tinyBuild achieved record growth in 2021 through mergers and acquisitions and organically, and listed on the London Stock Exchange on March 9, 2021.
02
The company's back catalog revenue has consistently grown, representing 51% of gaming revenue in FY17, increasing to 83% in FY19, and settling at 79% in FY21.
03
tinyBuild has a strong focus on influencer marketing, having achieved over 5 billion content-related views on YouTube by December 31, 2021, and maintaining relationships with over 10,000 verified influencers.
04
tinyBuild is actively relocating staff from Ukraine due to the war, setting up a temporary location in the Balkans and planning a third studio in Western Europe to assist with relocation and visa processes.
05
The company has a policy against 'crunching' and provided an extra week of holiday to all direct employees in 2021 as appreciation for their work during the pandemic.
06
Goodwill arising from business acquisitions is not amortized but is tested annually for impairment, while other intangible assets like brands and customer relationships are amortized over 15 and 7 years, respectively.
07
Property, plant, and equipment had a carrying amount of $569,000 as of December 31, 2021, down from $760,000 in 2020, with additions of $537,000 and disposals of $1,091,000 during 2021.
Insights
01
tinyBuild achieved record growth in 2021 through mergers and acquisitions and organically, and listed on the London Stock Exchange on March 9, 2021.
02
The company's back catalog revenue has consistently grown, representing 51% of gaming revenue in FY17, increasing to 83% in FY19, and settling at 79% in FY21.
03
tinyBuild has a strong focus on influencer marketing, having achieved over 5 billion content-related views on YouTube by December 31, 2021, and maintaining relationships with over 10,000 verified influencers.
04
tinyBuild is actively relocating staff from Ukraine due to the war, setting up a temporary location in the Balkans and planning a third studio in Western Europe to assist with relocation and visa processes.
05
The company has a policy against 'crunching' and provided an extra week of holiday to all direct employees in 2021 as appreciation for their work during the pandemic.
06
Goodwill arising from business acquisitions is not amortized but is tested annually for impairment, while other intangible assets like brands and customer relationships are amortized over 15 and 7 years, respectively.
07
Property, plant, and equipment had a carrying amount of $569,000 as of December 31, 2021, down from $760,000 in 2020, with additions of $537,000 and disposals of $1,091,000 during 2021.