- Net turnover in the period amounted to 52 075 TSEK (27 738 TSEK). Net turnover in the fourth quarter amounted to 19 685 TSEK (7 492 TSEK).
- Earnings before interest and taxes (EBIT) amounted to -29 869 TSEK (-24 092 TSEK). Earnings before interest and taxes (EBIT) in the fourth quarter amounted to -11 802 TSEK (-10 287 TSEK)
- The result after financial items amounted to -34 079 TSEK (-31 377 TSEK). The result after financial items in the fourth quarter amounted to -10 407 TSEK (-13 924 TSEK).
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The result per share amounted to
-0,073 SEK (-0,21 SEK ) in the period. The result per share in the fourth quarter amounted to-0,024 SEK (-0,09 SEK ).
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On
October 3 , it was announced that gameXcite hand entered into a licensing agreement with Paramount Consumer Products for the use of Star Trek: The Next Generation, Star Trek:Deep Space Nine and Star Trek: Voyager for a coming PC- and console game.
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On
October 5 , it was announced that Asterix & Obelix: Heroes, a multi-platform card collector game with roleplaying game mechanics developed by gameXcite and published byNACON had been released globally for Playstation 4 & 5, Xbox, Nintendo Switch and PC.
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On
November 16 , it was announced thatHorse Village : Wildshade had been soft launched for iOS and Android. The game is externally developed and published byTivola Games .
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On
November 16 , it was announced thatAnimal Hospital had been released for Playstation 4 & 5, Xbox, PC and Nintendo Switch. The game has been developed byTivola Games and published byNACON .
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On
November 16 , it was announced that Wildshade: Unicorn Champions had been released for Playstation 4 & 5, Xbox and PC. The game has been developed byTivola Games and published byNACON .
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On
December 22 , it was announced that a conversion share issue had been done with regard to debt at a value of approximately 1.5 MSEK with the purpose of lowering the Company´s debt position.
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After the period on
January 31 , it was announced that an Amendment Agreement had been executed with the seller of Nukklear, for the original Sale and Purchase Agreement. The due date of the final instalment of the consideratio (1 MEUR) was deferred fromJanuary 31 2024 toMay 31 2024 . The seller´s right to an additional consideration paid in equity for a total value of 1 MEUR was deleted. Furthermore, the obligations of the seller to remain as CEO of Nukklear and the term of certain competition stipulations were shortened. In addition the seller shall be entitled to a bonus for new third party development agreements with a contract value of >1,25 MEUR that are brought into Nukklear.
The "Company" or "Jumpgate" means
Comment to the Year-End Report
A tough quarter concludes a tough year
As we summarise the past year, we can conclude that we crowned a very tough year with a likewise demanding final quarter. As expected, revenue in the fourth quarter was significantly higher than the previous year based on the acquisitions of Nukklear and Funatics with an increase of 163 %. The EBIT was negatively effected by impairments, while cash flow was positive with
Profitability and strengthened balance sheet remain in focus. We have cut the cost base especially in Tableflip and Tivola with effects in the end of the first quarter this year. Together with additional externally financed game projects the measures shall provide profitability in the business. We continue to take action to decrease the debt. In the end of the fourth quarter, we converted
Update on operations
The game projects in collaboration with
Nukklear has signed additional work for the coming Funcom game Dune Awakening, which remains the focus of the studio for most of 2024.
The development of the Star Trek game Galactic Journey from gameXcite is progressing as planned towards a launch during next year. The project was recently internally demo-ed for our partners
Business development opening up
2023 was probably the worst of all my years in the industry, with cancelled projects, terminated studios and signing stop for new projects at many leading market participants. While news about significant cutbacks at industry colleagues keep coming into the new year, we still experience that the business development is starting to open up. Many publishers now have holes to cover in their release plans for 2025 and 2026 and we have several projects on offer for the relevant period. Newly home from the large games conference D.I.C.E. in
Especially worth mentioning in the business development now is our own IP Battle Castles, where focus now is to find a partner for external financing of the game. The feedback from potential publishers and other financiers has been beyond expectation and we clearly see how important it was that we made the investment to build a prototype for the game and positioned ourselves for the coming turn in the market.
The tough market also creates openings, where we through our strong network have been offered several very interesting opportunities to come into established game projects which would otherwise be inaccessible to us. It may for example be newly cancelled projects in established game series, where significant investments have already been made and there is an opportunity to take over the project as well as the team at very favourable terms. We aim to be opportunistic and creative to find financing solutions which provides for us to act, without compromising with our strategy to only take limited financial risk in the projects, while still retaining significant upside at successful launches.
We have signed an agreement which gives us the opportunity to re-launch a historically very profitable game in a popular game series with a large and loyal fan base. We´re now investigating the best opportunities to finance the project and are in discussions with potential partners and look forward to be able to say more shortly. Additionally. we have recently signed a new development agreement with a larger game company with a contractual value of
CEO,
About the Company
This information is such information
Jumpgate AB Year End Report Q4 2023
https://news.cision.com/jumpgate-ab/r/year-end-report-and-report-for-the-fourth-quarter-for-january-1--2023-to-december-31--2023,c3933551
https://mb.cision.com/Main/14835/3933551/2621234.pdf
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