Payday writer Starbreeze has had a tough time over the previous couple of years, however in its monetary report for 2020, the Swedish firm says that its “thirsting for revenge” and is in a a lot stronger place than it was beforehand.
“Starbreeze is a a lot stronger firm in the present day than it was one yr in the past,” appearing chief government Tobias Sjogren advised traders. “We are vastly assured, thirsting for revenge and thrilled to have the ability to focus to the max on growing our IP with Payday entrance and middle.”
That does not imply that Starbreeze is out of hazard simply but, as the corporate must discover a writer for Payday 3 and extra funding if it needs to keep away from a repeat of its dismal 2018-2019 interval.
“Without further financing, liquidity injections from divestitures or distribution agreements for Payday 3, the corporate might expertise a liquidity shortfall within the fourth quarter of 2021,” the corporate wrote within the Risks and uncertainties part of its report. “This entails threat that the corporate won’t have enough secured funds to ensure continued operations for the following 12 months.”
In late 2018, Starbreeze went into administration for nearly a yr. Its workplaces had been additionally raided by the Swedish police in December that yr on suspicion of insider buying and selling. By the final quarter of 2020, Starbreeze had completed paying off its collectors and had decreased its losses. Overkill’s The Walking Dead video game did not assist the studio a lot both, as that poorly-received co-op shooter bumped into difficulties of its personal after launch.
Payday 3 continues to be a great distance off from being revealed although, as Starbreeze confirmed in 2019 that it was aiming for a 2022/23 launch date.
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