Waves of Steel

TMA Games LLC · 2023 · $19.99 · Action · deal grade B

Measured on 2026-10-05 22:08 UTC. The whole catalog is re-measured daily; a game that just launched can move fast between passes.

Estimated net residual revenue: $332 to $498 per month
Opportunity: $788 per month at x1.90 dormancy
Estimated lifetime owners: 16.4k
90% positive across 430 reviews · 3.3 reviews/month

Why it's flagged

Developer silent for 3.6 years
Studio inactive: no public activity across 1 tracked titles
Store page localized in only 1 language(s)
Last discounted 0 months ago, 10 sales in the last 12 months
Proven demand elasticity: x1.3 review velocity during past deep sales

Analyst notes (AI-assisted)

Note written 2026-09-09; the live figures above take precedence over any numbers in it.

A WW2-inspired arcade naval combat game with deep ship customization and fantasy elements, built for short-session play on modest hardware.

Waves of Steel occupies a rare niche: a completed, profitable single-player naval tactics title with strong user sentiment and a dedicated if small community. The core loop (build ship, fight campaign, customize loadout) is tight and runs on anything, making it attractive for bundle plays, console ports, or regional expansion into underserved markets like Japan. The developer is inactive but the title sustains residual revenue and requires no live-service overhead. Acquisition is most viable as part of a publisher's catalog play rather than as a standalone turnaround. Most realistic play: acquisition.

Risk: Niche appeal; naval tactics genre is small and aging, with most players already served by Warship Gunner 2 nostalgia.
Risk: Developer studio status is marked inactive; no support pipeline in place and acquisition would require full stewardship of patches, ports, or community engagement.
Risk: Single-language English release leaves untapped regional upside despite Japanese review interest and demonstrated localization-gap demand.

This case as Markdown · Estimates carry ±30-50% error per title.