IGG Inc. achieved a 180.9% year-over-year revenue increase to $144.1 million for the first nine months of 2014, turning a previous $2.7 million loss into a $51.3 million profit.
02
Mobile gaming titles, specifically Castle Clash and Clash of Lords, became the primary revenue drivers, accounting for 87% of the company's total income.
03
Gross profit margins contracted slightly to 71.8% during this period, primarily due to rising costs associated with distribution channels.
04
The company strengthened its capital structure and management alignment by granting over 10 million options and 2.4 million shares to employees while consolidating the Chairman and CEO roles under Zongjian Cai.
05
Strategic operations are currently focused on global market expansion, portfolio diversification, and the monetization of the proprietary social platform, Link.
06
Corporate governance was formalized through a new act-in-concert agreement among controlling shareholders and the appointment of a new Chief Financial Officer.
Insights
01
IGG Inc. achieved a 180.9% year-over-year revenue increase to $144.1 million for the first nine months of 2014, turning a previous $2.7 million loss into a $51.3 million profit.
02
Mobile gaming titles, specifically Castle Clash and Clash of Lords, became the primary revenue drivers, accounting for 87% of the company's total income.
03
Gross profit margins contracted slightly to 71.8% during this period, primarily due to rising costs associated with distribution channels.
04
The company strengthened its capital structure and management alignment by granting over 10 million options and 2.4 million shares to employees while consolidating the Chairman and CEO roles under Zongjian Cai.
05
Strategic operations are currently focused on global market expansion, portfolio diversification, and the monetization of the proprietary social platform, Link.
06
Corporate governance was formalized through a new act-in-concert agreement among controlling shareholders and the appointment of a new Chief Financial Officer.