공시 • Jul 22
An undisclosed buyer entered into a binding agreement to acquire 51% stake in Adventure Box Technology AB (publ) (OM:ADVBOX). An undisclosed buyer entered into a binding agreement to acquire 51% stake in Adventure Box Technology AB (publ) (OM:ADVBOX) on July 21, 2025. Under the terms of the agreement, the investor consortium will acquire 51% of the shares in Adventure Box Technologies AB. This strategic transaction marks a significant milestone for the company and is expected to bring new resources, strategic insight, and long-term commitment to the future development of Adventure Box. Details regarding the transaction, including the identity of the investors and the terms of the agreement, will be communicated in the near future through a subsequent announcement. 공시 • Apr 19
Adventure Box Technology AB (publ), Annual General Meeting, Jun 30, 2025 Adventure Box Technology AB (publ), Annual General Meeting, Jun 30, 2025. 공시 • Feb 19
Adventure Box Technology AB (publ) (OM:ADVBOX) agreed to acquire RWB Smart Solutions Inc. for $18 million. enture Box Technology AB (publ) (OM:ADVBOX) entered into a non-binding letter of intent to acquire RWB Smart Solutions Inc. for $18 million on February 18, 2025. A cash consideration of $18 million will be paid by Adventure Box Technology AB (publ). As part of consideration, $18 million is paid towards common equity of RWB Smart Solutions Inc. Under the terms of the agreement, Adventure Box will assume full ownership of RWB, including all associated products, assets, and intellectual property. Following the completion of the acquisition, Adventure Box will integrate RWB's operations into its existing global framework.
For the period ending December 31, 2024, RWB Smart Solutions Inc. reported total revenue of approximately $20 million and EBITDA of approximately $10 million.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer board, consummation of due diligence investigation and obtaining financing. The expected completion of the transaction is in early second quarter of 2025. 공시 • Feb 06
Adventure Box Technology AB (publ) (OM:ADVBOX) signed a letter of intent to acquire Blok Sports, LLC and 51% of Sparx Technologies for $12 million. Adventure Box Technology AB (publ) (OM:ADVBOX) signed a letter of intent to acquire Blok Sports, LLC and 51% of Sparx Technologies for $12 million on February 5, 2025. The consideration consists of common equity of Adventure Box Technology AB (publ) having a value of $12 million to be issued for common equity of Blok Sports, LLC and 51% of Sparx Technologies. 공시 • Dec 30
Adventure Box Technology AB (Publ) Announces Board Changes Adventure Box Technology AB (publ) announced that at its EGM held on December 30, 2024, shareholders announced Duncan McIntyre and Michal Bendtsen were elected as new board members, while Staffan Eklöw and Örjan Frid resigned. New Risk • Jun 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr8.8m free cash flow). Share price has been highly volatile over the past 3 months (181% average daily change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m (kr2.7m revenue, or US$251k). Market cap is less than US$10m (€1.16m market cap, or US$1.24m). New Risk • Jun 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 41% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (183% average daily change). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (kr4.3m revenue, or US$406k). Market cap is less than US$10m (€1.39m market cap, or US$1.49m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (41% increase in shares outstanding). New Risk • Jun 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (183% average daily change). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (kr4.3m revenue, or US$407k). Market cap is less than US$10m (€1.10m market cap, or US$1.18m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). 공시 • Jun 10
Adventure Box Technology AB (publ) (OM:ADVBOX) signed a letter of intent to acquire Lion Gaming Group Inc. Adventure Box Technology AB (publ) (OM:ADVBOX) signed a letter of intent to acquire Lion Gaming Group Inc. for SEK 480 million on June 10, 2024. The consideration consists of purchase price of approximately SEK 475 million which will be paid with newly issued shares in Adventure Box. The parties will now enter into negotiations on a definitive share purchase agreement and the target is to finalize the acquisition is subject to consummation of due diligence investigation and in the second half of 2024. Reported Earnings • Aug 27
Second quarter 2023 earnings released: kr0.099 loss per share (vs kr0.13 loss in 2Q 2022) Second quarter 2023 results: kr0.099 loss per share. Revenue: kr1.03m (up 4.4% from 2Q 2022). Net loss: kr2.99m (loss widened 56% from 2Q 2022). Reported Earnings • May 28
First quarter 2023 earnings released: kr0.15 loss per share (vs kr0.20 loss in 1Q 2022) First quarter 2023 results: kr0.15 loss per share. Revenue: kr685.0k (down 16% from 1Q 2022). Net loss: kr4.49m (loss widened 51% from 1Q 2022). 공시 • May 26
Adventure Box Technology AB (publ) to Report Fiscal Year 2023 Results on Feb 29, 2024 Adventure Box Technology AB (publ) announced that they will report fiscal year 2023 results on Feb 29, 2024 Reported Earnings • Mar 06
Full year 2022 earnings released: kr1.65 loss per share (vs kr3.00 loss in FY 2021) Full year 2022 results: kr1.65 loss per share (improved from kr3.00 loss in FY 2021). Revenue: kr4.00m (down 2.6% from FY 2021). Net loss: kr24.9m (loss narrowed 45% from FY 2021). Reported Earnings • Nov 25
Third quarter 2022 earnings released: kr0.18 loss per share (vs kr0.30 loss in 3Q 2021) Third quarter 2022 results: kr0.18 loss per share (improved from kr0.30 loss in 3Q 2021). Revenue: kr710.0k (down 16% from 3Q 2021). Net loss: kr2.79m (loss narrowed 39% from 3Q 2021). 공시 • Oct 01
Adventure Box Technology AB (publ) Elects Jakob Sillesen as Member of the Board of Directors Adventure Box Technology AB (publ) announced general meeting resolved that the number of Board members shall be six and on new election of Jakob Sillesen as member of the Board of Directors for the period until the end of the next Annual General Meeting. For the period until the end of the next Annual General Meeting, the Board of Directors will consist of Örjan Frid (Chairman), Staffan Eklöw, Claes Kalborg, Jason Williams, Rikard Herlitz and Jakob Sillesen. Reported Earnings • Aug 27
Second quarter 2022 earnings released: kr0.13 loss per share (vs kr0.31 loss in 2Q 2021) Second quarter 2022 results: kr0.13 loss per share (up from kr0.31 loss in 2Q 2021). Revenue: kr1.13m (down 26% from 2Q 2021). Net loss: kr1.92m (loss narrowed 59% from 2Q 2021). 공시 • Jun 15
Adventure Box Technology AB (publ) Announces Patent Application Approval in Japan Adventure Box's patent application for the "Method for three-dimensional voxel-based modeling" patent has now been approved in Japan. The Japanese Patent Office has granted approval for Adventure Box application no. 2017566222 "Method for three-dimensional voxel-based modeling". The patent refers, in simplified terms, to how games or programs can be created through 3D environments with voxels in a browser. The patent has also been approved in the USA since 2018 and is being processed in the EU. The patent refers to, among other things, 3D modeling of voxel data and refers to computer gaming but is not limited to that area of application and can be considered quite comprehensive. Reported Earnings • May 26
First quarter 2022 earnings released: kr0.20 loss per share (vs kr0.39 loss in 1Q 2021) First quarter 2022 results: kr0.20 loss per share (up from kr0.39 loss in 1Q 2021). Revenue: kr970.0k (down 20% from 1Q 2021). Net loss: kr2.98m (loss narrowed 49% from 1Q 2021). Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr3.00 loss per share (down from kr1.84 loss in FY 2020). Revenue: kr4.64m (up 11% from FY 2020). Net loss: kr45.2m (loss widened 120% from FY 2020). Revenue missed analyst estimates by 41%. Over the next year, revenue is forecast to grow 146%, compared to a 340% growth forecast for the industry in Germany. Board Change • Dec 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Staffan Eklow is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 03
Co-Founder & Director Christopher Kingdon has left the company During their tenure, earnings grew by 209% annually compared to the industry average of 32%. As of September 2021, Christopher still personally held 906.49k shares (€544k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Nov 27
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: kr0.30 loss per share (up from kr0.38 loss in 3Q 2020). Net loss: kr4.57m (loss widened 12% from 3Q 2020). Revenue missed analyst estimates by 52%. Over the next year, revenue is forecast to grow 91%, compared to a 306% growth forecast for the industry in Germany. Reported Earnings • Aug 27
Second quarter 2021 earnings released: kr0.31 loss per share (vs kr0.31 loss in 2Q 2020) Second quarter 2021 results: Net loss: kr4.72m (loss widened 48% from 2Q 2020). Reported Earnings • May 29
First quarter 2021 earnings released: kr0.39 loss per share (vs kr0.45 loss in 1Q 2020) First quarter 2021 results: Net loss: kr5.89m (loss widened 44% from 1Q 2020). Reported Earnings • Apr 26
Full year 2020 earnings released: kr1.84 loss per share (vs kr0.66 loss in FY 2019) Full year 2020 results: Net loss: kr20.5m (loss widened 378% from FY 2019). Executive Departure • Apr 21
Chief Financial Officer has left the company On the 20th of April, Hans Richter's tenure in the role of Chief Financial Officer ended. We don't have any record of a personal shareholding under Hans' name. A total of 3 executives have left over the last 12 months. 공시 • Jan 22
Adventure Box Technology AB (Publ) Announces Executive Changes Adventure Box Technology AB (publ) welcomes Sofia Nilsson as new Chief Financial Officer. Sofia leaves her current position as VP GROW and Head of Accounting at Nordic Insource Solutions AB and will begin her new role on April 20, 2021, replacing the current CFO Hans Richter. Sofia has several years of experience working in leading economy roles including as VP GROW and Head of Accounting at Nordic Insource Solutions AB and as Head of Group Control at Lernia. As CFO, Sofia will be part of the management team. The current CFO Hans Richter will stay on during a transition phase.