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Starbreeze AB (STBEF)
:STBEF
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 0.00%
|Next Earnings Date:Aug 21, 2018
Earnings Call Sentiment|Neutral
The earnings call highlights a strong financial performance with significant cash reserves and positive trends in product reviews and market reach, particularly for PAYDAY 3. However, there are challenges with the current performance of PAYDAY 3 and high direct costs impacting the bottom line. The company's focus on future investments and solid financial position provide a positive outlook.Company Guidance
During the Q1 2024 earnings call for Starbreeze, executives Hans-Jurgen Goeldner and Mats Juhl provided an optimistic update on the company's financial and operational performance. The quarter saw net sales of SEK 56.6 million and an EBITDA of SEK 48.5 million, adjusted to SEK 28.6 million after long-term incentive program impacts. Despite a loss of SEK 21 million due to ongoing investments, the company maintained a solid cash position of SEK 387 million, with a positive cash flow of SEK 78.4 million from operations. The newly launched game Roboquest performed well, contributing SEK 17.4 million to net sales, while PAYDAY 2 and PAYDAY 3 generated SEK 10.9 million and SEK 23.3 million, respectively, with PAYDAY games accounting for 60% of total sales. Despite PAYDAY 3's initial underperformance, positive trends are emerging, bolstered by the launch of Operation Medic Bag. The company is focused on enhancing PAYDAY 3 and advancing Project Baxter, set for a 2026 release, with a development team of 150 people split between the two projects. Starbreeze is also in the final stages of appointing a new CEO, with an announcement expected soon.Strong Financial Quarter
Net sales amounted to SEK 56.6 million, with an EBITDA of SEK 28.6 million after adjustments. Positive cash flow from operating activities was SEK 78.4 million, resulting in a healthy cash position of about SEK 387 million.
Positive Trends and Investments
Positive review trends for PAYDAY 3 and continued investment in PAYDAY and Project Baxter, expected to release in 2026. PAYDAY 2 generated SEK 10.9 million in sales, with Third-party Games, mainly Roboquest, contributing SEK 17.4 million.
Solid Financial Position
The company has a strong cash position of almost SEK 400 million with no external debt, and is fully funded for the development of Baxter.
Positive Market Trends
Game Pass and PlayStation platforms have shown better than expected player base numbers for PAYDAY 3.
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STBEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STBEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.02 | $0.02 | 0.00% |
| Aug 20, 2024 | $0.02 | $0.02 | 0.00% |
| May 14, 2024 | $0.01 | $0.01 | 0.00% |
| Feb 15, 2024 | $0.04 | $0.04 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Starbreeze AB (STBEF) report earnings?
Starbreeze AB (STBEF) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Starbreeze AB (STBEF) earnings time?
Starbreeze AB (STBEF) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STBEF EPS forecast?
STBEF EPS forecast for the fiscal quarter 2024 (Q4) is >-0.01.
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