INTERIM REPORT FOR THE FINANCIAL YEAR 2020During the quarter, a new share issue of SEK 60 million was first carried out, after which the Company adjusted its plans according to the improved conditions and appointed 8 new strategic positions. Adventure Box, the leading social cloud gaming platform for user-created games, makes it easy and fun to make, share and play 3D games online.
QUARTER OCTOBER 1 - DECEMBER 31 IN SUMMARY
· The company's net sales during the quarter were SEK 18 thousand (SEK 30 thousand)
· Net profit amounted to SEK -9,170 thousand (SEK -6,427 thousand)
· Earnings / share was SEK -0.63 (SEK -0,72).
· Net cash flow before financial items was SEK -5,888 thousand (SEK -6,646 thousand)
· The company's cash and cash equivalents amounted to SEK 57,490 thousand (SEK 10,706 thousand) at the end of the quarter.
· The company's equity at the end of the quarter amounted to SEK 77,093 thousand (SEK 32,059 thousand).
· In the beginning of October, a share issue of 4,444,444 shares at a rate of SEK 13.50 was carried out. The capital injection of equity was SEK 60,0 million. The number of shares is 15,069,686 following upon the share issue.
· The company has recruited six positions according to plan, one of which is a Creative Director.
· During December the company showed increased user engagement with fewer users
· The company announced that they have appointed Pareto Securities as liquidity provider
PERIOD JANUARY 1 - DECEMBER 31 IN SUMMARY
· The company's net sales during the period were SEK 133 thousand (SEK 30 thousand)
· Net profit amounted to SEK -20,520 thousand (SEK -10,138 thousand)
· Net cash flow before financial items was SEK -21,390 thousand (SEK -14,139 thousand)
· In the beginning of April, a share issue of 1,412,231 shares at a rate of SEK 6.50 was carried out. The capital injection of equity was SEK 9.2 million. The number of shares is 10,625,242 following upon the share issue.
· The subsidiary Adventure Box Incentive AB was formed in June with the purpose of administering the group s incentive programs.
· In the beginning of October, a share issue of 4,444,444 shares at a rate of SEK 13.50 was carried out. The capital injection of equity was SEK 60,0 million. The number of shares is 15,069,686 following upon the share issue.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
· The company has recruited two positions according to plan, one of which is a full-time CFO.
The report is attached to this press release and is available via the following link: https://corp.adventurebox.com/en/investors/financial-reports/
This information is such that Adventure Box Technology AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. Information was provided through the above contact persons' publication for publication on 26 February 2021 at 8:00 CET. FOR MORE INFORMATION CONTACT:
Christopher Kingdon, CEO Adventure Box, +46 (0)73 051 1414,
[email protected], corp.adventurebox.com
The following documents can be retrieved from beQuoted
Press-release-Adventure-Box-Technologies-Interim-Report-2020.pdf
adventure-box-2020-q4-en.pdf ABOUT ADVENTURE BOX TECHNOLOGY AB
Adventure Box, the leading social cloud gaming platform for user-created games, makes it easy and fun to make, share and play 3D games online. The company's world-leading streaming technology is patent protected. Founded in Stockholm 2014, the company also has staff in Paris, Seville, Malta, Cobenhaben, and Kerala (India). Adventure Box is traded at Nasdaq First North Growth Market under the short name ADVBOX and ISIN code SE0012955276.
Redeye AB with email [email protected] and phone number +46 8 121 576 90 is the company's Certified Adviser.
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