The recent release of the half-year financial report for the Elite: Dangerous developer showed pre-tax profits of £400,000 for first half FY15/16!
Frontier booked £10.9 million in sales for the six months, translating to £7.8 million gross profit. Last year, the firm registered gross profits of £6.8 million from revenues of £7.2 million for the same period. Pre-tax profits for the six months came to £400,000 – a distinct improvement on the £1.9 million loss recorded for the six months ending November 31, 2014. In that year, Frontier managed to record full year pre-tax profits of £1.6 million. Elite continues to lead the charge for the Cambridge company, selling 1.4 million copies and headlining a transition to self-publishing which will see Planet Coaster released in Q4, 2016.
The recently released Arena replacement for CQC Mode will hopefully boost active player numbers. Elite Dangerous: Arena costs £4.99 either via Steam or developer Frontier’s own store. Existing Elite owners already have access to Arena – it is the same mode (previously named CQC) available from main Elite Dangerous menu.
“All our development teams are now working on self-published projects and with the release of Planet Coaster in calendar Q4 2016 our investment phase will complete and we will be generating revenues from both our major franchises,” said CEO David Braben.