SoftBank-backed simulation startup Improbable has posted steep losses and higher revenue growth for the 7 months to 31 December 2019.
The UK-headquartered startup offers its SpatialOS simulation software to gaming and defense firms. Its big promise is to enable massive, complex multiplayer environments online.$2 billion when it signed a deal with Chinese gaming firm NetEaseThis latest set of results cover the seven months to 31 December 2019, after the company shortened its accounting period.
Operating loss of £60.2 million over the seven months. The earlier results showed an operating loss of £64 million . The results indicate that despite stronger revenue growth through 2019, Improbable's losses remain steep, thanks to heavy administrative expenses and R&D spend.
95% only bad news( Merry Christmas))