Vividthree Holdings Unveils FY2020 Financial Snapshot
Singapore, 25 May 2020 – Vividthree Holdings Ltd. (SGX: OMK), the entertainment powerhouse known for blending live action with cutting‑edge tech, has released its numbers for the period ending 31 March 2020.
“We’ve got solid cash flow and the government’s support programmes giving us breathing room,” said Managing Director Charles Yeo. “We’re rolling up our sleeves and taking decisive steps to come out on top. Our focus? Snagging the right projects for the next fiscal year.”
With flexible liquidity and a bit of government backing, Vividthree stays ready to navigate the current landscape and chart a clearer path toward future growth.
Full Year Performance
$’000
FY2020
FY2019
Y-o-Y change
FY2020 Financial Snapshot
We had a wild ride in 2020 – our revenue took a nosedive of 33.9%, down to just $6.14 million. The hit was all about the Content Production arm, but a little bright spot came from Post‑Production with roughly $0.98 million more.
Revenue Breakdown
- FY2019: $9.28M
- FY2020: $6.14M
- YoY Change: -33.9 %
Why did we drop like that? Well, COVID hit us hard in 4QFY2020. Governments slapped travel bans, social distancing, and even lockdowns, tossing our immersive tours into the time‑warp. Swapped dates, canceled shows—sales just slid down.
Gross Profit
- FY2019: $6.48M
- FY2020: $2.05M
- YoY Change: -68.3 %
We also saw the gross margin fall from 69.8 % to a shaky 33.5 %. It’s because Post‑Production (lower margin) now fights for a bigger slice of the pie, pulling the overall numbers down.
Net Profit / Loss
- FY2019: $3.27M
- FY2020: ($0.83M)
- YoY Change: +125.4 % (loss to profit)
Other income took a 72.4 % hit due to the disappearance of a one‑off windfall we had the year before. That’s the reason we ended up with an $0.83 million loss. Yet, on the bright side, we still closed the year with a positive cash flow and a healthy net cash position.
Take‑away
Despite the pandemic drag, we’re bailing out the cash situation and showing resilience in the face of a tough, shifting market. Onward and upward!
Moving Forward
Vividthree’s Pandemic Playbook: From Lockdowns to Digital Lifelines
*Vividthree’s resequencing of projects feels a bit like a game of musical chairs – the pandemic tunes up the music, and when it stops, we all scramble for a seat. With travel restrictions still in place and social distancing making office life a bit of a social experiment, the Group’s commercial rhythm has slowed. But we’re keeping a close eye on the evolving scene and are ready to hop back on stage as soon as conditions allow. Meanwhile, we’re pre‑paring wham‑bangs like proper social distancing, remote working, and plenty of fresh coffee.
Digital Transformation: Turning Pandemic Turbulence into a Power‑Up
*The world is now living in a so‑called “digital normal,” and we’re riding that wave head‑on. Vividthree is turbo‑charging its digital platforms, welcoming cutting‑edge tech, and adding new digital IPs to our already‑strong line‑up. You’ll see how these investments are cutting the impact of COVID‑19 and setting us up to ride the next big wave in the post‑pandemic era.
Train to Busan (TTB) – The Comeback Card
*Our flagship to‑do, the Train to Busan franchise, is on a very optimistic trajectory. We’re eyeing a global theatrical drop for Train to Busan: Peninsula this summer, hoping it’ll turbo‑charge marketing for the original hit. On top of that, we’ve snatched exclusive rights to spin this sequel into a multisensory extravaganza—a true “sensation” that we’re hard at work priming.
Expanding the IP Portfolio – Darkbox & Silent Horror
*The bright minds behind the Group entered a binding term sheet with Darkbox Studios, scooping up all IP rights for the webcomic Silent Horror. With roughly 92 million online views since 2015, this supernatural series is a golden ticket to merchandising, media spin‑offs, and more. We’ll unveil the monetization playbook when the clocks strike the right moment.
ComicVid: The New OTT Jungle
*In December 2019 we launched ComicVid, an OTT comic platform that’s already smashing expectations. We’ve seen a 600 % user spike over a two‑month stretch, pulling in more than 70 000 active fans by April. That’s a huge boost in a world that’s learned to lean on screens. The platform is ripe for fresh IP creation – and we’re itching to explore how to turn those clicks into cash.
The pandemic shook our reality, but it also stoked the fire behind digital innovation. With heightened platforms, new IPs, and a growing user base, Vividthree is geared to emerge from this crisis not just intact, but as a power player in the “digital revolution.”
About Vividthree Holdings Ltd.
*Founded in 2006, Vividthree is a multifaceted entertainment powerhouse, blending storytelling with immersive tech. Whether it’s VR theme tours (Train to Busan) or the next compelling digital IP, we keep our engines revving.
With major footprints in Singapore and Malaysia, our core business verticals—Post‑Production and Content Production—deliver quality that stands out. A bit of corporate history: in 2015 we joined forces with mm2 Asia Ltd. (SGX: 1B0), and our parent company traded on the Catalist board in 2018 (SGX: OMK).
