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Strategies & Market Trends : Picks of the quarter
ATHR 6.101+2.0%Oct 31 9:30 AM EST
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From: Elroy2/1/2019 8:17:50 AM
1 Recommendation

Recommended By
robert b furman

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I own this one. Goofy stocks rule!!

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GRVY makes multi player online games. It's Korean. It's investor relations skills are not the best.

In 2017 GRVY did annual sales of about $127 million USD.

In 2018 GRVY has done sales of

Q1 = 66 billion Won - $60 million USD
Q2 - 63 billion Won - $57 million USD
Q3 - 44 billion Won - $40 million USD

And this morning they just pre announced that Q4 2018 revenues are about 111 billion Won - $100 million USD.

finance.yahoo.com

So 2018 annual sales looks like about $257 million USD.

They launched their game in the US in early January 2019, so maybe 2019 revenues will continue to go up.

Who the hell knows?

Anyways, they are on a $400m USD per year run rate for sales, have ~$70m cash and no debt, and may continue to grow sales. The market cap is only $250 million.

It used to be a break even company with $4.50 cash per share and a $3.50 share price.
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