SPYR Inc (SPYR)

[valueyoda]

even if the number of 100.000 downloads is accurate, it means very little in terms of revenues for a free-to-download game, and surely doesn't address the ongoing cash burn. Hard to justify a $120 million market cap based on that.

The company hasn't even put out their 10-k, but it is interesting to see how much revenues they generated in Q4 in the gaming division, because then you get a good insight in revenue per active user (they promoted pocket starships already in Q4 heavily; and even saw peak usage in that period)