Beyond Frames Q2 2024: No fundamental drama
Research Note
2024-08-22
10:03
Net sales were 9% lower than our estimate. Costs were in line with our expectations, which led to lower profitability than our projections. The stock has fallen sharply, by 45%, since the last quarterly report, which we believe is odd. The game pipeline looks strong and the sequel to one of its most profitable games are planned for a release in late September.
Tomas Otterbeck
John Westborg
Disclosures and disclaimers