Zordix AB (publ) Interim report Q3 2022

Umeå, Sweden (November 23, 2022) – Zordix AB (Publ)’s (Nasdaq: ZORDIX B) Net revenue for the quarter amounted to MSEK 258.6, a substantial increase from the corresponding period in 2021 driven by the acquisition of Maximum Games that took place in Q4 2021. On a proforma basis, the growth is 1.1%. EBITDA came in at MSEK 18.9, which is below the corresponding period in 2021 on a like-for-like basis due to a strong comparison period and a slowdown in the retail segment.

SUMMARY JULY – SEPTEMBER 2022

  • Net revenue amounted to 258,551 KSEK (109,331 KSEK)
  • EBITDA amounted to 18,892 KSEK (16,805 KSEK)
  • EBIT amounted to -16,107 KSEK (4,815 KSEK)
  • Operational EBIT amounted to 12,690 KSEK (15,243 KSEK)
  • Cash flow from operating activities before the change in working capital amounted to 9,018 KSEK (10,526 KSEK)

HIGHLIGHTS DURING THE THIRD QUARTER

  • Modus Games and in-house studio Mane6 announced the original IP Them’s Fightin’ Herds on consoles
  • Announcement of key titles Afterimage and Teslagrad 2 and our own new IP, God of Rock during gamescom 2022
  • Modus Games in collaboration with Reply Game Studios launched the highly anticipated game Soulstice
  • Zordix evaluates the issuance of senior secured bonds
  • The release of the successful live service battle royale game, Super Animal Royale’s Season 5

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Modus Games and in-house studio Mane6 launched the original IP Them’s Fightin’ Herds on consoles on 18th October
  • Zordix announced the first-person co-op zombie shooter game Projekt Z

This report, together with previously published reports, is available on the Zordix webpage: https://zordix.com/ir/financial-reports/

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