Star Vault Publishes Q2 2011 Finances


Star Vault has published their results for the second quarter of 2011. You can read the report in its native Swedish, or poorly translated by Google. For the sake of convenience, I will post some of the more important information here:

  • Mortal Online has seen an increase in subscriptions and box purchases since Q1.
  • In order to reduce costs, the board of directors has cancelled the liquidity guarantee.
  • According to Henrik Nystrom, a rights issue resulted in enough income to pay off earlier loans.
  • Mortal Online needs 500 more subscribers to achieve “break-even.”
  • Star Vault has partnered with Lekool to publish Mortal Online in Asia (we already knew that)
Although Mortal Online is still not breaking even, Star Vault continues to inch toward that goal with what, despite what some people would like you to believe, appears to be growing in terms of sales and subscribers. Who knows? Mortal Online could be a real surprise comeback.