Unity Software delivered a mixed set of results as its revenues failed to meet market expectations but its net loss was narrower than expected. The company continued with a robust customer pull in its newer Artistry and Digital Twins segments. This quarter, Unity released its Entities 1.0 experimental which involves critical functionality for allowing creators to achieve code performance with ease of C# development and support huge data streaming via all Unity rendering pipelines with noteworthy improvements in rendering performance with its updated occlusion culling system. The management also announced a native game engine support for Windows on ARM. There has also been strong demand regarding its progress with SyncSketch and Parsec. The management completed its largest Parsec enterprise deal to date in the last quarter. They also released a private alpha of its cloud-based Digital twin solution. Overall, Unity continues to grow its models and has a healthy pipeline of ongoing initiatives. We provide the stock of Unity with a ‘Buy’ rating and a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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