- Net turnover in the period amounted to 57 102 TSEK (20 246 TSEK). Net turnover in the third quarter amounted to 17 968 TSEK (7 103 TSEK).
- Earnings before interest and taxes (EBIT) amounted to -6 660 TSEK (-13 805 TSEK). Earnings before interest and taxes (EBIT) in the third quarter amounted to -2 439 TSEK (-3 641 TSEK)
- The result after financial items amounted to -12 285 TSEK (-17 453 TSEK). The result after financial items in the third quarter amounted to -4 008 TSEK (-4 877 TSEK).
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The result per share amounted to
-0,027 SEK (-0,12 SEK ) in the period. The result per share in the third quarter amounted to-0,009 SEK (-0,034 SEK ).
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On
August 9 it was announced that share issues had been made to the sellers of Nukklear and Funatics for the parts of the respective considerations to be paid in equity. In total 39 775 118 new shares were issued and the registered share capital was increased with 1 095397,59 SEK .
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On
August 9 it was announced that gameXcite had received1,2 million Euro in financing from theGerman Federal Ministry for Transport and Digital Infrastructure ("BMVI") for Galactic Journeys. The budget of the game amounts to ca 26,7 MSEK (2,4 MEUR) of which half is attributable to the publisher Daedalic and half is attributable to the German grant programme for game development. The Development Budget will be paid out at achieved milestones during the project until launch. The game revenue will be distributed among the parties pursuant to a contractual allocation principle, givingJumpgate a significant upside.
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After the period on
October 3 , it was announced that gameXcite hand entered into a licensing agreement with Paramount Consumer Products for the use of Star Trek: The Next Generation, Star Trek:Deep Space Nine and Star Trek: Voyager for a coming PC- and console game.
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After the period on
October 5 , it was announced that Asterix & Obelix: Heroes, a multi-platform card collector game with roleplaying game mechanics developed by gameXcite and published byNACON had been released globally for Playstation 4 & 5, Xbox, Nintendo Switch and PC.
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After the period on
November 16 , it was announced thatHorse Village : Wildshade had been soft launched for iOS and Android. The game is externally developed and published byTivola Games .
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After the period on
November 16 , it was announced thatAnimal Hospital had been released for Playstation 4 & 5, Xbox, PC and Nintendo Switch. The game has been developed byTivola Games and published byNACON .
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After the period on
November 16 , it was announced that Wildshade: Unicorn Champions had been released for Playstation 4 & 5, Xbox and PC. The game has been developed byTivola Games and published byNACON .
The "Company" or "Jumpgate" means
Comment to the Interim Report
Worldclass IP and financing in place for Galactic Journey
The big highlight during the autumn is that we now have the right to use Star Trek, a world class IP for Jumpgate´s largest initiative so far, gameXcite´s coming PC and console game with the working title Galactic Journey. It was a great pleasure to finally announce the license deal with
With this, we validate our strategy to move towards larger projects applying this very attractive model. We follow up with three additional internally developed projects, where we´re discussing potential collaborations with publishers. One of the projects is Battle Castles, for which Funatics has already received a public grant to develop a prototype for the game.
Significantly increased turnover also in the third quarter and notably improved results
The significant increase in turnover compared with the previous year, mainly attributable to the acquisition of Nukklear, continues also in the third quarter. Earnings before interest and taxes in the period improved with ca 33 % compared with the previous year while the result after financial items improved with ca 18 %. Also compared with the previous quarter the result is notably improved with ca 29 % improved earnings before interest and taxes and ca 35 % improved result after financial items.
The releases of the Autumn are being executed
After the successful launch of Cat Rescue Story for mobile, with more than one million downloads and very high rating on
Still demanding market conditions is a challenge for business development
Besides the positive news regarding Galactic Journey/Star Trek, a lot of focus is on signing one or two additional larger game projects. The business situation in the gaming market is demanding, with leading publishers to a large extent cancelling or postponing game projects. This has led to longer time than normal needed to close new deals and has made us unable to sign expected new development agreements in the period. Despite this, we have a strong business development pipeline and a positive view towards adding additional externally financed game projects to the portfolio.
Continued focus on profitable growth and decreasing the debt
With the third quarter we have taken a significant step towards profitability, which is pleasing, and we have also strengthened the balance sheet by paying 12 MSEK in obligations to the sellers of Nukklear and Funatics by directed share issues. At the same time, it is disappointing not to have reached a positive EBIT. We continue to work purposefully with increasing the revenue, mainly by adding additional larger game projects with external financing, while being diligent on costs. The key acquisition Nukklear continues to perform, which is central for us to be able to deliver profitable growth to our shareholders and continue to reduce the debt of the company.
VD,
About the Company
The group develops and publishes its own games and develop games and other digital products for other external companies. The companies of the group have established collaborations with strong industry partners and exciting product portfolios with large potential. The group is active on the global market, distributes its games on a worldwide basis and has an extensive international network. För mer information se: www.jumpgategames.se
This information is information that
https://news.cision.com/jumpgate-ab/r/interim-report-for-january-1--2023-to-september-30--2023,c3876961
https://mb.cision.com/Main/14835/3876961/2434474.pdf
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