REPORTING PERIOD JANUARY - DECEMBER 2023
- Revenues 8,841.6 KEUR (7,247.9 KEUR).
- EBITDA: -1,716.6 KEUR (-2,799.8 KEUR).
- EBIT: -3,024.8 KEUR (-3,621.3 KEUR).
- Net result: -3,283.1 KEUR (-3,707.6 KEUR).
- Earnings per share (EPS) -0.19 (-0.29).
- Cash and cash equivalents: 3,825.8 KEUR and 1,199.7 KEUR of short-term receivables (31 December 2023).
(All figures are presented in accordance with IFRS and, unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year.)
OCTOBER - DECEMBER 2023
- Revenues 2,894.7 KEUR (2,312.9 KEUR).
- EBITDA: 786.2 KEUR (-355.5 KEUR).
- EBIT: 352.5 KEUR (-569.3 KEUR).
- Net result: 302.3 KEUR (-613.5 KEUR).
- Earnings per share (EPS) 0,01 (-0,05).
(All figures are presented in accordance with IFRS and, unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year.)
SIGNIFICANT EVENTS DURING OCTOBER- DECEMBER 2023
- Resolutions of
Nitro Games Oyj's Extraordinary General Meeting; the board of directors resolved to establish stock option plan 2023. -
Signed approx.
9 million EUR agreement with Netflix. -
Changed liquidity provider to
Carnegie Invest Bank AB .
SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD
- Appointed
Jussi Immonen as Chief Commercial Officer (CCO). - Expected revenue increase and a positive result for Q4 / 2023.
-
Signed approx.
3.5 million EUR expansion to the development agreement with Digital Extremes. - Signed publishing agreement for Autogun Heroes with Supersonic from Unity.
Report highlights
"We ended the year with yet another record quarter. Our revenues reached a new high of
Overall, the year 2023 was eventful - both for us and for the gaming industry. I am happy with how we eventually navigated through the year and reached many concrete wins resulting in a profitable quarter at the end of the year. I am proud of this milestone and would like to thank all our employees, partners, and shareholders for their continued support throughout the years. I look forward to a great year ahead as we are seeking stable growth."
Jussi Tähtinen
CEO of Nitro Games
Webcast with Teleconference, Q4 / 2023
The Company will do a presentation after the release of the report. Participants can join this presentation via a Webcast. Participants can send questions to the presenters via email below.
Details of event:https://financialhearings.com/event/46660
Language:English
Activity:Webcast
Webcast: https://ir.financialhearings.com/nitro-games-q4-report-2023
Questions via email: info@nitrogames.com
For more information:
Jussi Tähtinen, CEO & Co-Founder
Phone: +358 44 388 1071
Email: jussi@nitrogames.com
This company announcement contains information that
www.nitrogames.com
Finnish Business ID: FI21348196
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