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Zordix AB (publ) Interim report Q3 2022

MAR

Umeå, Sweden (November 23, 2022) – Zordix AB (Publ)’s (Nasdaq: ZORDIX B) Net revenue for the quarter amounted to MSEK 258.6, a substantial increase from the corresponding period in 2021 driven by the acquisition of Maximum Games that took place in Q4 2021. On a proforma basis, the growth is 1.1%. EBITDA came in at MSEK 18.9, which is below the corresponding period in 2021 on a like-for-like basis due to a strong comparison period and a slowdown in the retail segment.

SUMMARY JULY – SEPTEMBER 2022

  • Net revenue amounted to 258,551 KSEK (109,331 KSEK)
  • EBITDA amounted to 18,892 KSEK (16,805 KSEK)
  • EBIT amounted to -16,107 KSEK (4,815 KSEK)
  • Operational EBIT amounted to 12,690 KSEK (15,243 KSEK)
  • Cash flow from operating activities before the change in working capital amounted to 9,018 KSEK (10,526 KSEK)

HIGHLIGHTS DURING THE THIRD QUARTER

  • Modus Games and in-house studio Mane6 announced the original IP Them’s Fightin’ Herds on consoles
  • Announcement of key titles Afterimage and Teslagrad 2 and our own new IP, God of Rock during gamescom 2022
  • Modus Games in collaboration with Reply Game Studios launched the highly anticipated game Soulstice
  • Zordix evaluates the issuance of senior secured bonds
  • The release of the successful live service battle royale game, Super Animal Royale’s Season 5

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Modus Games and in-house studio Mane6 launched the original IP Them’s Fightin’ Herds on consoles on 18th October
  • Zordix announced the first-person co-op zombie shooter game Projekt Z

This report, together with previously published reports, is available on the Zordix webpage: https://zordix.com/ir/financial-reports/

For more information, please contact:

Christina Seelye, CEO
E-post: christina.seelye@zordix.com | Tel: +46 90 690 70 66

Peter Daboczi, CFO and Deputy CEO
E-post: peter.daboczi@zordix.com | Tel: +46 70 990 70 76

For more information regarding the company and investments, please contact ir@zordix.com.

Certified Adviser
Augment Partners AB, info@augment.se, tel +46 (0) 8 604 22 55, is Zordix AB (publ)'s Certified Adviser.

This information is information that Zordix is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-11-23 08:30 CET.

About Zordix

Zordix is a multinational development and publishing group dedicated to bringing the highest level of innovation, technology, and creative ambition to the global games market through its growing family of brands. The group currently consists of five studios and four publishers and leverages each entity’s unique capabilities and brand identity to deliver influential and entertaining content to gamers worldwide. Dimfrost Studio, Invictus, Mane6, Zordix Racing, and Modus Studios make up the Zordix development branch, while Maximum Games, Merge Games, Modus Games, and Just For Games publish both owned original IP and third-party content across consoles and PC. Headquartered in Umeå, Sweden, Zordix employs over 200 people across offices in the US, Latin America, Sweden, France, UK, and Hungary. Through strategic acquisitions, leveraging its massive global infrastructure, and perpetually seeking artistic and inspired games to bring to market, Zordix continues to scale with the expanding industry. 

For more information, visit www.zordix.com.

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ENG Quarterly Report Q3 2022 VF

Datum 2022-11-23, kl 08:30
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