Frontier Developments – argues “in-line with guidance” and to “benefit from two major new game releases”, but is it really?

Video games company Frontier Developments (FDEV) has made an announcement with a first headline “FY23 revenue (unaudited) of around £104 million, in-line with guidance provided in January 2023” and also including that this year “will benefit from two major new game releases: F1 Manager 2023 and Frontier's first real-time strategy game, Warhammer Age of Sigmar: Realms of Ruin, with both games on-track for release as planned”. So what of a current share price response more than 9% lower from a latest close of 583p?

Frontier Developments (#FDEV) – FY notes even adj. EBITDA loss, “to cease all activity relating to acquiring new third-party titles”

Frontier Developments – “no longer expects to achieve the FY23 market consensus forecasts” (even after our noted previous downgrades to the forecasts!)

Previously writing on videogames developer and publisher Frontier Developments (FDEV) just over a year ago I concluded, even as the share price fell towards 1300p, that noted performance and guidance supported continued caution. The shares last closed at 999p and today a “Trading Update and Notice of Results”. This commences including that the company “expects to report revenue for H1 FY23 of approximately £57 million (H1 FY22: £49.1 million)”. Good news then?

Frontier Developments (#FDEV) – profit warning after recent lower than expected sales performance

Frontier Developments (#FDEV) – Chief Creative Officer Jonny Watts takes over as CEO, David Wilton to join as Chairman Designate and other board changes

Frontier Developments (#FDEV) – FY update, argues begins its FY23 “in excellent shape”

Frontier Developments – interims argue “exciting plans”… but then why forecast downgrades again?!

Previously writing on videogames developer and publisher Frontier Developments (FDEV), in November with the shares down towards 1600p I concluded, although it argues its “future looks strong and our portfolio continues to grow”, with the valuation and clear new release performance uncertainty and admitted “wide guidance range is indicative of the variability of outcomes across our whole portfolio as we approach the important holiday season”, to continue to avoid. The shares last closed at 1772p, but today results and a trading update...

Frontier Developments – “well-established titles… continue to perform well”, BUT...

Videogames developer and publisher Frontier Developments (FDEV) has made a trading update commencing that its well-established titles, including Jurassic World Evolution, Planet Zoo and Planet Coaster, continue to perform well. So why are the shares currently 35% lower on the back of it, towards 1600p?...

Frontier Developments (#FDEV) – ‘Jurassic World Evolution 2’ PC sales lower than expected, ‘Elite Dangerous: Odyssey’ “under-performance”

Why the Share Price could Heat Up with this Flaming Frontier Stock

Hello, Share Saddlers. If you’re interested in the still booming armchair games industry, have you looked at Frontier Developments (FDEV)? This Cambridge-based outfit develops and sells Xbox and PlayStation type games. This industry, as we all know yet find it hard to get our heads round, is bigger than movies these days. And, also surprisingly, the pastime shows no sign of abating.

Frontier Developments (#FDEV) – FY revenue c. £91m, projects £130m-£150m this year

Frontier Developments (#FDEV) – H1 EPS +60%, net cash lower with “ongoing investments”

Frontier Developments (#FDEV) – currently trading ahead of expectations, but notes extended home working “additional development challenges”

Frontier Developments (#FDEV) – “on track to deliver revenue within the top half of the current range of analyst projections of £83 million to £95 million for FY”

Frontier Developments (#FDEV) – FY trading update & starts new year “confidently”

Frontier Developments (#FDEV) – notes increased demand in recent months, now expects Op profit “to be materially ahead of the top of the previous guidance range”

Frontier Developments (#FDEV) – “continue to be comfortable with the current range of analyst revenue projections”, roadmap update

Frontier Developments (#FDEV) – notes “record financial performance” (but what is it versus expectations?), “excellent position for the future”

Table of shorted AIM shares - week to 14/02/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Frontier Developments (#FDEV) – FY “ahead of market expectations”, third franchise launches