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24h technologies ab (24H) Details

Mavshack AB (publ) provides entertainment content. It operates a subscription-based Internet TV service offering Asian movies in HD, TV shows, and music videos. The company’s audience primarily consists of Indians, Filipinos, Indonesians, and Chinese people. It also offers advertising services. The company was formerly known as 24h Technologies AB and changed its name to Mavshack AB (publ) in April 2013. Mavshack AB (publ) was founded in 2007 and is based in Stockholm, Sweden.

Founded in 2007

24h technologies ab (24H) Top Compensated Officers

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24h technologies ab (24H) Key Developments

Mavshack AB (publ) Reports Group and Parent Earnings Results for the First Quarter Ended March 31, 2015

Mavshack AB (publ) reported group and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported net revenues of SEK 52,297 against SEK 5,167,147 million a year ago. Operating loss was SEK 10,877,309 against SEK 13,090,735 a year ago. Net loss was SEK 12,583,305 or SEK 0.17 per share against SEK 13,115,250 or SEK 0.24 per share a year ago. Cash outflow from operating activities was SEK 1,166,803 against SEK 7,863,375 a year ago. Investments in intangible assets were SEK 51,869 compared to SEK 345,880 a year ago. For the quarter, on parent basis, the company reported net revenues of SEK 1,719 against SEK 82,085 a year ago. Operating loss was SEK 3,185,950 against SEK 3,680,166 a year ago. Net loss was SEK 4,836,373 against SEK 3,622,524 a year ago.

Mavshack AB (publ) Reports Unaudited Group Fourth Quarter and Parent and Group Earnings Results for the Year Ended December 31, 2014

Mavshack AB (publ) reported earnings results for the fourth quarter and year 2014. For the quarter, the company reported net sales of SEK 15.623 million against SEK 2.052 million a year ago. Operating profit was SEK 4.980 million against SEK 6.361 million a year ago. Net results were SEK 6.097 million or SEK 0.17 per share against SEK 6.311 million or SEK 0.24 per share a year ago. Cash from operating activities was SEK 6.159 million against SEK 5.619 million a year ago. The revenue is mainly a result of cooperation with local partners and distributors that purchase pre-paid subscription vouchers. For the year, on group basis, the company reported total revenue of SEK 54.800 million against SEK 5.432 million a year ago. Operating profit was SEK 30.929 million against SEK 13.844 million a year ago. Net results were SEK 33.889 million or SEK 0.96 per share against SEK 14.021 million or SEK 0.53 per share a year ago. Cash from operating activities was SEK 31.664 million against SEK 11.290 million a year ago. For the year, on parent basis, the company reported total revenue of SEK 391,568 against SEK 648,629 a year ago. Operating profit was SEK 18.387 million against SEK 7.852 million a year ago. Net results were SEK 20.947 million against SEK 12.749 million a year ago. Cash from operating activities was SEK 32.063 million against SEK 20.220 million a year ago.

Mavshack AB (publ) to Report Q1, 2015 Results on Apr 29, 2015

Mavshack AB (publ) announced that they will report Q1, 2015 results on Apr 29, 2015

 

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