Overview Financial Results for
Q3, 1 NOVEMBER 2023–31 JANUARY 2024
– COMPARED WITH THE CORRESPONDING PERIOD OF THE PREVIOUS YEAR –
- Net sales amounted to 28.0 MSEK (26.0).
- Operating profit amounted to -2.7 MSEK (-4.0). The period includes lawyer costs attributable to the rights issue which are considered non-recurring.
- Income after financial items amounted to -2.8 MSEK (-4.1).
- Earnings per share before and after dilution amounted to
-0.009 SEK (-0.03).
Important Event During the Period
Christian Ander , the CEO ofGoobit met withCharlotte Petri Gornitzka , the Director General of theSwedish Civil Contingencies Agency (MSB). The meeting is a continuation of Goobit’s work to educate governments, and specifically the potential forSweden to use Bitcoin as a protocol to facilitate a robust and incorruptible digital infrastructure. This meeting marks a significant step in Goobit’s mission to facilitate Bitcoin adoption and underscores the company’s commitment to collaborating with government agencies both from a compliance and AML perspective, but also as an educational partner.Goobit has had a number of educational workshops such as with the Government of Madeira, Spelinspektionen and Finansinspektionen.
Shareholder letter
Dear
When I say "our," I'm referring to both
How will this transformation occur? Through building.
The unique decentralized Bitcoin ecosystem evolves, adoption is on the rise, tapping into new use cases and making inroads into the traditional financial world via the highly successful launch of BTC exchange-traded funds (ETFs) in the US. At the same time, at
There has never been a more opportune time for building in this space. The remarkable ascent of BTC this year, shattering price records one after another, merely reflects much larger shifts in the global landscape. Society is awakening to the unsustainable nature of fiat currencies, and the ever-expanding pyramid of global debt, and recognizes Bitcoin, the scarcest asset in the world, as the solution to these challenges.
Yes, we mustn't be naive and overlook the fact that much of the recent rally in BTC, sparked by ETFs, is driven by speculation and FOMO (fear of missing out), and many investors have yet to grasp Bitcoin's full potential. However, education begins precisely in this manner - by embracing the technology - and more BTC holders will inevitably come to understand the true power it offers.
Here's how our strategy will enable us to achieve these intertwined goals:
- We're diligently developing our go-to-market strategy for the EU, aligning with the implementation of MiCA (Markets in Crypto-Assets) regulation this year. Once everything is in place and our MiCA licence is secured, we'll extend our services throughout the entire European Economic Area, unlocking exciting new growth opportunities for our group and creating even more value for our shareholders.
- To support this growth, we're not solely reliant on the MiCA licence. As you may already know,
Goobit completed its rights issue onNovember 10, 2023 , notably oversubscribed at 124.45% of the planned target, raising a total of9,864,489.53 SEK before issue costs. This fresh capital has already been deployed to fund operations, accelerate growth, enhance products, add additional payment methods, and solidify the company's market position. - Moreover, we see numerous opportunities to diversify the Bitcoin user base. Following
Goobit 's participation in marketing and communication activities at Dreamhack, one ofEurope 's largest esports events, we observed a significant increase in trading volume in the days that followed. Next, we aim to convey a clear message that BTCX advocates for equality and an inclusive financial world for all. Therefore, with our exclusive Bitcoin event for women this March, we've initiated another effort to onboard more women into the Bitcoin ecosystem, as investors, users, developers, entrepreneurs, and more. - But that's not all. We're continuing our efforts to educate the public sector about Bitcoin. Recently, I met with
Petri Gornitzka , the Director-General of theSwedish Civil Contingencies Agency (MSB), as part of our ongoing endeavour to educate governments on leveraging the Bitcoin protocol to build a robust and incorruptible digital infrastructure. Currently, we're in discussions with theHuman Rights Foundation andSamson Mow of JAN3, a Bitcoin technology company, regarding new international educational initiatives.
Additionally, to put our words into action,
Furthermore, the company has successfully migrated its listing venue to the Nordic Growth Market, a subsidiary of Börse
You may have already noticed our transition from the traditional orange/gray color scheme to a vibrant magenta shade. Among other things, this bold color symbolizes harmony and balance. I believe this is precisely what Bitcoin will bring to the world after the current rebellious phase, which may still take many years to unfold.
And let me reiterate - we're in this for the long haul.
The story of Bitcoin is far from complete; in fact, it's entering its most exhilarating chapter yet. As custodians of this groundbreaking technology, we at
Thank you for believing in Bitcoin and us. Let's GrOw!
Warm regards,
Mars 2024
Read the full IInterim Report on goobit.se.
For further information, please contact:
Email: ir@goobit.se
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