SPYR Inc (OTCMKTS: SPYR) Plants Seed in the Blooming Mobile Game Industry

SPYR Inc (OTCMKTS:SPYR) engages in the digital media space and, formerly, in the restaurant business, primarily in the United States. The company engages in developing, publishing, co-publishing, and marketing mobile games and applications. It also previously owned and operated and American Diner theme restaurant under the Eat at Joe’s brand located in the Philadelphia International Airport in Philadelphia, Pennsylvania. The company was formerly known as Eat at Joe’s, Ltd. and changed its name to SPYR, Inc. in March 2015. SPYR, Inc. was incorporated in 1988 and is headquartered in Denver, Colorado. The diner has been spun off, and the company is now focused exclusively on the mobile gaming and app space. The latest key emphasis for the company’s strategy is the move into the eSports market. The headline “Global MMO Games Market to grow with a CAGR of 10.2% by 2025” was blazoned across a digital report about the current online gaming industry.

Image result for spyr incAs readers of financial news know, a 10.2% compound annual growth rate is indeed impressive, but the acronym MMO is what tells the real story: Massively Multiplayer Online games or MMOs are growing at a rate that far surpasses the industry’s projected 10.2% CAGR. And SPYR, Inc. (SPYR) is paving its way with its flagship MMO game, “Pocket Starships”.

According to NewZoo market research, the coming year will see the Esports Economy grow to $696M, a year-on-year growth of 41.3%. Brands are expected to spend $517M, broken down into $155M on advertising, $266M on sponsorship, and a further $95M on media rights. Brand investment will double by 2020, pushing the total market to $1.5B

Related imageSPYR‘s Pocket Starships is a popular mobile game that is one of only a few titles that offers real-time, cross platform play allowing gamers on both PC and Mobile devices to play against other gamers simultaneously. According to the release, “the game is now available for free on both VK’s site as well as in the mobile app stores for iPhone and Android. Players can log in with their VK accounts and use their VK currency in the game.”

SPYR Incorporated (OTCMKTS:SPYR) is a micro-cap player in the digital gaming and app space that recently put out an update on its plans and objectives for the year of 2017. We were impressed and wanted to update the narrative given the company’s recent moves. Most importantly, the company just announced that its flagship game, Pocket Starships, is set to be among the first games that can be played in the new Gameroom platform, now available in beta, for Windows PC gamers that was recently developed and released by Facebook Inc (NASDAQ:FB).

Image result for esportsAs you may know, Pocket Starships is a popular mobile game that is one of the few titles that offers real-time, cross platform play allowing both PC and Mobile devices to play against other gamers simultaneously. Later this year, the Company plans to add eSports competition opportunities for its players. Given the stock’s recent pullback, we may see this move start to act as a key catalyst for new money flows into shares of the red hot stock.

SPYR, Inc may build the Gameroom exposure into a major new conduit of exposure. According to Facebook, its website has about 1.8 billion monthly active users worldwide as of November 2016, and the premiere social network expects to expand its monthly active users to more than 2 billion sometime this year.

Image result for game room fb

In Q1 2016, mobile game revenue was $7.8B — so the $11.9B in revenue that the industry raked in during Q1 2017 suggests the industry is getting even healthier. And, with sustained growth in mobile game revenue, increasing mobile game installs, and an eSports industry that is steadily growing in both popularity and revenue, these are all positive signs that SPYR executives are making the right decision to allow the company to operate with complete autonomy in the mobile gaming space.

Image result for mobile game industry

Image result for vk.comThe company also recently announced that its flagship game, Pocket Starships, is now available for download and play on VK.com (VK), a social networking site very similar to Facebook and the fifth most visited website in the world. VK is the largest online social media and social networking service in Europe, and as of January 2017, VK had at least 410M accounts. VK has 95M monthly active users, 77% of which access the site on their mobile devices. VK supports more than 80 languages.

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