CORAL SPRINGS, Florida, September 20, 2016 /PRNewswire/ --
The lucrative mobile gaming sector continues to separate itself from traditional, console-based gaming as innovative developments provide consumers with an increasingly wide variety of options. Leaders & Publishers in the video/mobile gaming industry looking to meet the growing demand of consumers worldwide in the markets include: Zynga, Inc. (NASDAQ: ZNGA), Tapinator, Inc. (OTC: TAPM), Nintendo Co. Ltd. (OTC: NTDOY), Glu Mobile Inc. (NASDAQ: GLUU) and GameStop Corporation (NYSE: GME).
Tapinator, Inc. (OTC: TAPM), a leading company within the mobile gaming industry, is providing an update to its previously issued financial guidance for 2016. Tapinator continues to expect revenue results in the range of $4.0 million - $4.5 million for 2016, representing an annualized organic revenue growth rate range of 63%-84%. The Company now expects operating income for the year to be between breakeven and $300,000, up from previously issued breakeven guidance, and is now targeting an Adjusted EBITDA (a non-GAAP measure) percentage range of 23%-27% for 2016, changed from previously issued guidance of 24%. The Company now expects to report net losses in 2016 of $2.0 million - $2.3 million, up from previously issued net loss guidance of $1.6 million, primarily as a result of financing charges related to the recent successful refinancing of the Company's $2.4 million convertible debenture, including approximately $2.1 million in expected non-cash charges.
Read the full Tapinator (TAPM) Press Release at: http://financialnewsmedia.com/profiles/tapm.html
Tapinator is also pleased to provide the following timing updates for some of its most significant upcoming Full-Featured global game launches: Big Sport Fishing 2017 - November 10, 2016 -- The freemium sequel to Big Sport Fishing, a game with 15 million player downloads. The US fishing market is larger than the hunting market: $41.7 billion vs. $31.8 billion. Given the quality of our game, this statistic and the success of hunting games on mobile, we believe this to be a significant opportunity for the Company.
Solitaire (game named to be disclosed closer to launch) - December 1, 2016 -- Solitaire is the most popular category of card games on mobile and, recently, several themed solitaire games have proven out the category's top grossing potential. Our new solitaire title will combine the classic game with a theme that we believe will resonate widely, across age groups and geographic regions.
ROCKY - December 8, 2016 -- The ROCKY film series has grossed over $1 billion at the worldwide box office. This freemium game features collectible fighters (including the original motion picture characters), multiplayer fights, exciting training sessions, and best-in-class engagement/monetization mechanics.
In other Mobile Gaming News and developments in the markets:
Nintendo Co. Ltd. (OTC: NTDOY) News: In gaming, there are often many controversies about final products being less than what was promised. We see this every year, but most recently a prominent example was No Man's Sky, where the final game delivered only a portion of what players thought they would be getting. Strangely, however, we're now seeing the exact opposite happen with Nintendo's Pokémon GO Plus peripheral. It's something that actually does more than was advertised. Past that, Pokémon GO Plus is flat-out doing things that Nintendo specifically said it wouldn't do. Now, only after it's on sale (and mostly sold out) is that being made clear. Read the full article on Forbes.
Zynga, Inc. (NASDAQ: ZNGA), a leading social game developer, last week announced its popular social game Words With Friends is now available to play directly in Messages on your iPhone or iPad. To access this first of its kind experience, download the Words With Friends iMessage app on any iPhone or iPad with the new iOS 10.
Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, last week announced the acquisition of community-driven App, Poke Radar. Built by a small team of Pokemon GO enthusiasts and relying on information submitted by its community of users - Poke Radar's mission is to help players of the year's most popular mobile game "catch 'em all." That team will join Glu Mobile and continue to offer its community the same experience they love. Having worked on the development of other apps with millions of downloads worldwide, the Poke Radar team will continue their innovative work as part of Glu.
Kongregate, a wholly-owned subsidiary of GameStop Corporation (NYSE: GME) and Fox Digital Entertainment recently announced Order up! Animation Throwdown: The Quest for Cards is now available globally on iOS and Android. Animation Throwdown: The Quest for Cards is the only collectible card game featuring five hit Twentieth Century Fox animated comedies: American Dad!, Bob's Burgers, Family Guy, Futurama, and King of the Hill. For the first time ever, players get to assemble their favorite characters and experience iconic show moments in the ultimate deck-building game of domination. Cross-dress with Roger, pimp sweet lady propane in the heart of Texas, stop for a Butterface Burger with the Belchers, and pound a Pawtucket Patriot Ale (or two) without having to leave the comfort of your local New New York suicide booth!
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