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ENG Max Ent Interim Report Q2
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Sällanköp |
| Industri | Gaming |
Stockholm, Sweden (August 16, 2023) – Maximum Entertainment (Nasdaq: MAXENT B) Net revenue for the quarter amounted to MSEK 272.8, an increase of 18% compared to the corresponding period in 2022. Smalland: Survive the Wilds was released over Early Access at the tail end of Q1 with the revenue impact for the launch benefiting our Q2 numbers. Bramble: The Mountain King is an additional original and owned IP title launched in the quarter. Gross margin as a percentage of revenue is 28%.
EBITDA is up 7% from last year representing 8.3% of Net Sales compared to 9.2% for the same period in 2022.
SUMMARY APRIL - JUNE 2023
- Net revenue amounted to MSEK 272.8 (MSEK 230.5 in Q2 2022)
- EBITDA amounted to MSEK 22.7 (MSEK 21.2 in Q2 2022)
- EBIT amounted to MSEK -17.7 (MSEK -10.2 Q2 2022)
- Operational EBIT amounted to MSEK 11.8 (MSEK 16.8 in Q2 2022)
- Cash flow from operating activities before the change in working capital amounted to MSEK -17.0 (MSEK -22.3 in Q2 2022)
HIGHLIGHTS DURING THE SECOND QUARTER
- CEO, Chairman of the Board, and Institutional Investors acquired a significant shareholder position.
- Maximum Entertainment launched Afterimage and released its owned IP, Bramble: The Mountain King.
- The Board resolved two directed issues as partial payments to the Sellers of Maximum Games and Just For Games, which were approved at the AGM together with the previously resolved earn-out for Merge Games.
- Three new members were elected to the Board of Directors, bringing new expertise to the Board.
- Smalland: Survive the Wilds reached 200,000 units sold on Steam in Early Access.
- Deborah Bellangé was appointed Group CFO. Acting CFO, Thierry Bonnefoi is appointed Group COO.
HIGHLIGHTS AFTER THE SECOND QUARTER
- Additional content for Super Animal Royale and Smalland: Survive the Wilds are announced.
- The Company is officially renamed Maximum Entertainment AB, with a new ticker symbol MAXENT B.
This report, together with previously published reports, is available on the Maximum Entertainment webpage: https://maximument.com/investor-relations/