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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
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Solid Clouds
Solid Clouds (SOLID) investor relations material
Solid Clouds H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary31 Aug, 2026
Executive summary
Revenue for the period 1 January to 30 June 2026 was ISK 36.9 million, down from ISK 74.2 million year-over-year.
Net loss for the period was ISK 122.1 million, compared to a loss of ISK 127.1 million in the same period last year.
Total assets at the end of June 2026 were ISK 1,325.9 million, with equity of ISK 1,181.2 million.
The company had 11 employees during the period.
Financial highlights
Operating loss for the first half of 2026 was ISK 118.3 million, compared to ISK 110.3 million year-over-year.
Cash at the end of June 2026 was ISK 9.8 million.
The company expects a refund of ISK 109.0 million from Rannís for R&D costs in November 2026.
Gross margin on game revenue was ISK 30.9 million, down from ISK 60.8 million year-over-year.
Outlook and guidance
Management expects a significant R&D refund in November 2026, which will improve liquidity.
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Latest events from Solid Clouds
- Strong user growth, rising revenue, and expanding marketing drive robust future prospects.SOLID
Investor presentation - Starborne Frontiers outpaces benchmarks in growth, monetization, and engagement, with strong 2025 prospects.SOLIDInvestor presentation
- Strong user engagement and ROAS support profitable growth, with milestones projected for 2026.SOLIDInvestor presentation
- Revenue doubled but losses persisted; recovery expected as advertising restarts.SOLIDH1 2025
- Net loss increased despite higher revenues; further capital raising planned for game launch.SOLIDH1 2024
- Revenue and user growth surged, but losses widened and liquidity risks persist.SOLIDH2 2024
Next Solid Clouds earnings date
H2 202631 Mar, 2027
Solid Clouds
Next Solid Clouds earnings date
H2 202631 Mar, 2027
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Frequently asked questions
Solid Clouds hf is a technology and software development company specializing in the creation and marketing of computer games. Founded in 2013 and based in Seltjarnarnes, Iceland, the company focuses on developing massively multiplayer online real-time strategy games. Among its notable offerings are the games "Starborne Sovereign Space" and "Starborne Frontiers". The company's leadership team consists of passionate gamers and industry veterans dedicated to advancing the next generation of MMO games. Its shares are listed on the Reykjavik Stock Exchange.