Coatsink
Company
Documents about Coatsink
Thunderful Group Year-End Report Q4 2025
Share Issue Resolved - Thunderful Group to Become Wholly Owned by Atari Fourth quarter October-December 2025 The period January-December 2025 • Net revenue decreased SEK 12.3 million to SEK 65.1 million (77.4).
- Thunderful Group is set to become a wholly owned subsidiary of Atari following a resolved directed share issue of up to 350 million shares at a subscription price of SEK 0.10 per share.
- The company reported a net loss of SEK 442.3 million for the full year 2025, an improvement from the SEK 867.7 million loss recorded in 2024.
- Full-year net revenue declined 11.4% to SEK 259.3 million, with Q4 revenue falling 16% year-over-year to SEK 65.1 million.
Thunderful Group Interim Report: Q3 2025
Thunderful Group’s Q3 2025 interim results reveal a company grappling with significant liquidity and profitability pressures while attempting to recover underlying operations.
- Thunderful Group faces material going-concern uncertainty as of September 30, 2025, with net equity turning negative at SEK 1.13 billion.
- Atari has become the majority owner following a directed share issue of SEK 50 million, highlighting the company's critical need for external capital.
- The company reported an operating loss of SEK 288.2 million in Q3 2025, driven primarily by a one-off depreciation and impairment charge of SEK 300 million.
Thunderful Group Q1 2025 Interim Report
Thunderful Group's Q1 2025 interim report presents the first quarter results of a Gothenburg-based publisher and developer of PC and console games, following a sweeping 2024 restructuring that divested its Distribution and several Games operations.
- Thunderful Group reduced its operating loss (EBIT) to SEK 65.7 million in Q1 2025, a significant improvement from the SEK 153.9 million loss recorded in Q1 2024.
- Net revenue grew by 7.0% year-over-year to SEK 62.0 million, supported by back-catalog sales in Publishing and work-for-hire projects at Coatsink.
- Personnel expenses dropped by 36.5% as the company reduced its total headcount from 355 to 249 employees as part of a broader restructuring effort.
Thunderful Group Q3 2024 Presentation: Strategic Restructuring
74 MSEK -2 MSEK -69 MSEK INVESTMENTS CASH FLOW OPS. AVAIL.
- Thunderful Group is initiating a major restructuring of its Publishing segment, involving the redundancy of 80–100 FTEs and the closure of internal development studios to shift focus toward third-party publishing.
- The restructuring will incur one-off costs of 25–30 MSEK and write-downs of 220–240 MSEK, with the objective of achieving 80–90 MSEK in annual cost savings.
- Q3 2024 financial performance showed a net revenue of 74 MSEK (down 11% y/y) and an EBIT loss of 69 MSEK, driven by write-downs of capitalized development costs and lower publishing revenue.
Thunderful Group Year-End Report 2020
Thunderful group - a nordic powerhouse Thunderful At a glance 3 Financial highlights 2020 § A primarily pan-Nordic gaming group of companies active in two revenue adj.
- Thunderful Group reported a 2020 adjusted EBIT of SEK 271 million on revenue of SEK 3.0 billion, representing an 8.8% margin.
- The company significantly expanded its development capacity by tripling its number of game developers from 70 in 2019 to 225 by the end of 2020.
- Thunderful aggressively pursued M&A in Q4 2020 and early 2021, acquiring Coatsink Software Ltd (for up to GBP 65.5 million), Station Interactive AB, and Headup GmbH.
