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tinyBuild, Inc. announced on 10 June 2022 the posting of its Annual Report and Financial Statements for the year ended 31 December 2021 and an update to its preliminary unaudited results. During the final audit, reclassifications led to current payables increasing to $9.3 million (from $5.3 million unaudited), other receivables reported at $13.5 million (from $15.6 million unaudited), and deferred tax liability reducing to $2.3 million (from $4.3 million unaudited), with no impact on previously reported revenues, Adjusted EBITDA, operating profit, or cash balances. The company also scheduled its Annual General Meeting for 4pm on Tuesday 12 July 2021.
| Date | 10 Jun 2022 |
| Time | 07:00:06 |
| Category | Results |
| ID | 3984O |
10 June 2022
tinyBuild, Inc
("tinyBuild" or the "Company")
Posting of Annual Report and Notice of AGM
Update to the Preliminary Unaudited Results
tinyBuild, a premium video games publisher and developer with global operations, is pleased to announce that the Company's Annual Report and Financial Statements for the year ended 31 December 2021 ("Annual Report") is now available to view on the Company's website at: www.tinybuildinvestors.com.
During the final audit process, the Company made certain reclassifications on its consolidated balance sheet, which resulted in an increase of current payables ($9.3 million compared to $5.3 million unaudited) that was offset by an increase in other receivables ($13.5 million compared to $15.6 million unaudited) and a reduction in the deferred tax liability ($2.3 million compared to $4.3 million unaudited). There has been no impact on the Company's revenues, Adjusted EBITDA, operating profit and cash balances as previously reported and there is no change to the Company's market expectations for the current financial year.
The Company's Annual General Meeting ("AGM") is scheduled to be held at Memery Crystal, 165 Fleet Street, London EC4A 2DY at 4pm on Tuesday 12 July 2021. The Company will post the notice of AGM shortly, together with printed copies of the Annual Report.
For further information, please contact:
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tinyBuild, Inc Alex Nichiporchik - Chief Executive Officer and co-founder Luke Burtis - Chief Operating Officer and co-founder Antonio Jose Assenza - Chief Financial Officer Giasone (Jaz) Salati - Head of M&A and IR
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Berenberg (Nominated Adviser and Sole Broker) Ben Wright, Mark Whitmore, Ciaran Walsh, Milo Bonser |
+44 (0) 20 3207 7800 |
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SEC Newgate (Financial PR) Robin Tozer, Bob Huxford, George Esmond
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+44 (0)7540 106366
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About tinyBuild:
Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 70 premium titles across different genres. tinyBuild's strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.
tinyBuild is headquartered in the USA with operations stretching across the Americas and Europe. The Group's broad geographical footprint enables the Company to source high-potential IP, access cost-effective development resources, and build a loyal customer base through its innovative grassroots marketing.
tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March 2021.
For further information, visit: www.tinybuildinvestors.com.