Edition:
United States

Starbreeze AB (STZEb.ST)

STZEb.ST on Stockholm Stock Exchange

8.60SEK
12 Dec 2017
Change (% chg)

0.20kr (+2.38%)
Prev Close
8.40kr
Open
8.45kr
Day's High
8.70kr
Day's Low
8.35kr
Volume
535,859
Avg. Vol
2,057,681
52-wk High
20.90kr
52-wk Low
7.45kr

Latest Key Developments (Source: Significant Developments)

Starbreeze announces new financial targets
Friday, 29 Sep 2017 09:31am EDT 

Sept 29 (Reuters) - STARBREEZE AB ::STARBREEZE ANNOUNCES NEW FINANCIAL TARGETS.COMPANY'S AMBITION IS TO ACHIEVE REVENUE OF AT LEAST SEK 2 BILLION IN 2020.COMPANY'S AMBITION IS TO GENERATE POSITIVE EBITDA RESULT FOR Q4 2018 AND THEN ON AN ANNUAL BASIS FOR EACH SUBSEQUENT FISCAL YEAR.BOARD DOES NOT INTEND TO PROPOSE DIVIDEND PAYMENTS IN NEXT FEW YEARS.  Full Article

Starbreeze accepted to trade at Nasdaq Stockholm ‍​
Friday, 22 Sep 2017 01:30am EDT 

Sept 22 (Reuters) - STARBREEZE AB :ACCEPTED TO TRADE AT NASDAQ STOCKHOLM WITH PLANNED START DATE OCT. 2 2017 ‍​.  Full Article

Starbreeze sings a supplier agreement in UAE
Thursday, 24 Aug 2017 02:00am EDT 

Aug 24 (Reuters) - STARBREEZE AB :STARBREEZE MAIN PARTNER FOR NEW VR CENTRE IN DUBAI.SWEDISH LOCATION BASED VIRTUAL REALITY (VR) COMPANY ENTERSPACE - A PART OF STARBREEZE GROUP, SIGNED FIVE-YEAR SUPPLIER AGREEMENT WITH UNITED ARAB EMIRATES BASED COMPANY.STARBREEZE WILL RECEIVE 20-25 PERCENT OF FUTURE NET REVENUES.STARBREEZE AB - AGREEMENT ENTAILS AN INVESTMENT OF APPROXIMATELY USD 10 MILLION, FULLY FINANCED BY NORDEA GUARANTEED BY SWEDISH EXPORT CREDIT AGENCY AND JOINT VENTURE BETWEEN STARBREEZE AND ACER, STARVR CORP.  Full Article

Starbreeze Q2 EBITDA swings to loss SEK 2.7 mln
Thursday, 24 Aug 2017 02:00am EDT 

Aug 24 (Reuters) - STARBREEZE AB ::SAID ON THURSDAY Q2 NET SALES UP 20 PCT TO SEK 122.7 MLN.Q2 EBITDA LOSS SEK 2.7 MLN VS PROFIT SEK 27.4 MLN YEAR AGO.  Full Article

Starbreeze acquires VR company Enterspace for SEK 20 MLN
Tuesday, 13 Jun 2017 02:45am EDT 

June 13 (Reuters) - STARBREEZE AB ::ANNOUNCED ON MONDAY ITS AGREEMENT TO ACQUIRE VIRTUAL REALITY (VR) COMPANY ENTERSPACE AB, FOR A TOTAL OF SEK 20 MILLION, WHEREOF SEK 17.0 MILLION IN STARBREEZE B-SHARES AND SEK 3.0 MILLIONS IN CASH.SUBSCRIPTION PRICE OF SERIES B SHARES WILL BE SEK 15.87.AT THE TIME OF ACQUISITION, STARBREEZE WILL ALSO CONVERT A LOAN TO ENTERSPACE OF SEK 20 MILLION TO EQUITY .PARTIES HAVE ADDITIONALLY AGREED ON LIMITED THREE-YEAR-EARN-OUT FOR THE SELLERS BASED ON ENTERSPACE'S FUTURE FINANCIAL PERFORMANCE, TAKING EFFECT AFTER STARBREEZE HAS RECOUPED 120 PERCENT OF SEK 20 MILLION INVESTMENT THROUGH ABOVE-MENTIONED LOAN CONVERSION.COMPLETION OF TRANSACTION IS PLANNED FOR JUNE 30, 2017.  Full Article

Starbreeze announces The Mummy Prodigium Strike VR Game
Thursday, 8 Jun 2017 09:46am EDT 

June 8 (Reuters) - STARBREEZE AB ::ANNOUNCES THE MUMMY PRODIGIUM STRIKE LOCATION-VR GAME.  Full Article

Starbreeze AB Q4 EBITDA more than doubles at SEK 38.8 million
Thursday, 16 Feb 2017 02:30am EST 

Starbreeze AB : Q4 net revenue amounted to 99.4 million Swedish crowns ($11.17 million) versus 48.9 million crowns a year earlier . Q4 EBITDA amounted to 38.8 million crowns versus 15.2 million crowns year ago .Q4 net income for period amounted to 30.2 million crowns versus 15.4 million crowns year ago.  Full Article

Starbreeze opens mobile production management offices in Barcelona
Thursday, 16 Feb 2017 02:29am EST 

Starbreeze Ab :Starbreeze opens mobile production management offices in Barcelona, PAYDAY crime war production boosted by BadFly interactive.  Full Article

Starbreeze to invest in game Psychonauts 2
Monday, 6 Feb 2017 02:15am EST 

Starbreeze AB : Has signed publishing agreement with Double Fine Productions regarding game Psychonauts 2, to be released in 2018 . Will invest $8 million to bring game to PC and other console platforms through digital distribution . Says will be able to recoup 100 pct of its full investment incl. marketing costs with initial revenue share of 85 pct after distribution and platform fees and fig crowdfunding revenue share .Share of revenues will become 60 pct after investment is recouped.  Full Article

Digital Bros signs agreement with Starbreeze for distribution of "Dead by Daylight"
Friday, 3 Feb 2017 02:00am EST 

Digital Bros SpA : Signs a co-publishing and revenue share agreement with Starbreeze AB for the retail distribution of the video game "Dead by Daylight" . The agreement includes the payment of a minimum guarantee amount of royalties of $2.5 million . Distribution agreement is worldwide with the exception of Asia and Nordic territories .Believes that this agreement will strengthen the full year positive outlook previously disclosed but without exceeding last year's results that benefited of the sale of PAYDAY2 rights.  Full Article

BRIEF-Starbreeze Q3 EBITDA swings to loss of SEK ‍21.9​ mln

* Q3 NET SALES SEK ‍77.7​ MILLION VERSUS SEK 102.7 MILLION YEAR AGO