Announcement • Jun 10
Maximum Entertainment AB, Annual General Meeting, Jul 16, 2026 Maximum Entertainment AB, Annual General Meeting, Jul 16, 2026. Announcement • Jun 09
Maximum Entertainment AB Announces Resignation of Bob Blake from Board Member, Effective June 10, 2026 Maximum Entertainment AB announced that Bob Blake notified the board of directors of his intention to resign, at his own request, as board member of the company as of June 10, 2026. Announcement • Jun 12
Maximum Entertainment AB Approves Board Elections Maximum Entertainment AB at its AGM held on June 11, 2025 approved election of Bob Blake, Mark Blecher and Philippe Cohen as ordinary members of the Board of Directors until the end of the next Annual General Meeting and Jan Benjaminsson was elected Chairman of the Board and Bob Blake was elected Vice Chairman of the Board. Announcement • Jun 09
Maximum Entertainment AB Announces That Chairman of the Board Torgny Hellström Will Not Be Standing for Re-Election Maximum Entertainment AB announced that Following the notification to the Board and the Nomination Committee earlier June 8, 2025 that Chairman of the Board Torgny Hellström will not be standing for re-election, the Nomination Committee has prepared a revised proposal regarding the election of board members and remuneration ahead of the 2025 Annual General Meeting. Announcement • Jun 05
Maximum Entertainment Announces Launch of Maximum Football 1.0 Version on June 17, 2025, Debuting on Playstation 5 Maximum Entertainment AB announced that Maximum Football's 1.0 version will release on its current platforms, PC and Xbox, on June 17, 2025, along with a debut on PlayStation 5. The launch of the 1.0 version marks a significant milestone for the company, emphasizing their commitment to delivering a community-driven, high-quality football experience. The game has been developed with player feedback guiding its evolution, leading to the introduction of major new features such as Local Multiplayer and Coach Mode, which enhance the game's depth and playability. The announcement also highlights the excitement of inviting more players to join the game and shaping the future of football gaming together. Announcement • Apr 14
Maximum Entertainment AB, Annual General Meeting, Jun 11, 2025 Maximum Entertainment AB, Annual General Meeting, Jun 11, 2025. Announcement • Apr 01
Maximum Entertainment AB's Subsidiary Maximum Entertainment, LLC Receives Notice of Default Under its Loan Agreements with Cathay Bank Maximum Entertainment AB announced that the company's US subsidiary Maximum Entertainment, LLC has received a notice of default and demand of payment in full of its credits with Cathay Bank of not less than USD 5,547,801 and no later than on April 10, 2025. As announced on November 27, 2024, Maximum Entertainment has been negotiating its credit engagements with its lenders. One of the lenders, Cathay Bank, has now ceased negotiations and formally declared Maximum Entertainment, LLC in the US in default of its credits in the bank demanding payment of the full outstanding amount of not less than USD 5,547,801 including fees and late charges. Maximum Entertainment, LLC has been granted a cure period until April 10, 2025 to repay the amount to Cathay Bank. The default notice applies to Maximum Entertainment, LLC, a subsidiary of MG1 Acquisition Corp. Maximum Entertainment, LLC is the parent company of Maximum Entertainment UK Ltd. (UK), Maximum Entertainment Ireland Ltd. (Ireland), Modus Games, LLC (USA), Maximum Entertainment Brazil Ltda (Brazil), Maximum Entertainment SRL (Romania) and Maximum Games GmbH (Germany). Subsidiaries held directly by Maximum Entertainment AB are at this stage not affected. These subsidiaries are Maximum Entertainment Sweden AB, Merge Games Ltd. (UK), Maximum Entertainment France SAS (France), Maximum Entertainment Hungary Kft (Hungary) and MG1 Acquisition Corp. (USA). Maximum Entertainment, LLC is not in a financial position to proceed with payment at this time and the Group is seeking to find a solution to the situation. Announcement • Mar 21
Maximum Entertainment AB Announces CFO Changes, Effective April 1, 2025 Maximum Entertainment AB has appointed Henrik Resmark as Chief Financial Officer and member of the Executive Management Team with effect from 1 April, 2025. Henrik brings more than 30 years of experience in financial leadership, most recently as CFO of QleanAir AB listed on Nasdaq First North Premier Growth Market. In addition to his executive experience, Henrik has held key roles in corporate finance, financial analysis, and group controlling at well-established firms. From 1 April, 2025, the Executive Management Team of Maximum Entertainment will consist of: Philippe Cohen, CEO; Henrik Resmark, CFO; Ludvig Lindberg, Deputy CEO & Head of People. Current CFO, Deborah Bellangé will remain with the company during a transitional period. Announcement • Dec 19
Maximum Entertainment Announces Changes in the Executive Management Team Maximum Entertainment has decided to terminate the employment of Thierry Bonnefoi, Chief Operating Officer and part of the Executive Management Team since 2023, with immediate effect. The company has decided to extend its Executive Management Team by including Shane Bierwith as Head of Publishing, and Bruce Hayles as Head of Product & Studio. Shane Bierwith has served as Head of Publishing for Maximum Entertainment since January 2024 and has over 20 years of experience from the gaming industry. Bruce Hayles has served Head of Studio since January 2024 and holds over 15 years of experience from game development, studio and product management. As part of this change, Bruce Hayles will also assume responsibility of the Group’s Publishing production. Announcement • Dec 06
Maximum Entertainment AB Launches Open-World, Co-Op City Builder Overthrown into Steam Early Access Maximum Entertainment AB launched open-world, co-op city builder Overthrown into Steam Early Access, in Xbox Game Pass, and available day one with Game Pass for console, PC and cloud. Overthrown invites players to hurl anything and everything - from houses and trees to your very own citizens - to create the kingdom of their wildest dreams in a chaotic, fast-paced race to rule. Announcement • Dec 04
Maximum Entertainment AB Launches Co-Op Fight Game Diesel Legacy: the Brazen Age maximum Entertainment AB launched co-op fighting game Diesel Legacy: The Brazen Age across PC, PlayStation 5, Xbox Series X|S and Nintendo Switch. Built from the ground up by veteran fighting game experts, this fresh take on the genre sees players engaging in 2v2 matches within a unique 3-lane system against a gorgeous Dieselpunk backdrop. Announcement • Nov 22
Maximum Entertainment AB Announces Open-World City Builder Overthrown Launches into Early Access on December 5 Maximum Entertainment AB announced open-world city builder Overthrown will launch into Steam Early Access, in Xbox Game Preview, and with Game Pass for console, PC and cloud on December 5. Coming off a successful Steam Next Fest demo last month, where the game hit the top 40 most played games list during the festival, Overthrown will launch with new buildings, beautiful fall and winter foliage, and military structures. Overthrown will launch December 5 into Steam Early Access, in Xbox Game Preview, and with Xbox Game Pass, and will later release into 1.0 across Xbox Series X|S, PC, and PlayStation 5. Announcement • Oct 13
Maximum Entertainment Brings Overthrown and Spirit of the North 2 to Steam Next Fest Maximum Entertainment AB announced that a brand-new demo for open-world city builder Overthrown will be part of Steam Next Fest along with the highly- anticipated, emotional puzzle-platform adventure Spirit of the North 2. In Overthrown, players can pick up and throw anything from houses and massive trees to other players in order to construct their land and rule their kingdom. They will get to build and manage either alone or with friends in up to six-player co-op. The upcoming demo on Steam, available beginning October 14th, will allow co-op play for the very first time. New structures such as the powder mill, ale house, blast furnace, and butchery will be present, as well as diverse player outfits and enemy types. Overthrown is launching this fall into Steam Early Access and Game Preview for Xbox and PC. It will later release into 1.0 for Xbox Game Pass on console and PC, Xbox Series X|S, PC, and PlayStation 5. Spirit of the North 2, also making an appearance in Steam Next Fest, invites players to save the world's lost guardians in a gorgeous world in which an extraordinary fox must make its way home. Players will get to solve challenging puzzles and develop new abilities to retrieve magical relics. Spirit of the North 2, sequel to critically acclaimed Spirit of the North, will come to PC, PlayStation 5, and Xbox Series X|S. Announcement • Sep 10
Maximum Entertainment AB Announces Board Appointments Maximum Entertainment AB at its Extraordinary General Meeting held on 9 September 2024. The General Meeting resolved the following: Torgny Hellström and Jan Benjaminson were elected as new members of the Board of Directors. Torgny Hellström was elected as new chairperson of the Board of Directors. Announcement • Aug 10
Maximum Entertainment AB Chairman of the Board Petter Hjertstedt Notifies Its Board of Directors of His Intention to Resign, Effective September 9, 2024 Maximum Entertainment AB announced that Petter Hjertstedt, currently Chairman of the Board at Maximum Entertainment, has notified the Board of his intention to resign as of September 9, 2024. Board Change • Jun 09
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Karla Martin is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jun 06
Maximum Entertainment AB Announces Board Appointments Maximum Entertainment AB announced at the AGM held on June 4, 2024, approved elected as members of the Board of Directors for the time until the end of the next Annual General Meeting. Petter Hjertstedt was elected as new chairman of the Board of Directors. Reported Earnings • May 22
First quarter 2024 earnings released: €0.03 loss per share (vs €0.10 loss in 1Q 2023) First quarter 2024 results: €0.03 loss per share (improved from €0.10 loss in 1Q 2023). Revenue: €19.9m (up 12% from 1Q 2023). Net loss: €1.52m (loss narrowed 65% from 1Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Market cap is less than US$10m (€7.49m market cap, or US$8.13m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€23m). Currently unprofitable and not forecast to become profitable over next 2 years (€4.1m net loss in 2 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • May 18
Maximum Entertainment AB Announces the Launch of Nightmarish Action-Adventure Morbid Maximum Entertainment AB announced the launch of nightmarish action-adventure Morbid: The Lords of Ire to PC, PlayStation 4, PlayStation 5, Nintendo Switch, Xbox One and Xbox Series X|S. In this highly anticipated sequel to Morbid: The Seven Acolytes, players will face off against hordes of hideous creatures with furious hack and slash combat, loot and scavenge unique weapons, and level up their character to take on increasingly difficult challenges. Physical versions of Morbid: The Lords of Ire are also available now for PlayStation 5 & Nintendo Switch at all major retailers including Signature Edition Games. New Risk • May 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.64m (US$9.27m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (€8.64m market cap, or US$9.27m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr258m). Currently unprofitable and not forecast to become profitable over next 3 years (kr31m net loss in 3 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.86m (US$9.64m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (€8.86m market cap, or US$9.64m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr258m). Currently unprofitable and not forecast to become profitable over next 3 years (kr31m net loss in 3 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Feb 18
Full year 2023 earnings released: kr3.66 loss per share (vs kr1.75 loss in FY 2022) Full year 2023 results: kr3.66 loss per share (further deteriorated from kr1.75 loss in FY 2022). Revenue: kr1.24b (up 3.7% from FY 2022). Net loss: kr172.4m (loss widened 137% from FY 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe. Announcement • Jan 31
Maximum Entertainment AB Reveals February 15, 2024 for Multiplayer Survival Game Maximum Entertainment AB revealed multiplayer survival "Smalland: survive the Wilds" will be graduating from Early Access and launching Version 1.0 from February 15, 2024. Coming to PC, PlayStation 5, and Xbox Series X|S, the open world adventure challenges players to thrive amongst the colossal and immersive world of the Smallfolk - a tiny race of people striving to conquer the towering overland left behind by the giants. "Smalland: survive the wilds" will also be available in physical format to PlayStation 5 players. Three Early Access content updates ("Giant's Fall", "Forbidden Monuments", and "Amber Valleys") have already expanded the rich landscape with new biomes, enemies, mounts, NPC, emotes and more. Releasing on February 15, version 1.0 will bring with it a fourth content update, along with a roadmap for continued content support throughout 2024. Key Features: Scale skyscraper sized trees, scramble through cavernous cracks in roads, and more as experience the unique biomes of Smalland's huge open world. Craft powerful armour sets to personalise appearance, grant resistance from the elements, abilities and more. Tame and ride wild creatures from Geckos to Scorpions, the world and its inhabitants are yours to conquer. Scavenge, refine and craft resources to build the encampment on the ground or in the canopy. Claim a to design and build a base that will follow to any world Great Tree. Uncover ancient Story from hidden NPC scattered throughout the world as learn to survive in this hostile wilderness. Play solo or with up to 9 additional friends in multiplayer with crossplay between Steam and Epic Games Store. Announcement • Dec 14
Maximum Entertainment AB Launches the Brand-New Play Test for Co-Op Fighter Diesel Legacy: The Brazen Age on Steam Maximum Entertainment AB launched the brand-new playtest for co-op fighter Diesel Legacy: The Brazen Age on Steam. Experience the upcoming fighter's game-changing lane system with two new characters and updated mechanics in the Steam playtest which runs until January 3, 2024. playtest features an array of never-before-playable content, including two new characters: Nyra, a multi-armed grappler, and Eleanora, a mob boss in the making with deadly gang assistants. They join the previously available Rotwang, Rory, Ruby, and Fritz, all of whom debuted in the June Beta test. Alongside these new characters, a brand-new "Free for All" mode is available: four players, three lanes, winner takes all. Finally, a slew of new and updated mechanics and balance changes have been added to the game, including new options for fallen characters rounds out the experience. Diesel Legacy: The Brazen age flips the traditional fighting formula by placing 2v2 local and online co-op matches front and center in the arena. The game features distinctly unique playable characters, multiple varied stages, and an innovative 3-lane system, offering devastating attacks and meaningful shifts to team dynamics and matchups against a gorgeous, hand-drawn Dieselpunk backdrop. Matches are virtually lag-free due to the studio's brand-new proprietary RealMatch™? rollback netcode, ensuring players don't miss a single punch in any online match. Diesel also features comprehensive training and story modes and allows Legacy: The Brazen Age players to go against AI opponents to hone their skills. Diesel Legacy: The Bprofile Age will launch on PC, PlayStation®? 4 & 5, Xbox One, Xbox Series X|S and Nintendo Switch at a later date. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr434.5m (up 63% from 3Q 2022). Net loss: kr38.2m (loss widened kr35.1m from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Entertainment industry in Germany. Announcement • Oct 26
Maximum Entertainment AB Unveils ‘Spirit of the North 2', Sequel to Critically Acclaimed Open World Adventure, Coming to PC, PlayStation 5, and Xbox Series X|S Maximum Entertainment AB unveiled brand new open world adventure ‘Spirit of the North 2’. Sequel to the critically acclaimed ‘Spirit of the North’, this latest project will be coming to PC, PlayStation 5, and Xbox Series X|S. Returning with its iconic red fox protagonist, players are invited to roam a breathtaking open world, rich in ancient history and forgotten secrets on a quest to restore the lost guardians of the Northern Lights. Launched back in 2019, ‘Spirit of the North’ was a lovingly crafted indie jewel that received an average of 4/5 stars from players. With a ‘Very Positive’ score from almost 3,000 user reviews on Steam, ‘Spirit of the North 2’ returns as a quiet journey of discovery in a stunning open world. Embark on an epic adventure in ‘Spirit of the North 2’, unravelling the mysteries of a beautiful ancient world in this breathtaking 3rd-person adventure. Explore captivating biomes across a sprawling open world map, each with its own challenges and secrets to uncover. Recent Insider Transactions • Oct 18
CEO & Director recently bought €63k worth of stock On the 13th of October, Christina Seelye bought around 166k shares on-market at roughly €0.38 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christina's only on-market trade for the last 12 months. Announcement • Oct 17
Maximum Entertainment AB Releases 3Rd Content Update for Multiplayer Survival Game Smalland: Survive the Wilds Maximum Entertainment AB announced that it has released the third major content update to Early Access multiplayer survival game 'Smalland: survive the Wilds'. The latest drop introduces the desert biome 'Amber Valleys', home to a host of venomous and deadly pathogens including tarantulas, scorpions and snakes. Scorpions can be tamed and mounted, also providing the update's striking new armour set. Additionally, player emotes have been introduced in the latest update, the game's first ballistic weapon, new crafting items and more. Available now on Steam, the latest expansion dares players to venture beyond the forests to conquer new territory, while engaging with the following new and improved gameplay features: 'Amber Valleys' desert biome. Two new NPC - Sarnak, Priestess of the Aetherin, and solitary rancher, Granger Brand new story quests. Lethal enemies including Snakes, Tarantulas, Hawk Wasps, Horned Beetles and more Scorpion mount and armour set. Ballistic Handcannon gun and Iron ammunition. Firesand Grenade. Fang Sabre. Telson Hammer. Pyrite Pickaxe. Aetherin Ground-to-Air Turrets. New Item Enhancement and Quality Tiers. Developed and published in-house, ' launched via Steam and Smalland: survive the Wilds' Epic in March of this year, hitting a peak of over 52k daily players in launch week and garnering over 1.9 million Twitch watch hours to date. Traverse lake-sized puddles and mountainous trees, battling, taming, and riding formidable creatures from grasshoppers to geckos in a bid to survive and thrive in a harsh and wild world. 'Smalland: Survive the Wilds' will be launching to PC, PlayStation 5 and Xbox Series X|S. New content will continue to be added to the PC game right up to launch, with the same content available in the console editions. Announcement • Sep 14
Maximum Entertainment AB (publ) Announces New Game Called Whisker Waters Maximum Entertainment AB (publ) presented three brand-new announcements, revealing a new game called Whisker Waters coming to consoles and PC next year, the 1.0 launch date for early access title definitely Not Fried Chicken, and the release date for Super Animal Royale Season 9 - which also kicks off a surprise collaboration with an established IP for the game's inaugural crossover event. Whisker Waters. is a fantasy fishing RPG that will see players take on the role of a young kitty setting out on a whimsical and charming adventure to become a legendary fishing Ranger. Whisker Waters will be heading to PC & consoles next year. Gamers should prepare for an adrenaline-packed battle as Super Animal Royale Season 9 debuts on September 26, which hit 10 million players in June of this Super Animal Royale year, will present a bevy of new content in the new season. expect to see 12 new Super Animal breeds, a new Party Animal Pass, and much more. Finally, empire builders can get their hands on illicit business sim definitely Not Fried on Steam on September 28th. With its tongue-in-cheek humor and seemingly Chicken infinite depth, promises endless entertainment. New Risk • Aug 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr184m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr184m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr73m net loss in 2 years). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Market cap is less than US$100m (€28.2m market cap, or US$30.6m). New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr184m). Currently unprofitable and not forecast to become profitable over next 2 years (kr67m net loss in 2 years). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Market cap is less than US$100m (€29.5m market cap, or US$32.1m). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr299.2m (up 25% from 2Q 2022). Net loss: kr20.3m (down 225% from profit in 2Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany. Board Change • Jul 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Lampinen is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 09
Zordix AB (publ) Announces Executive Changes Zordix AB (publ), at its AGM held on June 8, 2023, decided to elect Christina Seelye, Karla Martin and Petter Hjertstedt as new board members. Reported Earnings • May 18
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr201.5m (down 19% from 1Q 2022). Net loss: kr49.1m (loss widened 111% from 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Entertainment industry in Germany. Announcement • May 04
Zordix AB (publ) Announces Directors Not Stands for Re-Election Zordix AB (publ) at its AGM to be held on 8 June 2023, announced that Stefan Lindeberg, Stefan Lampinen, and David Eriksson. Matti Larsson will not stand for re-election as Director. Reported Earnings • Feb 27
Full year 2022 earnings released: kr1.92 loss per share (vs kr0.037 loss in FY 2021) Full year 2022 results: kr1.92 loss per share (further deteriorated from kr0.037 loss in FY 2021). Revenue: kr1.19b (up 132% from FY 2021). Net loss: kr80.2m (loss widened kr79.0m from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany. Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr267.2m (up 119% from 3Q 2021). Net loss: kr3.08m (loss narrowed 17% from 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Entertainment industry in Germany. Announcement • Oct 19
Zordix Releases Own Ip In Them's Fightin' Herds On PlayStation®4/5, Xbox One/XSX And Nintendo Switch Zordix AB (Publ) announced Zordix publisher Modus Games and inhouse studio Mane6, sent the 2D fighting game Them’s Fightin’ Herds stampeding onto PlayStation®4, PlayStation®5, Xbox One, Xbox Series X|S and Nintendo Switch. Them’s Fightin’ Herds is a four-button, 2D fighting game featuring a cast of characters designed by Lauren Faust (producer and developer for My Little Pony: Friendship is Magic; creator, director, and developer for Super Best Friends Forever). Battle in Arcade and Local Versus Modes, practice in Tutorial and Training Modes, then dive into the game’s many online matchmakings feature and measure yourself against players from around the world. Gamers can also explore an episodic Story Mode that blends top-down adventure with fighting game combat challenges. Them’s Fightin’ Herds: Deluxe Edition is now available for $39.99. The Deluxe Edition features the Season 1 Pass, which includes four additional playable characters, four unique stages, four exclusive Pixel Lobby accessories and an exclusive palette for each character. Announcement • Oct 13
Zordix AB (publ) Announces Projekt Z, First-Person Co-Op Zombie Shooter Game Zordix AB (Publ) announced that the co-op zombie survival shooter Projekt Z will see a full release on Xbox X|S, PlayStation®5, and PC. The game is set in a distinctive WWII zombie environment for a diverse crew of soldiers, each with their unique abilities, whose mission is to unravel the secrets of a Nazi experiment on a lush, remote island. Players will discover covert schemes related and unrelated to "Projekt Z" a plan formulated by the Nazis to turn zombies into weapons to shift the war in their favor. Already attracting a devoted fanbase, Projekt Z's feature set upon launch will be expansive. Build and customize your hideout, craft and upgrade weapons, recruit allies, select your missions based on your character's story arc, solve sporadic puzzles, find hidden loot, and fight hordes of undead across multiple modes. Announcement • Sep 21
Zordix AB (Publ) Launches the Highly Anticipated Game Soulstice Zordix AB (publ) announced the launch of the fantasy action game Soulstice across PlayStation®5, Xbox Series X|S and PC. An all-new trailer showcasing Soulstice’s lightning-fast combat and striking visuals has also been released in support of the highly anticipated title Soulstice transports players to the kingdom of Ilden and puts them in simultaneous control of two sisters, Briar and Lute. The primary character, Briar, uses her intense attacks and abilities, while the secondary character, Lute, acts in support by using her ghostly powers to impact the boss fights. As the sisters race toward a Tear in the sky that has formed above the city of Ilden, increasingly horrific beings known as the Spawn of Chaos continue to pour into their world from the other side of the Veil. With an arsenal of weapons and customization options at their disposal, Briar and Lute will have a near-endless array of stylish and creative ways to dispatch their enemies as they explore a city under siege. To purchase Soulstice Deluxe Edition at a retail price of €49.99/$49.99, visit the game’s website. Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr236.5m (up 127% from 2Q 2021). Net income: kr16.2m (up kr20.5m from 2Q 2021). Profit margin: 6.9% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 65%, compared to a 85,773% growth forecast for the Entertainment industry in Germany. Announcement • Aug 19
Zordix Group Appoints Jacob Felländer as Head of Investor Relations Zordix Group appointed Jacob Felländer as Head of Investor Relations. Effective August 1, 2022, Jacob Felländer takes up the position as newly appointed Head of Investor Relations. Jacob Felländer comes from Sweco Group, Europe's leading architecture and engineering consultancy where he spent the last four years as Digital Communications Manager. At Zordix he will be responsible for shaping the corporate communications strategy toward investors and the listed finance landscape. He will work in close collaboration with the Executive Management Team to lead and execute Zordix's global communications and Investor Relations strategy. Prior to Sweco Group, Jacob worked for several years as Management Consultant at Accenture and FTI Consulting. He holds a degree in Public Relations and Investor Relations from New York University. Reported Earnings • May 26
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr260.2m (up kr251.5m from 1Q 2021). Net loss: kr23.3m (loss widened kr19.5m from 1Q 2021). Over the next year, revenue is forecast to grow 79%, compared to a 130% growth forecast for the industry in Germany. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Board Member Stefan Lindeberg was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Buying Opportunity • Mar 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be kr2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 118% per annum over the last 3 years. Earnings per share has declined by 84% per annum over the last 3 years. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr0.09 (down from kr0.23 in FY 2020). Revenue: kr517.0m (up kr476.6m from FY 2020). Net income: kr2.49m (down 30% from FY 2020). Profit margin: 0.5% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 28%. Over the next year, revenue is forecast to grow 156%, compared to a 340% growth forecast for the industry in Germany. Board Change • Dec 07
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Board Member Stefan Lindeberg was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. 
