Starbreeze Says It Doesn’t Have the Money to Continue Operating Over the Next Year
Unless drastic changes are made, Starbreeze could soon be closing its doors.
As blatantly stated in Starbreeze’s recent financial report going over figured from Q1 of 2019, the company currently doesn’t have the money to continue operating for the long haul. “Starbreeze and some of its subsidiaries have been in reconstruction since December 3, 2018,” stated the report. “The company currently lacks sufficient secured funds to continue operating for the coming 12 months and a liquidity shortfall is expected before mid-year 2019 if no additional funds are provided.”
Stabreeze’s first-quarter sales saw the publisher bring in a little over $4.9 million dollars of which Payday 2 was said to accumulate over $2.7 million. However, earnings for the quarter were in the negative with Starbreeze losing $11.08 million.
Current CEO of Starbreeze Mikael Nermark outlined his goal for the coming months in light of this situation. “My main task is to secure financing for the company’s future operations. This involves both long-term financing we can use to build the Starbreeze of the future, but also making sure that the assets we have determined are unrelated to the core business are managed in a commercially viable way,” he said in the report. “Once this financing has been secured, we will be able to look ahead and present a more detailed strategy for the future.”
Nermark ended his statement by saying that Starbreeze will move forward and try to build off of Payday, which he sees as the foundation of the company. That said, unless Payday 3 is ready to ship within the coming months, I have major doubts about the long-term prospects of Starbreeze unless a major investment comes through. There’s a lot that can still change, but that change needs to happen fast by the sound of things.
My best goes out to everyone at Starbreeze in the coming crucial months. I really hope the publisher can find a way to continue on.