Comment from CEO Henrik Nel Jerkrot:
"During the second quarter of 2023, we increased our turnover by 28% compared to the same period last year, while also having executed an internal reorganization within the company. However, the reorganization involves a reservation of a one-time cost of
Reporting period
The report covers the period
April 1 - June 30, 2023
Group figures. Comparative figures in parentheses refer to the same period last year.
- Turnover amounted to 26.3 MSEK (20.5 MSEK).
- Work in progress amounted to 7.6 MSEK (6.5 MSEK).
- Impact of restructuring costs on profit - 14 MSEK (0 MSEK).
- Operating profit amounted to -11.5 MSEK* (2.8 MSEK).
- Profit before tax amounted to -13.6 MSEK (1.9 MSEK).
- Cash & cash equivalents including short-term investments 33.3 MSEK.
- No interest-bearing liabilities.
- Provision for unspent user funds 50.1 MSEK.
January 1 - June 30, 2023
Group figures. Comparative figures in parentheses refer to the same period last year.
- Turnover amounted to 52.8 MSEK (42.3 MSEK).
- Work in progress amounted to 15.3 MSEK (12.5 MSEK).
- Impact of restructuring costs on profit -14 MSEK (0 MSEK).
- Operating profit amounted to -7.3 MSEK* (7.6 MSEK).
- Profit before tax amounted to -9.2 MSEK (1.1 MSEK).
- Cash & cash equivalents including short-term investments 33.3 MSEK.
- No interest-bearing liabilities.
- Provision for unspent user funds 50.1 MSEK.
* As of the end of June, approximately
Significant events during Q2- MindArk appoints
Pareto Securities as liquidity provider for the Company's shares. -
The company's AGM was held on
May 5, 2023 and a new board was elected. -
MindArk reorganizes and implements AI initiative. Approximately
14 million SEK has been reserved for restructuring costs as of the end of June, mainly relating to salaries and severance pay.
Significant events after the end of the reporting period- The company announced changes in the management team as part of the reorganization.
Magnus Eriksson resigns as COO.
Financial reports
- The company announced changes in the management team as part of the reorganization.
Magnus Eriksson resigns as COO.
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.
Auditor
This financial statement has been reviewed by the Company's auditor.
Financial calendar
Interim report Q3 2023
Interim report Q4 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-q2-2023,c3824569
https://mb.cision.com/Main/22102/3824569/2254727.pdf
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