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/