Animoca Brands Corp (ASX:AB1) — up 412 per cent
The mobile game developer went through some cost-cutting last year as revenue fell, staff were reduced from 110 to 70 and non-core assets were offloaded — including 318 games sold to fellow ASX-listed gamer iCandy.
But the stock has been a top performer this year — especially since June.
Investors were impressed by Animoca’s efforts to streamline its library and focus on a few key game franchises such as Crazy Kings and Crazy Defense Heroes.
And a string of blockchain and even Artificial Intelligence announcements have recently propelled the share price upwards.
Animoca just reported “the strongest result in the company’s history” with first-half revenue of $5.7m and a profit of $1.5m.
