That’s why tinyBuild decided to move away from publishing third-party titles and focus on games from its in-house teams. On top of that, its back catalog, driven by Hello Neighbor, Potion Craft: Alchemist Simulator, and Not for Broadcast, continues to perform well. Opposite to the headwinds mentioned above, tinyBuild currently has a record number of upcoming games in its pipeline, including Critter Cove, Slime 3K, and Kill it with Fire 2.
Huge drop in tinyBuild share price on the London Stock Exchange Overall, its stock has plunged 92.86% since going public in 2021. This is the lowest share price in the company’s history. He will be replaced by Giasone Salati.įollowing the publication of this announcement, tinyBuild shares declined by 78.8% to £7.3 per share (via the London Stock Exchange). On top of that, tinyBuild CFO Tony Assenza stepped down from the company and its board of directors. The company is now also reviewing a number of unreleased and already launched games, saying that it may conduct the reorganization of some studios and the impairment of certain assets. “As CEO and a major shareholder, I am disappointed with the H1 performance,” tinyBuild founder Alex Nichiporchik said in a statement.
It expects its cash position at the end of December 2023 to be $10-20 million, as opposed to the previous forecast of at least $26.5 million.
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