Online Korean game company GRVY did revenues of $23m in Q1 2017, $27m in Q2 2017, $23.7m in Q3 2017, and then, out of the blue, $67.5m in Q4 2017.
If Q4 2017 revenues keep up around that level, buying GRVY is a no brainer!! :-)
GRVY's cash position has gone from $38.7m in Q4 2016 to $61.6m in Q4 2017, and the market cap is about $300m.
It remains a complete mystery why revenues jumped from $24m in Q3 2017 to $67m in Q4 2017, but they are constantly launching new games in new countries, and perhaps their new games are, I don't know, well received by the gaming masses?
There's not a whole lot of info on the company beyond those few sentences, so it really is a no brainer. There's nothing to analyze...... |
