Although the revenue for Frontier Developments H1 2017 earnings was already known the company surprised on the upside with strong profit growth.

EBITDA grew 179%
EPS was 10.7p compared to 1.2p for H1 2016
TTM EPS is 13.7p which puts the company at P/E 21. Very cheap in my world given the growth.

It is very encouraging that the company is beefing up its staffing to meet the demands of a growing listed company by adding Charles Cotton, with a track record of successfully scaling organisations listed on both LSE and NASDAQ, to the board and the appointment of Alex Bevis as CFO, who is currently CFO of a LSE company.

Looking ahead I am very excited for the PS4 launch of Elite. It will mark the debut for the company’s proprietary COBRA game development technology on Playstation 4. And of course it will be very exciting to find out what movie IP the company has licensed.