While CMON has made some stellar contributions to the area of the best board games, 2024 was apparently a financial year fraught with difficulty for the company. As reported by BoardGameWire, a profit warning was issued by CMON board to the Hong Kong Stock Exchange on March 12. CMON has yet to confirm the exact extent of these losses although they are set to be revealed in the company's full annual report at the end of the month.
In the past, CMON had scored a healthy run of profitable years: $3.5m in 2017, approximately $2m in 2018, and around $1.88m in 2019. However, the publisher was hit with a pretty crushing $5m loss in 2020 – of course, due to the strain of trading through the Covid-19 pandemic. Over the past three years, the company has recouped some of that loss with a combined $1.8m profit. However, if what's been reported for 2024 is accurate, this loss will have entirely (or almost entirely) wiped out this financial uptick.
