing funding at specific milestones, ensuring investments are tied to key development stages over a limited time horizon.See it on page 22
- 05tinyBuild's cash generated from operations increased from $11,732,000 in 2019 to $16,470,000 in 2020, with a net increase in cash and cash equivalents of $9,304,000 in 2020, bringing the total to $26,313,000 by year-end.See it on page 42
- 06As of December 31, 2020, the largest shareholders were Alex Nichiporchik (58.2%), NetEase (13.6%), Luke Burtis (14.5%), and Makers Fund (8.6%).See it on page 35
- 07The Audit Committee, formed after the company's admission on March 9, 2021, is responsible for overseeing financial statements, ensuring compliance with accounting standards, and reviewing internal controls, meeting at least twice a year.See it on page 31
Summary
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Strategic report 3 Highlights of the year 4 Chairman’s statement 6 History and background 7 Strategy 9 Business model 10 tinyBuild portfolio 14 Chief Executive’s ...
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