Starbreeze's Q1 losses shrink 95% to $505,000

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Starbreeze’s recovery continues as the Payday developer reports a strong start to its financial year.

For the three months ended March 31, 2021, net sales reached SEK 27.9 million ($3.4 million),a 27% increase year-on-year.

Earnings before interest, tax, depreciation and amortization rose 33% to SEK 22.6 million ($2.7 million), while losses before tax shrank 95% from SEK 97.3 million ($11.7 million) to SEK 4.2 million ($505,367).

It’s the lowest quarterly loss in several years, and the second time it has posted a quarterly loss of less than $1 million, having reported a loss of SEK 8.2 million

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