Star Vault (STVA) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 reached SEK 10,671,584, up from SEK 6,681,387 year-over-year.

• Result after financial items improved to SEK -709,313 from SEK -7,543,436 year-over-year.

• Q4 net sales were SEK 2,641,486, with a result after financial items of SEK 1,364,720, up from SEK -1,205,717 in Q4 2023.

• Major updates to Mortal Online 2 and server upgrades were completed in Q4, with a significant expansion planned for mid-2025.

• Focus on AI applications and network solutions, with industry interest and collaboration with Epic Games.

Financial highlights

• Full-year gross profit was SEK 10,663,338, up from SEK 6,645,009 year-over-year.

• Operating result for Q4 was SEK 1,342,124, compared to SEK -1,264,719 in Q4 2023.

• Cash flow for 2024 was SEK 2,720,184, compared to SEK -5,302,972 in 2023.

• Cash and cash equivalents at year-end were SEK 4,108,142, up from SEK 1,387,959.

• No dividend proposed for 2024.

Outlook and guidance

• Largest expansion ever for Mortal Online 2 planned for May/June 2025, with major marketing efforts.

• AI initiatives to enhance game experience, with live demonstration planned next quarter.

• Management expects current cash and projected market development to cover liquidity needs for the next 12 months.