Jumpgate (GATE) Q4 2024 earnings summary

Executive summary

• Net turnover for 2024 increased to 68.1 MSEK, up over 30% year-over-year from 52.1 MSEK.

• EBIT loss improved to -7.9 MSEK in 2024 from -29.9 MSEK in 2023; Q4 EBIT loss was -4.2 MSEK, better than -15.9 MSEK in Q4 2023.

• Result after financial items improved to -16.9 MSEK in 2024 from -34.1 MSEK in 2023.

• Substantial cost savings and staff reductions implemented, including divestment of Tableflip Entertainment.

• Signed partner agreements for new projects, unlocking potential public and partner financing of up to 30 MSEK.

Financial highlights

• Net turnover in Q4 2024 was 14.1 MSEK, down from 19.7 MSEK in Q4 2023.

• Result per share for 2024 was -1.523 SEK (not adjusted for reverse split); Q4 result per share was -0.516 SEK.

• Q2 and Q3 2024 achieved positive EBIT results.

Outlook and guidance

• Three major game releases planned for 2025, each with significant revenue potential.

• Company is positioning for profitability in 2025 through cost reductions and upcoming launches.

• Applications for German public funding submitted; if approved, could provide substantial financing.