High Tech > Mobile Games

East Side Games Group Reports Second Quarter 2022 Financial Results

1 month ago   |   By Game Rant

Q2 turnover of $29.7Man increase of 32% compared to the same period last year Announced offer from normal course publisher for up to 4.1 million shares VANCOUVER, BC, Aug 11, 2022 /CNW/ - East Side Games Group , today announced its second quarter financial results June 30, 2022. All amounts are stated in Canadian dollars on an IFRS basis unless otherwise indicated. “Q2 was a solid quarter with 32% growth over the prior year. Total revenue for 2022 so far has been: $65.3 million, an increase of 43% year-on-year. Excluding one-time sales items in the first quarter, the second quarter was...
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Rivian Lost $1.7 Billion in the Second Quarter

Rivian Lost $1.7 Billion in the Second Quarter

1 month ago   |   By NY Times

The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
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Rivian delivers on Q2 revenue, expects loss to widen another $700M

1 month ago   |   By TechCrunch

Rivian is holding on tight to its goal of delivering 25,000 electric vehicle by year's end, but to get there it now anticipates to burn an extra $700 million.
The automaker tucked the revised guidance on losses within its second quarter earnings report, telling investors that it expects to lose a whopping $5.45 billion in 2022, up from the $4.75 billion estimate it shared three months earlier. Rivian blamed the hike on several factors, including “supply chain challenges” and “raw material inflation.”
Still, Rivian cruised past analysts' expectations on revenue, bringing in $364 million in...
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Rivian reports more losses in the second quarter of 2022

Rivian reports more losses in the second quarter of 2022

1 month ago   |   By The Verge

Photo by Nilay Patel / The Verge
Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue. It's a sign that Rivian's business is picking up speed, albeit slowly compared to the previous quarter in which Rivian reported a net loss of $1.59 billion based on $95 million in revenue.
The earnings report was a disappointing sign from the EV maker that was founded on a promise to upend the auto industry with beautifully designed, emissions-free, adventure-themed trucks and SUVs but has...
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