Games developer moves away from debt in ‘significant’ year which ended in IPO

Sumo’s three founders front to back – Carl Cavers, Darren Mills and Paul Porter

A Sheffield-based games developer which made its debut on the stock exchange in December has reported a rise in revenue and moved away from its previous £52m debt during 'significant' year of change. 

Sumo Digital this morning reported its annual results to December 31 2017, which included the details of the IPO it undertook on December 21 which valued the business at £145m when it entered the AIM.

It revenues for the year stood at £30.6m, up from £24.1m in the previous year... For the full story register now for free or login below...