Comparing quarters with Gameloft, we seem to be holding our own. Gameloft's quarters finish one month ahead of SPS.
Gameloft 4Q 2005 15.5
1Q 2006 14.8. So their sales actually fell compared to busy xmas.
2Q 2006 15.8
3Q 2006 16.1
4Q 2006 21.3 which is a guidance figure
Figures in millions of Euros.
So Q on Q growth works out at -5%, +6%, 2% and 33% (projected)
SPS figures are 4Q 1.3m
1Q 1.6m
2Q 1.7m
3Q ?
4Q ?
With Q on Q growth rates of 27%, 6%, ? and ?
So if we match Gameloft, and no reason I can see why we shouldn't, we should be looking at gaming revenues of £2.4m for 4Q, and maybe £1.8m for 3Q.
That would give us £7.5m for the year from gaming. I would expect we would get
£1m from non publishing in the full year (£.7m at half year) giving us total revenue of £8.5m.
That would report quite well with total revenue more than doubling in the year and publishing revenue being 270% of 2005 publishing revenue.
Its quite possible that total revenues 3Q are less than 2Q with the non publishing revenue falling away. In that case it makes sense to not unnecessarily scare investors by announcing it.