MAG Interactive AB Reports Earnings Results for the Second Quarter and Six Months Ended February 28, 2022
April 06, 2022 at 02:00 am EDT
Share
MAG Interactive AB (publ) reported earnings results for the second quarter and six months ended February 28, 2022. For the second quarter, the company reported sales was SEK 84.5 million compared to SEK 80.67 million a year ago. Revenue was SEK 85.27 million compared to SEK 81.33 million a year ago. Net income was SEK 7.79 million compared to net loss of SEK 2 million a year ago. Basic earnings per share from continuing operations was SEK 0.29 compared to basic loss per share from continuing operations of SEK 0.08 a year ago. Diluted earnings per share from continuing operations was SEK 0.28.
For the six months, sales was SEK 163.95 million compared to SEK 153.76 million a year ago. Revenue was SEK 166.13 million compared to SEK 155.26 million a year ago. Net income was SEK 11.49 million compared to net loss of SEK 2.18 million a year ago. Basic earnings per share from continuing operations was SEK 0.43 compared to basic loss per share from continuing operations of SEK 0.08 a year ago. Diluted earnings per share from continuing operations was SEK 0.41 compared to diluted loss per share from continuing operations of SEK 0.08 a year ago.
MAG Interactive AB (publ) is a Sweden-based developer and publisher of mobile games. The Company offers free-to-play games, in which the players make in application purchases of virtual items or gameplay benefits. The Companyâs portfolio comprises word games, a puzzle game and trivia games; it includes Ruzzle, Ruzzle Adventure, WordBrain, WordBrain 2, Wordalot, Potion Pop, QuizDuel, Pixduel, QuizCross and Backpacker. The games are distributed through virtual stores, such as Google Play and App Store, for operating systems Android and iOS respectively. The Company operates FEO Media AB as subsidiary.
MAG INTERACTIVE AB 
