Overview Financial Results for
Q1, 1 AUGUST 2023–31 OCTOBER 2023
– COMPARED WITH THE CORRESPONDING PERIOD OF THE PREVIOUS YEAR –
- Net sales amounted to 26.7 MSEK (27.5).
- Operating profit amounted to -2.2 MSEK (-2.1). The period includes lawyer costs attributable to the rights issue which are considered non-recurring.
- Income after financial items amounted to -2.2 MSEK (-2.2).
- Earnings per share before and after dilution amounted to
-0.008 SEK (-0.02).
Important Events During the Period
- In August,
Goobit announced thatJan Tibbling , who is a lawyer and now a board member, had been appointed as the Company's Money Laundering Reporting Officer (“MLRO”). This decision strengthens the Company's corporate governance as well as its commitment to strict regulatory compliance. As MLRO, Tibbling will use his experience to strengthenGoobit 's anti-money laundering strategies and methods. Goobit 's CEO,Christian Ander , has decided to receive his salary in Bitcoin.Christian Ander 's decision highlights Bitcoin's growing influence in traditional financial systems andGoobit 's commitment to its adoption. This choice is meant to inspire industry leaders and potentially expedite Bitcoin's wider acceptance.Goobit is actively preparing for the implementation of theEuropean Union 's MiCA crypto-assets regulation, coming into effect in 2024. Its subsidiary,Goobit AB , will integrate pan-European identification methods to enable safe and seamless onboarding of new customers with the highest Know-Your-Customer (“KYC”) standards.Goobit is pleased to announce that the Company entered an agreement with Scrive, a leading KYC provider in the Nordics, to enable Swedish customers with its new Know-Your-Customer methods.
Important Events After the Period
Goobit has successfully completed its rights issue which ended onNovember 10, 2023 . The Rights Issue was notably oversubscribed at 124.45% of the planned target, raising a total of 9 864489.53 SEK before issue costs. This shows the strong support and trust from the Company's existing shareholders. The funds raised through this Rights Issue will be deployed to fund operations, accelerate growth, enhance products, add additional payment methods, as well as solidifying the Company’s market position.Goobit 's shares have been listed on Nasdaq First North since 2021. The Company has now successfully transitioned its listing venue to the Nordic Growth Market (“NGM”), a subsidiary of BörseStuttgart . Opting for NGM will provideGoobit with a higher level of service and a more Bitcoin and crypto-friendly partner to collaborate with.Goobit participated in marketing and communication activities at Dreamhack, one ofEurope 's largest esports events. This initiative led to the Company experiencing significantly higher trading volume the days following the event, showing a vast untapped opportunity in this market segment.
Shareholder letter
Dear Shareholders,
As we conclude an eventful quarter, I am delighted to share the progress that
In terms of risk management and regulatory compliance, we have remained alert and proactive. We are continually adjusting our strategies to keep pace with the rapidly changing regulatory scene, including the EU's MiCA regulation and the ongoing global discussions about central banks’ involvement with Bitcoin. The Basel Committee's forthcoming prudential standards for crypto-assets, scheduled for implementation in 2025, highlight the evolving nature of the financial industry and underscore the growing importance of Bitcoin.
The company's trajectory has been impressive, highlighted by a successful capital raise that got oversubscribed by 125%, which speaks volumes about our investors' confidence in our vision. Our move from Nasdaq First North to the
My decision to receive my salary in Bitcoin mirrors our trust in its role in the traditional financial system. This choice, along with our significant Bitcoin holdings, reflects our long-term faith in its prospects. Our collaboration with the
Thank you for your continued support and trust in our journey.
Warm regards,
Read the full interim report on goobit.se.
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