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Nitro Games: Another One - Redeye

Redeye reiterates its positive view on Nitro Games following yet another game development service deal. The pipeline of internally developed games looks better than ever, and the service deals offer downside protection with little to no risk. Nitro is in a very healthy financial position following the directed share issue earlier in the year. We will make upward revisions to our financial estimates and valuations in an upcoming update.

Redeye reiterates its positive view on Nitro Games following yet another game development service deal. The pipeline of internally developed games looks better than ever, and the service deals offer downside protection with little to no risk. Nitro is in a very healthy financial position following the directed share issue earlier in the year. We will make upward revisions to our financial estimates and valuations in an upcoming update.
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