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Disregard, setting up new poll

TalonsinTalonsin Posts: 1,468Member Uncommon

Sorry folks, I used a quote from another site and it turned out to be wrong.  In the second quarter SV only had 572,934 SEK in NET Sales so please disregard this and I will make another poll since I cant change this one.  The ranges in the poll wont apply since the reference number was off. 

 

@Slap,

Am I reading this correctly? 

 

Second quarter:

Net Sales = 572,934 SEK

Profit = Negative 629,960 SEK

In order to break even they would of had to have expenses even to the sales so since they took a loss it means their total expenses were 572,934 (sales) plus losses (629,960) for a total of 1,202,894 SEK.  Basically they have twice the amount of expenses as they do sales.  Correct?

Comments

  • BurntvetBurntvet Baltimore, MDPosts: 2,938Member Uncommon
    What's that in Kroner? About $50?
  • HancakesHancakes flint, MIPosts: 1,045Member
    Originally posted by Talonsin

    From the second quarter financials:"Star Vault has released their second quarter finances for 2013. Following a rise in the first quarter, net sales dropped approximately 15% to $811,263"So if last quarters net sales were 811,263, what do you predict the third quarter sales are going to be?

     

    You seem to be confused, those numbers aren't even remotely accurate. Also all funds are in SEK, which equals $.16 USD 1.00 SEK= $.16USD...................





    SV Lost more money than they had in sales for both quarters and sales dropped by over 50%. (not 15%).............



    Source http://www.aktietorget.se/NewsItem.aspx?ID=66478





  • ZeerahaZeeraha ZagrebPosts: 67Member
    Originally posted by Hancakes
    Originally posted by Talonsin

    From the second quarter financials:

    "Star Vault has released their second quarter finances for 2013. Following a rise in the first quarter, net sales dropped approximately 15% to $811,263"

    So if last quarters net sales were 811,263, what do you predict the third quarter sales are going to be?

     

    You seem to be confused, those numbers aren't even remotely accurate. Also all funds are in SEK, which equals $.16 USD 1.00 SEK= $.16USD................... SV Lost more money than they had in sales for both quarters and sales dropped by over 50%. (not 15%)............. Source http://www.aktietorget.se/NewsItem.aspx?ID=66478

    I think OP calculation is correct. Reports show quartaly total sales. OP is comparing sales amount of 1st and 2nd quarter, sales dropped between these quarters 15% (numbers in brackets are last years numbers). As other info revenue between 2011 and 2012 dropped 21%.

    I predict that 3rd quarter will be worse than 2nd quarter because no major game updates were released in latest period. Slight increase will be recorded due to latest major update release. But significant increase in sales could be expected if Steam release goes well (Expected end of Q1/2014) and Territory control update (expected end of Q4/2013).

  • moguy2moguy2 Saint Peters, MOPosts: 337Member
    You didnt put the option that says " I dont give a crap this is just useless information ".
  • ToferioToferio RandomPosts: 1,403Member Uncommon
    Originally posted by moguy2
    You didnt put the option that says " I dont give a crap this is just useless information ".

    There is one, ctrl+W.

  • HancakesHancakes flint, MIPosts: 1,045Member
    Originally posted by Zeeraha
    Originally posted by Hancakes
    Originally posted by Talonsin

    From the second quarter financials:

    "Star Vault has released their second quarter finances for 2013. Following a rise in the first quarter, net sales dropped approximately 15% to $811,263"

    So if last quarters net sales were 811,263, what do you predict the third quarter sales are going to be?

     

    You seem to be confused, those numbers aren't even remotely accurate. Also all funds are in SEK, which equals $.16 USD 1.00 SEK= $.16USD................... SV Lost more money than they had in sales for both quarters and sales dropped by over 50%. (not 15%)............. Source http://www.aktietorget.se/NewsItem.aspx?ID=66478

    I think OP calculation is correct.

    Clearly they are not! 

     

     

    Summary of Interim Report 

     

    First half (2013-01-01 - 2013-06-30) 

     

    *? Net sales amounted to 1,245,031 SEK (1250412). 

    *? Profit after financial items amounted to SEK -1,100,429 SEK (-1,320,391). 

    *? Earnings per share amounted to approximately -0.03 SEK (-0.04). 

    *? The equity ratio at 2013-06-30 at approximately 87%. 

     

    Second quarter (2013-04-01 - 2013-06-30) 

     

    *? Net sales amounted to 572 934 SEK (605 375). 

    *? Profit after financial items amounted to SEK -629 960 SEK (-699,327). 

    *? Earnings per share were SEK -0.02 (-0.02). 

     

    1245031 Sek vs 572934  Sek is a drop of 54%

     

    In summary both quarters come to  $ 283702 USD in net sales, with a a total  loss of - $270035. 

  • Slapshot1188Slapshot1188 Boca Raton, FLPosts: 4,494Member Uncommon
    Originally posted by Hancakes
    Originally posted by Zeeraha
    Originally posted by Hancakes
    Originally posted by Talonsin

    From the second quarter financials:

    "Star Vault has released their second quarter finances for 2013. Following a rise in the first quarter, net sales dropped approximately 15% to $811,263"

    So if last quarters net sales were 811,263, what do you predict the third quarter sales are going to be?

     

    You seem to be confused, those numbers aren't even remotely accurate. Also all funds are in SEK, which equals $.16 USD 1.00 SEK= $.16USD................... SV Lost more money than they had in sales for both quarters and sales dropped by over 50%. (not 15%)............. Source http://www.aktietorget.se/NewsItem.aspx?ID=66478

    I think OP calculation is correct.

    Clearly they are not! 

     

     

    Summary of Interim Report 

     

    First half (2013-01-01 - 2013-06-30) 

     

    *? Net sales amounted to 1,245,031 SEK (1250412). 

    *? Profit after financial items amounted to SEK -1,100,429 SEK (-1,320,391). 

    *? Earnings per share amounted to approximately -0.03 SEK (-0.04). 

    *? The equity ratio at 2013-06-30 at approximately 87%. 

     

    Second quarter (2013-04-01 - 2013-06-30) 

     

    *? Net sales amounted to 572 934 SEK (605 375). 

    *? Profit after financial items amounted to SEK -629 960 SEK (-699,327). 

    *? Earnings per share were SEK -0.02 (-0.02). 

     

    1245031 Sek vs 572934  Sek is a drop of 54%

     

    In summary both quarters come to  $ 283702 USD in net sales, with a a total  loss of - $270035. 

    You are right.. and wrong.  You are comparing the 1st half to the 2nd quarter (which is included in the 1st half).

     

    That said... obviously 572934 SEK for the quarter is a lot less than the 811,000 USD in the OP.  572934 SEK is actually about $89,000  :-)

     

    Figure about $30,000 a month in revenue which I believe also includes all the donations.

     

    "I should point out that no other company has shipped out a beta on a disc before this." - Official Mortal Online Lead Community Moderator

    Starvault's reponse to criticism related to having a handful of players as the official "test" team for a supposed MMO: "We've just have another 10ish folk kind enough to voulenteer added tot the test team" (SIC) This explains much about the state of the game :-)

  • TalonsinTalonsin Posts: 1,468Member Uncommon

    My original numbers assumed SEK and came directly from the quote HERE.  Third post is where I quoted this from and I believe they were wrong to report it as USD, I think that number was in SEK.

     

    Could someone put up a link to where you are getting the 500k number for net sales from please?  Might need to adjust my poll.

     

    Also, if the 500k number is correct and the conversion of .16 applies, that means if we assume no donations and the price of a monthly sub is $15 then only 2000 subs exist for this game.  If you figure $2500 is donated each month out of the total net sales of $30,000 then that means about 1850 subs total.

  • VidirVidir GothenburgPosts: 944Member Uncommon
    What are they trying to sell?
  • argiropargirop AthensPosts: 300Member
    Originally posted by Vidir
    What are they trying to sell?

    Seaweed in the place of silk ribbons.

  • Slapshot1188Slapshot1188 Boca Raton, FLPosts: 4,494Member Uncommon
    Originally posted by Talonsin

     

    Could someone put up a link to where you are getting the 500k number for net sales from please?  Might need to adjust my poll.

     

    http://www.aktietorget.se/NewsItem.aspx?ID_News=66478&Language=2

     

    You will have to Google the translation.

    "I should point out that no other company has shipped out a beta on a disc before this." - Official Mortal Online Lead Community Moderator

    Starvault's reponse to criticism related to having a handful of players as the official "test" team for a supposed MMO: "We've just have another 10ish folk kind enough to voulenteer added tot the test team" (SIC) This explains much about the state of the game :-)

  • ZeerahaZeeraha ZagrebPosts: 67Member
    To break even, they have to be profitable and payoff their old debts. They can be profitable in a quarter or whole year, but they got indebt to payoff losses from previous years.
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