Star Vault Q2 Finances: Sales Down, Profits Down

q22013

Star Vault has released their second quarter finances for 2013. Following a rise in the first quarter, net sales dropped approximately 15% to $811,263 USD while net profit fell further into the red at $-937,168 USD. According to the quarterly report, the number of active subscriptions in Q2 2013 is in line with Q1 2013. Earlier in the second quarter, Star Vault sold approximately one million shares to two investors from the UK and USA, allowing for “accelerated development” as the report describes.

Star Vault CEO Henrik Nystrom’s statement:

Just like in the beginning of 2013, we have in the second quarter could see a slightly positive trend as the number of registered members of the Forum of Mortal Online has increased slightly compared to the first quarter, which is obviously pleasing.

Through the private placement we completed in May 2013 was Star Vault capital to advance the development moving forward and deliver new features to the game. At present, we use external services to mass produce content for Dominion (territory control) and the new continent. Before that we delivered in April a ‘mount package, which could be completed with the help of playing donations. Mount package has been received with great joy by our players and brings to my mind a new dimension in Mortal Online.

Henrik Nystrom
CEO, Star Vault AB

The information above was pulled directly from the AktieTorget stock exchange and all monetary values converted from SEK into USD based on international conversion rates provided by Citibank NA. The graph uses the original SEK figures presented in the document, and the statement from CEO Henrik Nystrom was translated into English from its original Swedish via Google’s translation service.

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  • SlightlyNormal

    I am sure it will get better next month!