They probably did.
Its the retention they have failed with due to obvious reasons and anyone who played the game will realize easily how it was made on a smaller budget then CoH2 was given how scope of everything but factions themselves being very much diminished.
Not so sure about that...
The stock for starters, is traded OTC (over the counter) in the US markets. This means they are not listed on traditional exchanges like the NASDAQ. Why would a company do that? In order to be listed on US exchanges your company would be subject to the forensic accounting committee. I'll let you connect the dots. I think its pretty well known that SEGA has has financial issues internally and externally.
Just to crunch some
rough numbers on profitability.
VG Insights says about 515,000 copies sold. (
https://vginsights.com/game/1677280)
Income:
515k x $60.00 = 31M gross (PC sales)
Xbox revenue: ??
Advertising Partnerships: ??
Expenses:
Payroll: Average 350 employees (how many are full time, part time, independent contractors)
Let's say 200 of them are salaried. (50k/employee avg. including benefits) Roughly 10m/year * 3 years of development = 30M.
Advertising: 3M budget?
Other expenses: taxes, insurance, food, water, heat, light, etc over 3 years. ???
Profit Sharing: ???
I would lean towards losing money. I think if you combine that with the recent changes to who is leading development forward, it screams ESG emergency loan to me. Which suggests the company is/has bleed money and is at critical stages of survival.