Toadman Interactive
Toadman Interactive was a Swedish game services company, listed on Nasdaq First North, that worked with game development and publishing. It published interim reports, year-end reports and annual reports covering 2017 to 2019.
Documents
Toadman Interactive Interim Report: January-December 2019
Toadman Interactive underwent a fundamental structural transformation throughout 2019, evolving from a standalone developer into a diversified gaming conglomerate rebranded as Enad Global 7.
- Toadman Interactive rebranded as Enad Global 7 in 2019, transitioning from a standalone developer into a vertically integrated gaming conglomerate.
- The company executed a rapid expansion strategy through the acquisitions of publisher Sold Out, marketing agency Petrol Advertising, and studios Antimatter Games and Artplant AS.
- The group reported 151.6 million SEK in annual revenue for 2019 but incurred a net loss of 28.1 million SEK due to capital expenditures related to corporate scaling and integration.
Toadman Interactive Interim Report: January–September 2019
Toadman Interactive pursued an aggressive growth strategy throughout the first nine months of 2019, focusing on vertical integration to transform from a pure development studio into a comprehensive global publisher.
- Toadman Interactive transitioned from a development studio to a global publisher in 2019 by acquiring Petrol Advertising and the Game Sessions platform.
- The company reported net revenue of 108.1 MSEK and an operating profit of 8.2 MSEK for the first nine months of 2019, largely driven by the Petrol Advertising acquisition.
- Liquidity was a significant challenge, with the company ending Q3 2019 with 13.4 MSEK in cash and a negative operating cash flow of -25.5 MSEK.
Toadman Interactive AB: Q2 2019 Quarterly Report
Toadman Interactive AB pursued an aggressive growth strategy during the second quarter of 2019, focusing on vertical integration and the diversification of its revenue streams within the global gaming market.
- Toadman Interactive executed an aggressive expansion strategy in Q2 2019 by acquiring marketing agency Petrol Advertising and game studio Antimatter Games to integrate creative services and publishing into its value chain.
- The company secured 120 MSEK through a bond issuance to fund ongoing mergers, acquisitions, and the development of internal projects like the title '83'.
- Financial performance for Q2 2019 included a net turnover of 13.6 MSEK and an operating profit of 4.4 MSEK, aided by marketing contributions during E3.
Toadman Interactive AB: Q1 2019 Quarterly Report
Toadman Interactive AB’s first-quarter report for 2019 details the company’s financial performance and strategic developments during a period of transition and growth.
- Toadman Interactive successfully listed on the Nasdaq First North Stockholm exchange on February 4, 2019, to improve market visibility and liquidity.
- The company raised over 20 million SEK through an oversubscribed share issue, ending the quarter with 24.6 million SEK in cash and an equity ratio of 75%.
- Q1 2019 financial results included a net turnover of 14.8 million SEK and an EBIT of 1.8 million SEK.
Toadman Interactive Årsredovisning 2017-2018
Toadman Interactive underwent a transformative period between September 2017 and December 2018, evolving from a specialized consultancy firm into a comprehensive game development group.
- 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.
- 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.
- 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.
Toadman Interactive Year-End Report: September 1, 2018 – December 31, 2018
Toadman Interactive’s year-end report for the period of September 1, 2018, to December 31, 2018, details the company’s financial performance and strategic shift toward becoming a leading global developer and publisher of role-playing games.
- Toadman Interactive secured a $10 million development contract with Leyou for 'Project Osiris' and other titles, providing a revenue stream through December 2019.
- For the 16-month fiscal year ending December 31, 2018, the company recorded a net turnover of 73.1 million SEK and an EBIT of 5.7 million SEK.
- The company maintains a diversified business model involving six titles in development, internal game production, and consulting services for external publishers.
Toadman Interactive: Interim Report 1 June – 31 August 2018
Toadman Interactive’s interim report for the period of June 1, 2018, to August 31, 2018, details a significant growth phase characterized by corporate expansion, the launch of its first proprietary title, and a transition into a group structure.
- Toadman Interactive grew revenue by 61% year-over-year to 11.8 million SEK for the period ending August 31, 2018, though the company recorded an EBIT loss of 3.15 million SEK due to expansion and IP development costs.
- The company transitioned into a multi-national group following the acquisition of the Norwegian studio Artplant AS.
- Toadman significantly scaled its operations, increasing its workforce from 27 to 80 employees to support large-scale production and internal game development.
Toadman Interactive Interim Report: March 1 – May 31 2018
Toadman Interactive’s interim report for the period of March 1 to May 31, 2018, highlights a phase of aggressive growth and structural transformation for the Swedish game development company.
- Toadman Interactive achieved a 1,023% revenue increase to 15.3 million SEK for the period of March 1 to May 31, 2018, compared to 1.4 million SEK in the same period the previous year.
- The company recorded a net loss of 1.3 million SEK due to an 8.2 million SEK one-time buyout of its agent, Flashman Interactive LLC, intended to eliminate future commission obligations.
- Workforce capacity grew significantly during the quarter, expanding from 30 to 80 employees to support internal game development and external consulting.
Toadman Interactive: Interim Report 1 December 2017 – 28 February 2018
Toadman Interactive’s interim report for the period of December 1, 2017, to February 28, 2018, details a period of significant financial expansion and structural development for the Swedish game developer.
- Toadman Interactive reported a 862% increase in net revenue to 12.02 million SEK for the period ending February 28, 2018, compared to 1.25 million SEK in the prior year.
- Operating profit (EBIT) reached 4.54 million SEK with a 37.1% margin, a significant turnaround from the 1.01 million SEK loss recorded in the same period the previous year.
- Financial growth was primarily driven by milestone payments from a partnership with the Chinese firm Leyou and a 22 million SEK share issue conducted in December 2017.
Toadman Interactive: Interim Report 1 September 2017 – 30 November 2017
The interim report for Toadman Interactive AB covering the period from September 1, 2017, to November 30, 2017, outlines a significant growth phase for the Swedish game development company.
- Toadman Interactive reported a 1,176% increase in net revenue to 14.0 million SEK for the period ending November 30, 2017, compared to 1.1 million SEK in the prior year.
- Operating profit reached 5.0 million SEK with a 35.7% operating margin, primarily driven by development milestones achieved under a contract with Leyou Technologies worth at least 40 million SEK.
- The company raised 22 million SEK through a share issue shortly after the reporting period and subsequently listed its shares on the NGM MTF exchange to fund future growth and acquisitions.