As a result of continued revenue increase and careful cost control, the company expects a profitable fourth quarter of 2023, with a positive cash flow.
Nitro Games Oyj's key figures in the fourth quarter of 2023 according to preliminary and unaudited calculations are the following (comparison figures from the previous year in parenthesis):
Q4/2023- Revenues increased to approximately EUR 2.9 million (EUR 2.3 million)
- EBITDA increased to approximately EUR 0.7 million (EUR -0.4 million)
- EBIT increased to approximately EUR 0.3 million (EUR -0.6 million)
- Net result increased to approximately EUR 0.3 million (EUR -0.6 million)
"We have communicated throughout the year 2023 that our focus point for the year was to work towards profitability, step-by-step. I am happy to see this now materializing into a positive result during the fourth quarter and looking forward to a great year ahead," says Jussi Tähtinen, CEO & co-founder of Nitro Games.
Nitro Games Oyj plans to publish its Year-End Report for 2023 on the previously announced date 19 February 2024.