Gravity: Amazing Performance, But Reach Is Key [Seeking Alpha]
GRAVITY Co., Ltd. - American depositary shares, each representing one common share. (GRVY)
US:NASDAQ Investor Relations:
gravity.co.kr/en/ir/adr/index.asp
Company Research
Source: Seeking Alpha
GRVY's financials remain strong, with no debt and a significant amount of cash and short-term investments. Despite impressive revenue growth, the company's share price has not reflected this, leading to a potential undervaluation. Introduction Gravity Co. ( NASDAQ: GRVY is going to report Q4 earnings on the 29th of March (according to Nasdaq), so I wanted to revisit the company since it's been almost a year since I first covered the company, when I assigned it a buy rating citing continual success of churning out Ragnarök games and the formula seems to be working well. Now fast forward almost a year, and the company's revenues skyrocketed due to the mentioned IP's success in the mobile segment, however, the share price saw around 26% increase since then, which I think is too little compared to its revenue growth. The company's financials are still outstanding, flushed with cash and no debt. Furthermore, the magic formula seems to be working still, with many new releases coming
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GRVY
News
- Gravity Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- China Reactcs to Ragnarok Origin Launch [Yahoo! Finance]Yahoo! Finance
- China Reactcs to Ragnarok Origin LaunchGlobeNewswire
- Ragnarok Origin, Grand Launch in China on March 26, 2024! [Yahoo! Finance]Yahoo! Finance
- Ragnarok Origin, Grand Launch in China on March 26, 2024!GlobeNewswire
GRVY
Sec Filings
- 4/26/24 - Form 20-F
- 4/12/24 - Form 6-K
- 3/29/24 - Form 6-K
- GRVY's page on the SEC website