Cash position all right for nowĬontrolling costs is important for Arena to prevent the necessity of raising more cash. Arena reported cash and cash equivalents of $101.6 million at the end of the third quarter. The company's cost of product sales in the third quarter were nearly half of what they were in the same period last year, although lower sales of Belviq played a big role. Arena decreased its research and development expenses by nearly 21% year over year. Lower operating costs made a big difference, also. That's much better than the $26.4 million loss, or $0.11 per share, posted in the third quarter of 2015. Over time, we expect more and more Flash games to be playable again. We are using Ruffle to emulate Flash content, but it doesnt currently work for all games. This is unfortunate, but outside of Kongregates control. 12, 2021, Adobe (the company that made Flash) began blocking its use everywhere.
The company reported a net loss of $12.4 million, or $0.05 per share. Thing Thing Arena is currently not available on Armor Games. Play Thing-Thing Arena 3, a free online game on Kongregate Top New 5 Minute Idle Shooter Tower Defense Upgrades Action Sports/Racing Multiplayer MMO Flash End-of-Life This game runs on Flash. It uses a modified version of Thing-Thing 4s. Thanks largely to the additional revenue from Eisai, Arena's bottom line improved in the third quarter from a year ago. Thing-Thing Arena 3 is the third game in the Thing-Thing Arena side-series, created by Diseased Productions.
Jewel Pop A sweet match 3 game with interesting levels and power-ups 13 in 1 Solitaire Collection Play 13 different variations of solitaire. This collaboration revenue helped Arena's top line look much better than it did in the third quarter of last year. Mahjong Flowers A beautiful mahjong solitaire game with 150 puzzles to solve Mahjong Titans A classic online Mahjong game beloved by many. On the positive side, though, Arena received $11 million in milestone payments related to Belviq from its partner, Eisai.