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Beskrivning
Land | Danmark |
---|---|
Lista | OAX Equities |
Sektor | Sällanköp |
Industri | Gaming |
2023-12-01 08:30:00
It was a proud moment when we released the Q3 results two weeks ago. I took
pride not only in the financial performance that we were able to report, but
also in the strength of the foundations on which 5th Planet is now established
and which were clear to see from the report.
To re-iterate some of the key financial highlights again here:
o Revenue - Increased by 75% from Q3 2022
o Gross profit - increased by 72% from Q3 2022
o EBITDA - increased by 258% from Q3 2022
o Cash flow - positive DKK 2.6M in Q3 compared to negative DKK 12.8M in Q3 2022
o Cash position - increased from DKK 41.0M on 30th Sept 2022 to DKK 49.8M as at
30th Sept 2023
The operating costs of the business have been broadly consistent year on year,
so our improved profitability has resulted directly from the growth in revenues
that we have seen over the last 12 months. With a diversified portfolio of games
and our investment in Sagafilm we have also taken bold steps to mitigate the
inherent risks associated with our core business, games publishing.
November also saw the eagerly awaited release of Invincible Presents: Atom Eve,
the very first video game released in the Invincible universe. The game has been
receiving strong reviews with a Metacritic currently standing at 79. The
Invincible TV show continues to receive acclaim around the world, with Season 2
currently holding a 100% rating on Rotten Tomatoes.
As 2023 draws to a close, obviously I am focused on finishing the year as
strongly as possible, delivering the financial results that we have previously
announced (and reiterated in our Q3 report), and we are well progressed in
planning activity and initiatives for 2024