INTERIM REPORT 1 JULY- 30 SEPTEMBER 2021

Delivering more with lower cost. We have reduced our workforce but nevertheless increased our delivery capacity. The multimaker that allows users to create together, is fixed as the top priority sub-goal as it is a development of our product that takes advantage of our unique features and fits in with the committed users we have today.

QUARTER JULY 1 - SEPTEMBER 30 IN SUMMARY

  • The Group's net sales during the quarter were SEK 0 thousand (SEK 21 thousand).
  • Net income amounted to SEK -4,569 thousand (SEK -4,080 thousand) or SEK -0.30 (SEK -0.38) per share before dilution.
  • Net cash flow before financial items was SEK 6,835 thousand (SEK -5,209 thousand)
  • The company's cash and cash equivalents at the end of the quarter amounted to SEK 35,619 thousand (SEK 7,504 thousand).
  • The Group's equity at the end of the quarter amounted to SEK 61,971 thousand (SEK 30,322 thousand).
  • Average customer acquisition cost (cost per purchased visitor) has been reduced further and landed at SEK 0.25 on average over the quarter against SEK 0.39 in Q2.
  • Revenue per thousand views of still image advertising went up to SEK 7 in the last month of the quarter, compared with SEK 2 in June. However, there is little revenue while the multimaker is being tested.

PERIOD JANUARY 1 - SEPTEMBER 30 IN SUMMARY

  • The Group's net sales during the period was SEK 1 thousand (SEK 115 thousand)
  • Net result amounted to SEK -15,178 thousand (SEK -11,350 thousand) or SEK -1.01 (SEK -1.13) per share before dilution.
  • Net cash flow before financial items was SEK -21,785 thousand (SEK -15,403 thousand

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Adventure Box has appointed a new CEO, Rickard Riblom took over as the new CEO of Adventure Box on October 11, 2021.
  • Board member Christine Rankin has, at her own request, chosen to leave her position as a member of Adventure Box's board.
  • The Board of Directors of Adventure Box Technology AB (publ) received a letter from shareholders on October 27, in which it is requested that the Board convene an Extraordinary General Meeting where the election of the Board is to be considered.
  • The shareholders are called to the Extraordinary General Meeting on Thursday, December 16, 2021 at 14:00 in the Company's premises at Sveavägen 166, Stockholm.
  • CFO Sofia Nilsson has decided to leave her current position in Adventure Box. The process of appointing her successor has begun.
  • The multimaker is delayed. Intensive development work is currently underway to make the new game form "Multimaker" so good that the successive launch can begin in January.
  • Adventure Box restructures the company. The company will in 2022 achieve a cost saving of about 35% given the changes made.

The report is attached to this press release and is available via the following link: https://corp.adventurebox.com/en/investors/financial-reports/

This information is such that Adventure Box Technology AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. Information was provided through the above contact persons' publication for publication on 25 November 2021 at 8:32 CET.

FOR MORE INFORMATION CONTACT:

Rickard Riblom, CEO Adventure Box, +46 (0)70 444 24 79,
[email protected], corp.adventurebox.com

ABOUT ADVENTURE BOX TECHNOLOGY AB

Adventure Box, the leading social cloud gaming platform for user-created games, makes it easy and fun to make, share and play 3D games online. The company's world-leading streaming technology is patent protected. Founded in Stockholm 2014, the company also has staff in Paris, Seville, Malta, Cobenhagen, Madrid and Riga. Adventure Box is traded at Nasdaq First North Growth Market under the short name ADVBOX and ISIN code SE0012955276. Aktieinvest FK AB with email [email protected] and phone number +46 739 49 62 50 is the company's Certified Adviser.

NY CFO TILL ADVENTURE BOX

Adventure Box rekryterar som ny Chief Finance Officer Hans Richter. Hans återinträder i rollen som CFO på bolaget där han innehade positionen 2019 - 2021. Han tillträder sin tjänst den 1 februari 2022 och efterträder avgående CFO Sofia Nilsson.


NEW CFO FOR ADVENTURE BOX

Adventure Box is recruiting Hans Richter as the new Chief Finance Officer. Hans re-enters the role of CFO at the company where he held the position 2019 - 2021. He will take up his position on 1 February 2022 and succeed retiring CFO Sofia Nilsson.


ADVENTURE BOX: ANVÄNDARSKAPAT INNEHÅLL DRIVER SPELSESSIONSLÄNGDEN

Spelsessionslängden hos återvändande användare ökade under december med 29% jämfört med november, från sju minuter i november till nio minuter i december.


ADVENTURE BOX: USER-CREATED CONTENT DRIVES GAME SESSION LENGTH

The game session length for returning users increased by 29% in December, from seven minutes in November to nine minutes in December.


ADVENTURE BOX MEDDELAR ATT DEN EXTRA BOLAGSSTÄMMAN DEN 16 DECEMBER 2021 STÄLLS IN OCH ATT STYRELSELEDAMOTEN CHRISTOPHER KINGDON AVGÅR PÅ EGEN BEGÄRAN

Styrelsen för Adventure Box Technology AB (publ) ("Adventure Box" eller "Bolaget") har idag mottagit besked från minoritetsägare i Bolaget att de inte längre anser att det finns anledning att genomföra den extra bolagsstämma som sammankallats att hållas den 16 december 2021, på begäran av minoritetsägare i Bolaget. Styrelsen har därför beslutat att ställa in extra bolagsstämman den 16 december 2021. Vidare har styrelsen idag mottagit besked från Bolagets styrelseledamot Christopher Kingdon att han med omedelbar verkan avgår från sin post som styrelseledamot i Bolaget.


ADVENTURE BOX ANNOUNCES THAT THE EXTRAORDINARY GENERAL MEETING 16 DECEMBER 2021 IS CANCELLED AND THAT THE BOARD MEMBER CHRISTOPHER KINGDON RESIGNS AT HIS OWN REQUEST

The Board of Directors of Adventure Box Technology AB (publ) ("Adventure Box" or the "Company") has today received a notification from the minority shareholders stating that they no longer see any reason to hold the Extraordinary General Meeting convened to be held 16 December 2021, by request of minority shareholder in the Company. The Board of Directors has therefore resolved to cancel the Extraordinary General Meeting on 16 December 2021. Furthermore, the Board of Directors has today been informed by the Company's Board member Christopher Kingdon that he will resign with immediate effect from his position as Board member of the Company.


ADVENTURE BOX: STYRKAN MED ANVÄNDARSKAPAT INNEHÅLL

Andelen återvändande användare ökade med tre procentenheter jämfört med oktober till 22%, trots att nyutveckling bara gjorts på den ännu ej släppta Multimakern. Detta visar på styrkan med att låta användarna själva skapa spelen.


ADVENTURE BOX: STRENGTH THROUGH USER-CREATED CONTENT

The proportion of returning users increased by three percentage points compared to October to 22%, despite only having new development in the not yet released Multimaker. This increase shows the power of letting users create the games themselves.


DELÅRSRAPPORT 1 JULI-30 SEPTEMBER 2021

Att leverera mer med lägre kostnader. Vi har minskat personalstyrkan men trots detta ökat vår leveranskapacitet. Multimakern, som gör att användare kan skapa tillsammans, ligger fast som första prioritet och delmål då det är en utveckling av vår produkt som utnyttjar våra unika säljfördelar och passar ihop med de engagerade användare vi har idag.


INTERIM REPORT 1 JULY- 30 SEPTEMBER 2021

Delivering more with lower cost. We have reduced our workforce but nevertheless increased our delivery capacity. The multimaker that allows users to create together, is fixed as the top priority sub-goal as it is a development of our product that takes advantage of our unique features and fits in with the committed users we have today.


ADVENTURE BOX STRUKTURERAR OM I BOLAGET

Adventure Box har påbörjat en förändring i bolaget. Med minskad personal, lägre kostnader och ett tydligt syfte att leverera snabbare ska bolaget satsa ännu mer på multimakern.


ADVENTURE BOX RESTRUCTURES THE COMPANY

Adventure Box to invest more in its multi maker platform with reduced staff, lower costs and a clear purpose for faster delivery


ADVENTURE BOX: MULTIMAKER-LANSERINGEN SENARELÄGGS TILL Q122

Ett intensivt utvecklingsarbete pågår för närvarande med att göra den nya spelformen "Multimaker" så pass bra att en successiv lanseringen kan påbörjas i nästa kvartal.


ADVENTURE BOX: MULTIMAKER LAUNCH POSTPONED UNTIL Q122

Intensive development work is currently underway to make the new game form "Multimaker" so good that a successive launch can begin in the next quarter.


Adventure Box CFO lämnar bolaget

CFO Sofia Nilsson har idag beslutat att lämna sin nuvarande position i Adventure Box.


Adventure Box CFO leaves the company

CFO Sofia Nilsson has today decided to leave her current position in Adventure Box.




ENGAGERAD VALBEREDNING UTSEDD INFÖR ADVENTURE BOX ÅRSSTÄMMA 2022

Femte största ägare i Adventure Box, Peter Hamberg tar plats i Adventure Box valberedning tillsammans med Annariika Kingdon och nionde störste ägaren Jonas Nordström.


DEDICATED NOMINATION COMITTEE APPOINTED FOR ADVENTURE BOX ANNUAL GENERAL MEETING 2022

The fifth largest owner in Adventure Box, Peter Hamberg takes a seat on Adventure Box's nomination committee together with Annariika Kingdon and ninth largest owner Jonas Nordström.


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