QUARTERLY REPORT THIRD QUARTER 2023SECURING A STRONG FINANCIAL FOUNDATION AMIDST ECONOMIC UNCERTAINTIES
As we progress through 2023, our team remains committed to refining and improving the rewarded advertisement features on our platform. This development is a key part of our strategy to enhance user engagement and satisfaction. However, we acknowledge the challenges faced due to the slowdown in the advertisement market, particularly in the latter half of the year. Despite these external economic factors, we are dedicated to adapting and optimising our approach to ensure that our platform conti- nues to thrive and deliver value to both users and advertisers.
To address this, we are diligently working on securing the necessary funding to ensure the robust deve- lopment and expansion of Adventure Box Technology ab. Our goal is to fortify our financial foundation, enabling us to thrive and innovate. QUARTER JULY 1 - SEPTEMBER 30 IN SUMMARY
- The group's net sales during the quarter reached SEK 661 thousand (SEK 0 thousand).
- Net income amounted to SEK -2,623 thousand (SEK -2,786 thousand) or SEK -0.09 (SEK -0.18) per share before dilution.
- Net cash flow before financial items amounted to SEK -2,177 thousand (SEK -3,739 thousand)
- The group's cash and cash equivalents at the end of the quarter amounted to SEK 3,000 thousand (SEK 14,374 thousand).
- The group's equity amounted to SEK 18,482 thousand (SEK 24,280 thousand) at the end of the quarter.
PERIOD JANUARY 1 - SEPTEMBER 30 IN SUMMARY
- The group's net sales during the period reached SEK 1,811 thousand (SEK 0 thousand).
- Net income amounted to SEK -10,104 thousand (SEK -7,687 thousand) or SEK -0.34 (SEK -0.51) per share before dilution.
- Net cash flow before financial items amounted to SEK -8,127 thousand (SEK -14,440 thousand)
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
Continued development of the gaming platform KoGaMa with a focus on new social functions, mobile compatibility, and revenue generation
The report is attached to this press release and is available via the following link:https://corp.adventurebox.com/en/investors/financial-reports/
FOR MORE INFORMATION CONTACT:
Michal Bendtsen, CEO
Adventure Box Technology AB
+45 (0)26 355 377
[email protected]
The following documents can be retrieved from beQuoted
ADV-Q323-EN-v4.pdf ABOUT ADVENTURE BOX TECHNOLOGY AB
Adventure Box Technology offers KoGaMa, an online game maker platform that offers user-friendly tools for creating and sharing unique gaming experiences. With its innovative Multiplayer editor and thriving user-to-user marketplace, KoGaMa empowers users to collaborate, create, and customize content within a dynamic social metaverse. The company's world-leading streaming technology is patent protected. Founded in Stockholm in 2014, the company now also has staff in Seville, Copenhagen, and Madrid. Adventure Box is traded on the Nasdaq First North Growth Market under the short name ADVBOX and ISIN code SE0012955276. Aktieinvest FK AB with e-mail [email protected] and phone number +46 739 49 62 50 is the company's Certified Adviser.
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