Kvix (KVIX) Q1 2026 earnings summary

Executive summary

• Focus during Q1 2026 was on further developing Modern Command Mayhem, which now accounts for nearly all revenue.

• User acquisition efforts intensified with the hiring of an experienced consultant to optimize marketing campaigns.

• Key product updates included new commanders, events, improved communication features, and expanded language support.

• No significant events occurred during or after the period.

Financial highlights

• Net revenue was 4.0 MSEK, up from 3.7 MSEK year-over-year; prior year included a 2.5 MSEK one-time revenue.

• Operating income and net income were both 0.2 MSEK, down from 2.0 MSEK due to the absence of last year's one-time item.

• Earnings per share were 0.01 SEK, compared to 0.09 SEK in Q1 2025.

• Cash flow from operations after working capital changes was -0.1 MSEK, versus 1.8 MSEK last year.

• Cash and cash equivalents at period end were 0.2 MSEK, up from 0.1 MSEK year-over-year.

Outlook and guidance

• Priority is on finding scalable, cost-effective user acquisition strategies and continued game development.

• A major game update is planned for release at the end of June 2026.

• Experience and technology from Modern Command Mayhem will inform future game launches.