Toadman Interactive Årsredovisning 2017-2018

Key insights

6 takeaways

01
Toadman Interactive transitioned from a consultancy firm to a game development group, growing to 79 employees and acquiring Artplant AS between September 2017 and December 2018.See it on page 2
02
The company reported a net turnover of 73.1 million SEK and a profit of 3.96 million SEK for the 16-month fiscal period.See it on page 12
03
Financial stability was maintained with 47.4 million SEK in total assets and 30.7 million SEK in equity, despite a 1 million USD one-time cost to buy out their agent, Flashman.See it on page 10
04
Following the 2018 fiscal year, the company raised an additional 21 million SEK in capital and successfully listed on the Nasdaq First North exchange.See it on page 25
05
The board retained all 28.5 million SEK in available funds for reinvestment into operations rather than issuing dividends to shareholders.See it on page 10
06
The firm utilizes a five-year amortization model for internally developed intangible assets to reflect the long-term value of its intellectual property.See it on page 18

Summary

Toadman Interactive underwent a transformative period between September 2017 and December 2018, evolving from a specialized consultancy firm into a comprehensive game development group. This transition was defined by a strategic pivot toward internal intellectual property creation and self-publishing, supported by a workforce that expanded to 79 employees. The company successfully leveraged international expansion, including the acquisition of Artplant AS and the establishment of a German subsidiary, to diversify its operational footprint and project pipeline.

Financial performance during this 16-month fiscal period reflected this aggressive growth, yielding a net turnover of 73.1 million SEK and a profit of 3.96 million SEK. Despite incurring a one-time 1 million USD cost related to the buyout of its agent, Flashman, the company maintained a robust balance sheet with total assets of 47.4 million SEK and an equity base of 30.7 million SEK. Liquidity was further strengthened through a successful share issue, providing a cash balance of 14.6 million SEK by year-end. The firm utilizes a capitalization model for internally developed intangible assets, which are amortized over five years to reflect their long-term value.

Looking ahead, the company is positioned for continued scaling through both organic development and strategic acquisitions. Following the close of the 2018 fiscal year, the organization secured an additional 21 million SEK in capital and transitioned to the Nasdaq First North exchange. In line with this growth-oriented strategy, the board opted to retain all available funds of 28.5 million SEK to reinvest in future operations rather than distributing dividends. Independent auditors have confirmed that these financial statements adhere to the Annual Accounts Act, and the leadership team has been granted discharge from liability for the period.