Starbreeze is the latest company to reveal its financial results for 2020, and while the news isn?t exactly positive, it?s not completely doom and gloom either. The company has managed to reduce its losses when compared to 2019 despite declining sales. However, if the company doesn?t manage to find a publisher for Payday 3 soon, their chances of survival aren?t looking good.
Starbreeze reduced their losses to SEK 49.3 million ($5.9 million) in 2020, down from SEK 116.5 million ($14 million) last year. According to CEO Tobias Sjögren, this is because the company ?executed two capital raises during the year and paid off a large proportion of our debts?. The company has finally managed to stabilize itself after undergoing reconstruction that involved the cancellation of Overkill?s The Walking Dead, selling off subsidiaries, selling publishing rights to games like System Shock 3, laying off staff and several applications to extend the deadline before administrators took over.
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