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Funcom Financial Report Reveals Decline in Fiscal 2014

Posted Mar 05, 2015 by Suzie Ford

Funcom Financial Report Reveals Decline in Fiscal 2014

The Funcom 2014 financial reports have been published that show a slight growth over the previous earnings quarter but an overall decline in 2014 over 2013. "Aging titles" are cited for the decline. According to the investor presentation, earnings grew ~$300,000 over Q3 2014. Additionally, LEGO Minifigures Online is in line with predictions that monetization of the game is taking more time than expected.

The report also reveals:

  • the "work-for-hire" portion of the company will be sold
  • creditors will delay the maturation of convertible bonds and working capital loans until 2016
  • restructuring will be implemented
The investment report also shows significant declines in revenue year over year as this chart indicates:
 
 
 
Thanks to 430005 for pointing the reports out in this forum thread.
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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom

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