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Last $3.27 USD
Change Today +0.05 / 1.55%
Volume 374.0
GRVY On Other Exchanges
As of 5:20 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

gravity co ltd-sponsored adr (GRVY) Snapshot

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52 Week High
09/8/14 - $7.52
52 Week Low
07/13/15 - $3.11
Market Cap
Average Volume 10 Days
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gravity co ltd-sponsored adr (GRVY) Details

Gravity Co., Ltd. develops and publishes online games primarily in the Republic of Korea, Japan, the United States, Canada, Taiwan, Hong Kong, Macau, and Thailand. It offers online games; mobile games and applications; and other games and game-related products and services, including character-based merchandise and animation. The company’s massively multiplayer online role playing games include Ragnarok Online, Ragnarok Online II, Requiem, Dragonica, R.O.S.E. Online, and Requiem Returns W. It also provides console games and a game for Internet protocol television; and licenses the merchandizing rights of character-related products based on its online games. In addition, the company markets dolls, stationery, food, and other character-based merchandise, as well as game manuals, monthly magazines, and other publications. Further, it provides Website development and operation services; and sells goods related to mobile phones, such as accessories and USB data cables. The company was founded in 2000 and is headquartered in Seoul, South Korea. Gravity Co., Ltd. operates as a subsidiary of GungHo Online Entertainment, Inc.

Founded in 2000

gravity co ltd-sponsored adr (GRVY) Top Compensated Officers

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Executives, Board Directors

gravity co ltd-sponsored adr (GRVY) Key Developments

Gravity Co. Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Gravity Co. Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total net revenue was KRW 9,069 million against KRW 10,767 million a year ago. Operating loss was KRW 2,559 million against KRW 2,878 million a year ago. Loss before income tax expenses and equity loss on investments was KRW 2,355 million against KRW 2,503 million a year ago. Net loss attributable to parent company was KRW 2,628 million against KRW 2,969 million a year ago. Basic and diluted loss per share was KRW 378 against KRW 427 a year ago.

Gravity Regains Compliance With NASDAQ Minimum Bid Price Requirement

Gravity Co., Ltd. announced that on May 26, 2015, the Company received a letter from The NASDAQ Stock Market stating that it has regained compliance with the minimum bid price requirement for continued listing on The NASDAQ Capital Market. After the Company effected a 1-for-8 reverse split on May 11, 2015, NASDAQ has determined that for the last 10 consecutive business days, from May 11 to May 22, 2015, the closing bid price of the Company's American Depositary Shares("ADS") has been at US$ 1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed. The Company was notified by NASDAQ, on May 28, 2014, that it no longer satisfied the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's ADS had closed for 30 consecutive business days below US$1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the Company was granted a grace period of 180 calendar days, or until November 24, 2014, to regain compliance. Subsequently, the Company disclosed in a Current Report on Form 6-K dated November 25, 2014, that it received a positive determination from the Listing Qualifications department of The NASDAQ Stock Market, granting approval of the Company's request to transfer its listing to The NASDAQ Capital Market from The NASDAQ Global Market. As a result, the Company was granted its second grace period of 180 calendar days, or until May 26, 2015 to regain compliance with NASDAQ. The Company's Board of Directors approved a ratio change of its ADS to common share from four ADSs to one common share (4:1) to one ADS to two common shares (1:2) at a meeting held on April 22, 2015, effective as of the start of trading on May 11, 2015. The ratio change had the same effect as a 1-for-8 reverse split of its ADSs.

Gravity Co., Ltd, Board Meeting, Apr 22, 2015

Gravity Co., Ltd, Board Meeting, Apr 22, 2015. Agenda: To consider ratio change of its American depositary shares.


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