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.

TO

JW

Tomas Otterbeck

John Westborg

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