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Devolver Digital – “trading update”, does it remain an AIM IPO Roll-Call of Shame?

Describing itself as “an award-winning digital publisher and developer of indie video games”, Devolver Digital (DEVO) commences a “trading update” with to “expect FY2022 revenue to be within the range of guidance set in June 2022, with strong year-on-year revenue growth from continuing operations of greater than 30%” and also states that its “pipeline for 2023 is healthy and diverse in terms of titles, developers, platforms and geography”. Sounds good…so why currently a more than 12% share price fall in response, to 55.5p?

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Devolver Digital (#DEVO) – lower than expected H2 performance, cautions on current year

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Devolver Digital – after more than £154m for sellers little more than seven months ago, ANOTHER AIM IPO Roll-Call of Shame...

On 4th November last year ‘digital publisher and developer of indie video games’ Devolver Digital (DEVO) was “pleased to announce the admission of its shares to trading on the AIM market”, with Executive Chairman Harry Miller “excited about what the future holds”. Now a “Trading Update”...