Devolver Digital, Inc. Publication of Annual Report and Accounts (9795J)
May 03 2022 - 2:01AM
UK Regulatory
TIDMDEVO
RNS Number : 9795J
Devolver Digital, Inc.
03 May 2022
3 May 2022
Devolver Digital, Inc.
("Devolver Digital" or the "Company")
Publication of Annual Report and Accounts
Small Adjustment to Preliminary Unaudited Results
Devolver Digital (AIM: DEVO), an award-winning digital publisher
and developer of indie video games, announces that its Annual
Report and Final Accounts for the twelve months ended 31 December
2021 (the "Annual Report and Accounts") have been published.
It is noted that the final audited net income as set out in the
Annual Report and Accounts is $30.6 million. This is $1.8 million
lower than the preliminary unaudited net income figure reported in
the preliminary unaudited results of the Company which were
announced on 4 April 2022 (the "Preliminary Unaudited Results").
This reduction is driven by accounting adjustments in contingent
consideration relating to the acquisitions of some subsidiary
companies in 2021. The adjustments are one-time and non-recurring.
In all other respects, the Preliminary Unaudited Results are
unchanged, and in particular, this adjustment does not impact the
Company's previously reported normalised adjusted EBITDA or cash
balances.
The Annual Report and Accounts are available on, and can be
downloaded from, Devolver Digital's investor website at
investors.devolverdigital.com, and will be posted to shareholders
who require hard copies in due course.
The Company will shortly publish its notice of Annual Meeting,
which the Company plans to hold on 24 June 2022.
Enquiries
Devolver Digital, Inc. ir@devolverdigital.com
Harry Miller, Executive Chairman
Douglas Morin, Chief Executive Officer
Daniel Widdicombe, Chief Financial Officer
Zeus (Nominated Adviser and Broker)
Richard Darlington, Daniel Harris (Investment
Banking)
Benjamin Robertson (Equity Capital Markets) +44 (0)20 3829 5000
FTI Consulting (Communications Adviser) devolver@fticonsulting.com
Jamie Ricketts / Dwight Burden / Valerija +44 (0)20 3727 1000
Cymbal / Usama Ali
About Devolver Digital
Devolver Digital is an award-winning video games publisher in
the indie games space with a balanced portfolio of third-party and
own-IP. Devolver has an emphasis on premium games and has published
more than 90 titles, with more than 30 titles in the pipeline
scheduled for release over the next two years and beyond. Devolver
has in-house studios developing first-party IP titles and a
complementary publishing brand. Devolver is registered in
Wilmington, Delaware, USA.
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END
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