CCP has posted their 2013 financial results and the results are interesting, if not confusing. While the company posted an annual revenue of $76.7 million USD, net loss amounted to $21.3 million during the same period. 2013 saw multiple milestones reached, including the launch of PS3 shooter DUST 514 as well as Eve Online’s 10th anniversary and surpassing five hundred thousand subscribers. DUST 514 brought in a fair amount of revenue, although nowhere near Eve Online’s sales.
As for the net loss, our friend The Ancient Gaming Noob took some time to explain how it is due to assets being derecognized as a part of 2013’s restructuring.
Basically, the wrote some software that they felt added value to the company and called it an asset at some point, adding to the total value of the company. Now they have decided that the software in question does not have value, so they have to take it off the books. To the shareholders, the company effectively “lost” that much in its overall valuation, but no actual cash money disappeared or changed hands.
As for what those assets were, CCP isn’t saying. CCP also announced a partnership with Sony to bring their dogfighting game Valkyrie to the Playstation 4. You can check out the entire financial report at the link below.
(Source: CCP finances)
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