Starbreeze released its Q4 report earlier this week, and we sat down with Mats Juhl to dive deeper into the numbers and future plans. What is the plan for PADYAY 3 going forward and what does the KRAFTON partnership mean for PAYDAY 3?

Starbreeze Q4-rapport kom in i linje med våra estimat, men analytiker Christoffer hade gärna sett mer konkreta detaljer kring planen för PAYDAY 3 under det kommande året.

The current share price reflects very low market expectations, and with reduced short-term financial risks, we believe this presents a potential contrarian opportunity for risk-tolerant investors.

Starbreeze’s Q4 revenues and adjusted EBIT largely aligned with our expectations, with revenue coming in slightly higher, though this was solely due to earlier-than-expected contributions from the KRAFTON partnership.

We expect Q4 revenue to remain at a low level with somewhat challenging year-on-year comparisons due to the timing of the PD3 launch. We also expect continued cash flow pressures in the quarter due to negative earnings and high investment levels.