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:
Check out the financial report summary here and the full financial report here.
Thanks to 430005 for pointing the reports out in this forum thread.
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