Comment from CEO Henrik Nel Jerkrot:
"The first quarter of 2023 has been a continued strong quarter for MindArk where we reach a revenue record for the Q1 period for the third year in a row. Although some of the company's resources are committed to the work on the graphics engine migration, user activity in Entropia Universe has increased by 15%. This speaks to our team's ability to create exciting content for our users that keeps them engaged. The company remains well-capitalized at the end of the period and enters Q2 with a strong balance sheet."
Reporting period
The report covers the period
Group figures. Comparative figures in parentheses refer to the same period last year.
- Turnover amounted to 26.5 MSEK (21.9 MSEK).
- Work in progress amounted to 7.7 MSEK (6 MSEK).
- Operating profit amounted to 4.2 MSEK (4.7 MSEK).
- Profit before tax amounted to 4.5 MSEK (3 MSEK).
- Cash & cash equivalents including short-term investments 37.1 MSEK.
- No interest-bearing liabilities.
- Provision for unspent user funds 47.4 MSEK.
Significant events during Q1
- Insurance compensation of
4.75 million SEK related to the dispute withDavid Storey paidJanuary 2023 . -
The company performed a 1:5 reverse split in
January 2023 , resulting in a change in the number of outstanding shares from 157,623,125 to 31,524,625. -
Listing on
Spotlight Stock Market onJanuary 27, 2023 .
Significant events after the end of the reporting period
- The company's employee foundation has acquired 82,883 MindArk shares.
- A new board was elected at the company's annual general meeting.
-
MindArk appoints
Pareto Securities as liquidity provider for the Company's share.
Financial reports
The Company's financial statements, including the forthcoming report, are available on the Company's website, www.mindark.se/investor-relations/financial-reports/. It is available in a Swedish and an English version.
Financial calendar
Interim report Q2 2023 August 28, 2023
Interim report Q3 2023 October 25, 2023
This disclosure contains information that
For more information, please contact
Henrik Nel Jerkrot
CEO,
hennel@mindark.com
Tel: 031 607 260
About MindArk
https://news.cision.com/mindark-pe-ab/r/mindark-interim-report-q1-2023,c3774136
https://mb.cision.com/Main/22102/3774136/2081456.pdf
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