Zattikka PLC Trading Update (8621B)
09 April 2013 - 4:00PM
UK Regulatory
TIDMZATT
RNS Number : 8621B
Zattikka PLC
09 April 2013
For immediate release 9 April 2013
ZATTIKKA PLC
('Zattikka' or the 'Group')
Trading Update
Q1 Trading builds upon progress in Q4
Zattikka, the online games entertainment group, today provides
the following update for the three months ended 31 March 2013.
The Board is pleased to report that revenue bookings in Q1
werein the range of $2.8m -$3.0m, up 8-15% on the prior quarter and
in-line with management expectations. Cash and cash equivalents
were approximately $1.1m as at 31 March 2013. As stated on 23
January 2013, pro forma revenue bookings for the year ended 31
December 2012 will bewithin the range of $10.0m to $11.0m.
Operational summary
Hattrick
The Hattrick business continues to strengthen, delivering record
post-acquisition bookings for March and strong first quarter
results. This performance improvement has been driven by the new
global pricing structure announced on 6 March 2013 with the
introduction of multiple pricing plans to provide a premium game
package for the most loyal supporters and new lower entry points
for different markets. Over 14,000 supporters have upgraded to the
higher "Platinum" level and we have started to see new subscribers
at the entry "Silver" level. Overall subscribers, including free
trials, have increased by 2k to 145k at 31 March.
Elsewhere, the team has made good progress extending Hattrick's
reach into new markets, with specific focus on Russia and Eastern
Europe. An increasing focus during 2013 will be changes to the
front end of the game to engage players earlierand increase the
active user base.
Other Game Development
During the quarter, SpellgunStudio's team continued to work on
the mobile and tablet versions of the'Legacy of a Thousand Suns'
game ("Legacy"),which was approved for release in the App Store in
mid-March and has started testing in the CanadianApp Store, where
it currently has over a four-star rating. The Group expects Legacy
to be released worldwide in April after further release upgrades.
Early reviews and metrics are encouraging.
Sneaky Games continues to focuson the launch of 'Arena of
Heroes' ("Arena"),a game which leverages the Group's analytics, art
and game design capabilities. A distinguishing feature of Arena is
its ability to play seamlessly across tablets, mobile, PC and Mac.
The website is now live www.arenaofheroes.com, founders' pack sales
have begun and an encouraging PC/Mac open beta weekend was held
over the Easter weekend. We expect worldwide release in Q2 based on
final release amendments.
Finally, as announced on 12 March, the Group hassigned a new
licence agreement with Games Workshop for the Titans from their
world renowned'Warhammer40,000 'universe which will leverage the
Arena platform.
Publishing Services
Concept Art House ("CAH") continues to trade in-line with
management plans and is now beginning to benefit from the recent
additions to the executive management team in both the U.S and
China. Q1 2013 will be the highest revenue quartersince
acquisition. CAH is now well placed to add scale to the business.
CAH alsoshowcased a new sales programme at Game Developers
Conference in San Francisco at the end of March.
Outlook
The Board is pleased with the encouraging start to 2013.
Zattikka continues to make good strategic progress across all of
its business divisions. The new business development pipeline is
strong within CAH. Spellgun and Sneaky look forward to key game
launches during the second quarter of 2013. Significant operational
improvements have been made within Hattrick and the new global
pricing plan is expected to deliver further tangible benefits
within the current financial year.
Zattikka will now publish preliminary results for the year ended
31 December 2012 in May.
Ends
For further information, please contact:
Zattikka
Mark Opzoomer, Chief Executive Officer +44 (0) 20 7491 6410
Rob Gorle, Chief Financial Officer
Canaccord Genuity Limited
Nominated Adviser and Broker
Simon Bridges
Peter Stewart +44 (0) 20 7523 8000
Buchanan
Jeremy Garcia
Clare Akhurst +44 (0) 20 7466 5000
About Zattikka:
Zattikka plc is a digital games entertainment group, developing
games and providing publishing services in this sector of the
rapidly evolving multi-billion dollar global digital entertainment
market. Zattikka is executing a clear vision to become a large
scale, diverse games publisher through strategic acquisitions and
by accelerating organic growth. Headquartered in the United Kingdom
with shares listed on London's AIM (ZATT), Zattikka games studios
include Sneaky Games (USA), Spellgun (USA and China) and Hattrick
(Europe). Business to business services include high quality game
art and design services provided by Concept Art House (USA and
China) and in-game analytics insights through its bespoke SNAP
technology platform developed in London.
For more information visit www.zattikka.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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