Annual Report and Consolidated Financial Statements 2022

Total revenue increased to $63,295,000 in 2022.

tinyBuild reported total revenue of $63,295,000 for the year ended December 31, 2022. This was an increase from $52,153,000 in 2021.

Development services revenue rose to $22,744,000 in 2022.

Game and merchandise royalties contributed $40,020,000 to revenue in 2022. Development services generated $22,744,000, significantly up from $11,477,000 in 2021.

Net cash decreased to $26,496,000 by year-end 2022.

As of December 31, 2022, tinyBuild's net cash was $26,496,000, a decrease from $48,832,000 in 2021. Total equity increased to $111,591,000 from $96,445,000.

Ukraine/Russia conflict costs totaled $1,678,000 in 2022.

The company incurred $1,678,000 in non-recurring costs related to the Ukraine/Russia conflict in 2022. These included relocating contractors and establishing tinyBuild d.o.o. in Serbia.

tinyBuild nearly doubled the number of titles in 2022.

The company nearly doubled the number of titles it is working on during 2022. This was to reduce revenue concentration and diversify its portfolio across genres and demographics.

tinyBuild pursues organic growth through new titles and studios.

The company focuses on organic growth by signing new genre-defining titles, investing in acquired studios, empowering publishing labels, and creating new IP. Examples include Tinykin, Deadside, Versus Evil, and Potion Craft.

1. 01
   Sign new titles

   e.g., Tinykin
2. 02
   Invest in acquired studios

   e.g., Deadside
3. 03
   Empower publishing labels

   e.g., Versus Evil
4. 04
   Create new IP

   e.g., Potion Craft