Gravity Co

Gravity Co., Ltd. engages in the development and publishing of online games, software and other related services. It operates through the following business fields: Online Games Development Business, Game Publishing Business, Mobile Business, Multi Platform Business, One Source Multi Use Business and the Internet Protocol Television Business. The Online Game Development Business focuses on developing and servicing competitive games with various genres and unique features such as Ragnarok Online II, Requiem online, and Pucca Racing. The Game Publishing Business seeks to expand its business into publishing, music, merchandising, and animation. The Mobile Game Business develops mobile games based on Ragnarok Online and offers role-playing games, shooting, puzzle, and sports genres in its mobile game collection. The Multi Platform Business offers online and mobile games, and is currently in the process of developing Ragnarok DS, PSP, and XBOX 360 Live PSN. The One Source Multi Use Business invests continually to improve the quality of the game industry. The Internet Protocol Television (IPTV)Business covers network games based on IPTV, imbedded games based on STB, and new game services based on an open platform. The company was founded on April 4, 2000 and is headquartered in Seoul, South Korea.

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Gravity Co., Ltd. engages in the development and publishing of online and mobile games, software, and other related services. It operates through the following business segments: Online Game, Mobile Game, and Others. The Online Game segment consists of Micro-transaction and subscription revenue, which is operated by the company, and royalties and license fee. The Mobile Game segment comprises of micro-transaction. The company was founded on April 4, 2000 and is headquartered in Seoul, South Korea.

Gravity is fast growing Korean gaming company that grew revenues 70% last quarter and 176%, 102% and 26% in 2017, 2018, 2019 respectively. Despite the explosive growth and exposure to a hot Southeast Asian mobile gaming market, the stock trades at a significant discount to its gaming peers.

More GRVY Please: Finding Value In Gravity, A Korean Gaming Company

In this article we will check out the progression of hedge fund sentiment towards Gravity Co., LTD. (NASDAQ:GRVY) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Should I Avoid Gravity Co., LTD. (GRVY)?

Gravity posted strong results last quarter, with 70% top line growth and more than 200% profit growth. The success of "Next" (and future games pipeline) yet to be reflected in the financials.

Gravity: Predictable Gaming Cash Flow, Cheap Valuations

Seoul, South Korea, Nov. 13, 2020 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (Nasdaq GM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the third quarter ended September 30, 2020, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

GRAVITY REPORTS THIRD QUARTER OF 2020 RESULTS AND BUSINESS UPDATES

Seoul, South Korea, Nov. 12, 2020 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok X: Next Generation has been ranked as the first in top grossing of Google Play in Taiwan and Hong Kong followed by Apple App Store.  

Ragnarok X: Next Generation ranked No.1 on Google Play in Taiwan and Hong Kong followed by Apple App Store

Seoul, South Korea, Oct. 22, 2020 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok X: Next Generation, a new MMORPG mobile game, has been successfully launched in Taiwan, Hong Kong and Macau on October 15, 2020.  

Successful Launching of Ragnarok X: Next Generation in Taiwan, Hong Kong and Macau

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I believe the company offers a considerable medium-term opportunity for investors in the gaming segment.

Gravity: Wait For Gravity To Take Effect On The Stock

Seoul, Sept.  11, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok X: Next Generation, a new MMORPG mobile game, will be planned to be launched in Taiwan, Hong Kong and Macau on October 15, 2020.

Ragnarok X: Next Generation Official Launch in Taiwan, Hong Kong and Macau on October 15, 2020

Seoul, Aug.  25, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that pre-registration for Ragnarok X: Next Generation, a new MMORPG mobile game, has been opened on August 25 and CBT has been started in Taiwan, Hong Kong and Macau from August 24 to September 9, 2020.

Ragnarok X: Next Generation Available for Pre-registration and CBT in Taiwan, Hong Kong and Macau

Seoul, Aug.  07, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the second quarter ended June 30, 2020, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

Gravity Reports Second Quarter of 2020 Results and Business Updates

Seoul, July  13, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Origin recorded meaningful performance in just five days after its launch on July 7, 2020 in Korea.

Ragnarok Origin Hits Top 4 on Google Play and Apple App Store in Korea

Seoul, June  24, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that the company will release Ragnarok Origin, a new MMORPG mobile game, in Korea on July 7, 2020.

Ragnarok Origin Official Launch in Korea on July 7, 2020

Gravity develops online and mobile games.

Gravity's New Games Could Be A Catalyst For The Stock Price

Seoul, June  04, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that its wholly‑owned subsidiary in Thailand, Gravity Game Tech., Ltd. (“GGT”) has officially launched Ragnarok Online in Thailand on May 28, 2020.

Ragnarok Online Successful Launching in Thailand with Over 100,000 Concurrent Users

Gravity: Consistency Is The Next Test

Seoul, May  29, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the first quarter ended March 31, 2020, prepared in accordance with international Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

GRAVITY REPORTS FIRST QUARTER OF 2020 RESULTS AND BUSINESS UPDATES

Seoul, April  29, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on April 28, 2020. The annual report can be accessed on the Company’s investor relations Web site at http://www.gravity.co.kr/en/ir/notice/list.asp

GRAVITY ANNOUNCES FILING OF ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2019

Seoul, April  28, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that the company has officially started pre-registration for Ragnarok Origin, a new MMORPG mobile game, in Korea on April 24, 2020.

Ragnarok Origin (Mobile) Available for Pre-Registration and CBT in Korea and Ragnarok Online (PC) CBT in Thailand

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Seoul, Feb.  13, 2020  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its selected preliminary unaudited financial result for the fourth quarter ended December 31, 2019 and business updates.

Gravity Reports Preliminary Unaudited 4Q 2019 Result and Business Updates

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Seoul, Dec.  10, 2019  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that its wholly‑owned subsidiary in Thailand, Gravity Game Tech., Ltd. (“GGT”) has officially opened pre-registration for Ragnarok Tactics in Southeast Asia on Monday, December 9, 2019 in advance of the launching on January 2nd.

Ragnarok Tactics Available for Pre-Registration in Southeast Asia on December 9

Seoul, Nov.  14, 2019  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the third quarter ended September 30, 2019, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

GRAVITY Announces Third Quarter 2019 Financial Results and Business Updates

Seoul, Nov.  12, 2019  (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that its wholly‑owned subsidiary in Thailand, Gravity Game Tech., Ltd. (“GGT”) has officially launched Ragnarok Tactics in Thailand on Friday, November 8, 2019.

News for Gravity Co Stock (GRVY)