NEXT GAMES CORPORATION, COMPANY RELEASE, 5 DECEMBER 2019 AT 4.40 p.m EET

Next Games will continue the soft launch of its Blade Runner Nexus game until the end of 2019 and to year 2020. According to the company’s Disclosure Policy, the company notifies of the continuation of the soft launch period as due to the continuation of this phase, the company’s previously communicated goal of one game launch per year will not be realized in 2019.

The company updates its business outlook for 2019 and estimates its revenue to remain on a similar level to 2018 instead of previously predicted moderate growth. 

Updated Business Outlook 2019

The company estimates revenue to remain on a similar level in 2019 compared to 2018. As a result from the changes in its cost structure, the company strives towards remaining cash flow neutral in the longer term. As part of cost restructuring, the company estimates it will achieve monthly savings of approximately 550 thousand euros in salaries, administrative costs and product development costs, totaling approximately 6.5 million euros on a yearly basis as compared to the second half of 2018.

Previous Business Outlook 2019

The company seeks moderate revenue growth during 2019 compared to 2018 and, as a result from the changes in its cost structure, strives towards remaining cash flow neutral in the longer term. As part of cost restructuring, the company estimates it will achieve monthly savings of approximately 550 thousand euros in salaries, administrative costs and product development costs, totaling approximately 6.5 million euros on a yearly basis as compared to the second half of 2018.

Certified Adviser: Danske Bank A/S, Finland Branch, tel. +358 10 546 7938

Additional information:
Saara Bergström
CMO
investors@nextgames.com
+358 (0)50 483 3896

About Next Games
Next Games (Helsinki Nasdaq First North: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. In summer 2018, Next Games launched The Walking Dead: Our World, which utilizes cutting edge AR technology and is powered by Google Maps. Currently Next Games is working on multiple new games based on popular entertainment franchises including, Blade Runner Nexus, for the popular Blade Runner franchise and a mobile game based on Netflix’s Stranger Things. For more information head to www.nextgames.com