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5th Planet Games A/S — Earnings Release 2022
Aug 30, 2022
8162_rns_2022-08-30_a529b0f1-c6f0-463d-9623-adcad2049064.html
Earnings Release
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35-2022 5th Planet Games increase H1 2022 YoY revenue with 360% and improve H1 2022 YoY performance on all core financial metrics
35-2022 5th Planet Games increase H1 2022 YoY revenue with 360% and improve H1 2022 YoY performance on all core financial metrics
COPENHAGEN, August 30, 2022: 5th Planet Games A/S (OAX: FIVEPG) is pleased to announce that we can now see the positive impact of the work that has been done over the last 9 months; with all financial core metrics now heading in a positive direction. By half year’s end we had a cash position of DKK 34m with a future guaranteed cash inflow of another DKK 37m to total cash position of DKK 71m, which leave us complete freedom to execute on our strategy.
Almost DKK 3m in H1 2022 revenue has arrived from Before Your Eyes royalties, and we have recently signed co-publishing agreements for Escape Academy (already released), WrestleQuest (to be released in 2023) and VICE NDRCVR (to be released in 2023).
Looking into the next half year, the most significant events are the financial performance of Before Your Eyes and Escape Academy together with expected signing of more (co-)publishing agreements; the biggest being based on “The Walking Dead” IP.
Highlights:
- Revenue H1 2022 was DKK 4.7m, which is 360% higher than DKK 1.3m in H1 2021.
- EBITDA H1 2022 was DKK -1.1m, which is an improvement of DKK 5.6m from DKK -6.7m in H1 2021.
- Cashflow positive H1 2022 by DKK 20.2m, which is an improvement of DKK 32.8m from DKK -12.6m in H1 2021
Guidance 2022:
- Revenue maintains guidance of DKK 10m to 20m (mainly from Before Your Eyes and Escape Academy) for the full year of 2022.
- EBITDA guidance is adjusted up to a level between DKK +0.1m to +2.0m for the full year of 2022 as we expect to deliver a positive EBITDA in H2 2022.
About 5th Planet Games
5th Planet Games is a company that finances and publishes games on a global basis located in Copenhagen. 5th Planet Games works with IP-driven content such as the Adventures of Tintin and with premium sports brands such as Cristiano Ronaldo, Peter Snakebite Wright, and Nyjah Huston; it also has its own IP in Hugo. Following a recent investment agreement 5th Planet Games is now working in partnership with LA-based Skybound Entertainment which will give access to IP such as The Walking Dead, Before your Eyes and Invincible. For more information see www.5thplanetgames.com or contact Interim CEO Mark Stanger [email protected]