MAG Interactive AB Reports Earnings Results for the Second Quarter and Six Months Ended February 28, 2023
March 29, 2023 at 02:00 am EDT
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MAG Interactive AB (publ) reported earnings results for the second quarter and six months ended February 28, 2023. For the second quarter, the company reported sales was SEK 104.26 million compared to SEK 84.5 million a year ago. Revenue was SEK 104.51 million compared to SEK 85.27 million a year ago. Net loss was SEK 3.09 million compared to net income of SEK 7.79 million a year ago. Basic loss per share from continuing operations was SEK 0.12 compared to basic earnings per share from continuing operations of SEK 0.29 a year ago.
For the six months, sales was SEK 212.73 million compared to SEK 163.95 million a year ago. Revenue was SEK 214.04 million compared to SEK 166.13 million a year ago. Net loss was SEK 14.32 million compared to net income of SEK 11.49 million a year ago. Basic loss per share from continuing operations was SEK 0.54 compared to basic earnings per share from continuing operations of SEK 0.43 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 
