Thunderful Group is reporting its final quarter and full year as a publicly listed company. The journey as a listed company has primarily been painful for its shareholders. Over its five years on the stock market, the company has released many games that received strong reviews from both critics and players. However, these titles have been too niche in the highly competitive market for low-budget games. Poor capital allocation, high debt, and acquisitions on unfavorable terms have been the main reasons behind the negative performance on the stock exchange, according to us.
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