Nitro Games Oyj: Year-end report January – December 2022

Reporting period January – December 2022

• Revenues (Jan - Dec): 7 247,9 KEUR (2 635,5 KEUR).
• EBITDA: -2 611,7 KEUR (-2 340,2 KEUR).
• EBIT: -3 384,1 KEUR (-2 868,0 KEUR).
• Net result: -3 405,5 KEUR (-2 889,5 KEUR).
• Earnings per share (EPS) -0,3 EUR / share (-0,2 EUR/ share).
• Cash and cash equivalents were 1 597,5 KEUR and 900,7 KEUR of short-term receivables (31 December 2022).
  
  (Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year)

October - December 2022

• Revenues (Oct - Dec): 2 312,9 KEUR (1 231,0 KEUR).
• EBITDA: -365,7 KEUR (-280,3 KEUR).
• EBIT: -558,8 KEUR (-393,5 KEUR).
• Net result: - 546,1 KEUR (-399,0 KEUR).
• Earnings per share (EPS) -0,04 EUR / share (0,0 EUR/ share).
  
  (Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year)

Significant events during October - December 2022

• Signed approx. 2 million EUR expansion to the development agreement with Digital Extremes.

Significant Events After a period

• Announced a new mobile game: Autogun Heroes. The game is currently in soft launch.
• Signed approx. 0,6 million EUR expansion to the development agreement with Supermassive Games.

Report highlights

“Our revenues reached a record high in 2022. The annual revenues grew 175% year-on-year to 7,3 million EUR, and our revenues in the fourth quarter also grew 88% year-on-year to 2,3 million EUR. Our EBITDA decreased slightly because of the planned investments in our game portfolio and in the game launches. Overall, we made good progress in increasing our revenues and improving our business step-by-step as we continue to work our way toward profitability. “

says Jussi Tähtinen, CEO, Co-Founder

Webcast with Teleconference, Q4 / 2022

Nitro Games to host a Webcast on Monday, 13 February 2023, 09:30 Swedish time.

Nitro Games Oyj Year-end Report for January - December 2022 will be released on Monday, 13 February 2023. The Company will do a presentation after the release of the report. Participants can join this presentation via a Webcast. Participants can send questions to the presenters via the email below.

13 February 2023 09:30 (Europe/Stockholm)

Details of event: https://financialhearings.com/event/44212

Language: English

Activity: Webcast

Webcast: https://ir.financialhearings.com/nitro-games-q4-2022

Questions via email: [email protected]