GDEV Inc. (NASDAQ:GDEV) Q2 2024 Earnings Conference Call September 4, 2024 9:00 AM ET Company Participants Andrey Fadeev - Founder, Chief Executive Officer Alexander Karavaev - Chief Financial Officer Roman Safiyulin - Chief Corporate Development Officer Conference Call Participants Martin Yang - Oppenheimer Vinay Bhardwaj - Cantor Fitzgerald Papy Bakayoko - Gestion Cristallin Operator Good day! And thank you for standing by. Welcome to the GDEV Q2 2024 Earnings Report Conference Call. At this time, all pa ...

LIMASSOL, Cyprus, Aug. 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces that its financial results for the second quarter ended June 30, 2024 will be released at 8:00 a.m. (Eastern Time) on Wednesday, September 4, 2024. GDEV will host a conference call and webcast to discuss its results at 09:00 a.m. U.S. Eastern Time the same day. The press release, as well as supplementary slides will be available at gdev.inc. To ...

LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its preliminary unaudited financial and operational results for the first quarter ended March 31, 2024. Financial highlights: First quarter 2024: Revenue of $107 million decreased by 10% year-over-year. Bookings of $109 million increased by 4% year-over-year. Loss for the period of $1 million in Q1 2024 vs. loss of $8 million in Q1 2023. Adjusted E ...

LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its preliminary unaudited financial and operational results for the first quarter ended March 31, 2024. Financial highlights: First quarter 2024: Revenue of $107 million decreased by 10% year-over-year. Bookings of $109 million increased by 4% year-over-year. Loss for the period of $1 million in Q1 2024 vs. loss of $8 million in Q1 2023. Adjusted E ...

LIMASSOL, Cyprus, May 22, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces that its financial results for the first quarter ended March 31, 2024 will be released at 4:00 p.m. (Eastern Time) on Tuesday, May 28, 2024. The press release, as well as supplementary slides will be available at gdev.inc. To listen to the audio webcast please follow this link. Cautionary statement regarding forward-looking statements Certain sta ...

Contacts: Investor Relations Roman Safiyulin | Chief Corporate Development Officer investor@gdev.inc Cautionary statement regarding forward-looking statements Certain statements in this press release may constitute "forward-looking statements" for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, i ...

Financial Performance - For the year ended December 31, 2023, net cash flows generated from operating activities decreased by $98.1 million compared to 2022, primarily due to a $73.1 million increase in cash outflows for acquiring new players and a $27.8 million decrease in bookings [510]. - The company reported a profit of $46.1 million for the year ended December 31, 2023, compared to a profit of $7.4 million in 2022 [509]. - The company experienced a foreign exchange loss of $3.4 million in 2023, compared to a loss of $1.0 million in 2022 [509]. Cash and Liquidity - Cash and cash equivalents totaled $71.8 million at December 31, 2023, down from $86.8 million at the end of 2022 [506]. - The company believes its cash and cash equivalents, along with cash flows from operations, will be sufficient to meet normal operating requirements for the next twelve months [507]. - The company aims to ensure sufficient liquidity to meet financial liabilities, monitoring expected cash inflows and outflows over the next 90 days [719]. Capital Expenditures and Investments - Capital expenditures for the years ended December 31, 2023 and 2022 were $0.8 million and $1.1 million, respectively, with an estimated $0.1 million for 2024 up to the date of the report [505]. - Net cash flows used in investing activities for the year ended December 31, 2023 amounted to $32.5 million, a significant decrease from $171.8 million in 2022, attributed to reduced acquisitions and investments in gaming studios [511]. - The company incurred substantial expenditures in the past for M&A activities and may continue to do so in the future as it evaluates acquisition opportunities [504]. Compensation and Employee Relations - For the fiscal year ended December 31, 2023, the aggregate cash compensation paid to the Company's executive officers was $1,803 thousand [540]. - The aggregate cash compensation paid to the Company's directors was $1,867 thousand [540]. - Performance-based and equity-based compensation is a key component of executive compensation packages [537]. - The Company aims to align the interests of shareholders and management through the 2021 ESOP [551]. - The company has not experienced any work stoppages or strikes due to labor disputes, indicating a good relationship with employees [582]. Foreign Currency Risk - As of December 31, 2023, the company's net exposure to foreign currencies was $15,104 million in Euro, $89 million in Russian Ruble, $(931) million in Armenian Dram, $218 million in Kazakhstani Tenge, and $11 million in United Arab Emirates Dirham [722]. - A 10% strengthening of the USD against the Euro would decrease equity and profit by $1,510 million, while a weakening would increase it by the same amount [724]. - The company has a reasonably possible exposure to foreign currency risk, particularly with respect to the Euro and Russian Ruble [722]. - The total impact of a 10% strengthening or weakening of the USD against all currencies would result in a potential change of $1,448 million in equity and profit or loss [724]. Governance and Compliance - The audit and risk committee includes members who meet the independence requirements of the Sarbanes-Oxley Act and Nasdaq standards, ensuring effective oversight of financial reporting [569]. - The board of directors consists of 7 members, with 3 female and 4 male directors, reflecting a commitment to diversity [581]. - The company has never required an accounting restatement during or after the last completed fiscal year [583].

LIMASSOL, Cyprus, March 19, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its preliminary unaudited financial and operational results for the fourth quarter and full year ended December 31, 2023. Financial highlights: Fourth quarter 2023: Revenue of $109 million increased by 10% year-over-year.Bookings of $106 million increased by 4% year-over-year.Profit for the period of $11 million in Q4 2023 vs. loss of $77 million ...

Unaudited Interim Condensed Consolidated Financial Statements For the six months ended June 30, 2023 and June 30, 2022 Exhibit 99.1 Table of Contents GDEV Inc. 3 Table of Contents GDEV Inc. Contents | UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS | | | --- | --- | | AT JUNE 30, 2023 AND DECEMBER 31, 2022 | 3 | | UNAUDITED INTERIM CONDENSED CONCONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND | | | OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 | 4 | | U ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUA ...