Animoca Brands, best known for their variety of mobile games, has released their Q4 2018 report showing record results with continued strong performance. Additionally they have strategically invested in the area of blockchain games, a genre that could emerge in the coming years. Also worth noting is that they have acquired a majority stake in Zeroth for $1.5m providing Animoca Brands with direct access to market intelligence. For their Q4 2018 report, it has been broken down into three different sections highlighted below.

Financial Results

Animoca Brands has generated unaudited revenues of $4.59m during Q4 2018, representing an increase of 188% on the same period last year and bringing the total, unaudited revenues for the year to $17.7m including one-offs and $14.88m excluding the one-offs. Cash receipts for the Q4 2018 totalled $6.89m, up 637% on the same period last year.

By the looks of it, their performance has been led mostly by titles like Crazy Kings and Crazy Defense Heroes, as well as the portfolio of branded games. In addition, as the acquisition of Pixowl was integrated into the group, their portfolio of branded games such as Peanuts: Snoopy’s Town Tale, Garfield: Survival of the Fattest, and Goosebumps Horror Town, as well as their leading user-generated content platform The Sandbox.

Cash Position

Throughout the fourth quarter and in conjunction with the iClick strategic partnership, Animoca $6m at a premium of $0.098 per share from strategic investors including Katherine Yip, Moses Tsang, Sonny Vu, and Yat Siu. In total this left the company with $10.9m in cash and cash equivalents at the end of Q4 2018.

Outlook

The additional capital raised around the iClick partnership has bolstered the over all cash position on top of a record fourth consecutive quarter of positive cash flow generated. Post the quarter, Animoca has continued to consolidate its leadership in the area of blockchain gaming with a partnership with WAX Blockchain. Lastly, Animoca Brands expects to continue to execute on their mission in 2019 with a continued emphasis on Blockchain and AI.