Starbreeze Discontinues Development Of Project Baxter
· Issued by Starbreeze AB
Starbreeze AB OMXSTO:STAR_A:
DISCONTINUES DEVELOPMENT OF PROJECT BAXTER
NON-CASH IMPAIRMENT OF SEK 255 MILLION IN Q3
BAXTER TEAM REDEPLOYED TO PAYDAY PROJECTS
HEADCOUNT REDUCED BY 44 FTES
DISCONTINUATION OF BAXTER, COMBINED WITH INCREASED FOCUS ON PAYDAY FRANCHISE, WILL ENABLE TO BECOME CASH-FLOW POSITIVE IN 2026
Starbreeze AB on 6ix
Earlier from Starbreeze
- STAR_A: Strategic shift to PAYDAY, strong cash flow, and full franchise rights drive future growth
- STAR_A: Strong Q1 sales and Payday rights reacquisition set stage for growth and new launches
- STAR_A: Q4 saw improved EBITDA and cost control amid revenue decline and ongoing IP expansion
- STAR_A: Sales declined in Q3 2024, but cash reserves and new projects support future growth
- STAR_A: Q2 2024 net sales declined, profitability fell, but cash reserves remain robust
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