Star Vault (STVA) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, increased to SEK 8,030,099 from SEK 4,470,396 year-over-year.

• Loss after financial items improved to SEK -2,089,400 from SEK -6,343,874 year-over-year.

• Q3 net sales rose to SEK 3,289,831 from SEK 1,117,236 compared to the same quarter last year.

• Q3 loss after financial items narrowed to SEK -70,603 from SEK -1,941,071 year-over-year.

• Positive cash flow and increased active player base driven by new features and influencer engagement.

Financial highlights

• Gross profit for the nine months was SEK 8,021,453, up from SEK 4,443,814 year-over-year.

• Operating loss for the nine months was SEK -2,089,400, improved from SEK -6,343,874 year-over-year.

• Q3 operating loss was SEK -85,707, compared to SEK -1,940,453 in Q3 last year.

• Cash flow for the period was SEK 390,934, up from SEK -2,043,776 year-over-year.

• Cash and cash equivalents at period end were SEK 4,105,531, up from SEK 1,448,328 year-over-year.

Outlook and guidance

• Management expects the current cash position and projected market development to cover liquidity needs for the next twelve months.

• Planned major game update in December expected to drive further player growth.

• Ongoing efforts to make the game more beginner-friendly are showing positive results.

• Targeted marketing and potential partnerships, including interest from a major Chinese gaming company, could expand the player base.