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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.

13 Employees
Last Reported Date: 10/18/14
Founded in 2007

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24h technologies ab (24H) Key Developments

Mavshack AB (publ) Reports Earnings Results for the Third Quarter of 2014

Mavshack AB (publ) reported earnings results for the third quarter of 2014. For the period, the company reported net sales of SEK 20.9 million against SEK 0.8 million a year ago. Operating profit was SEK 2.1 million against loss of SEK 3.3 million a year ago. Profit after tax was SEK 0.5 million against loss of SEK 3.3 million a year ago. Earnings per share before dilution were SEK 0.02 against loss of SEK 0.13 a year ago. Net earnings per share after dilution were SEK 0.01 against loss of SEK 0.12 a year ago. During the third quarter, the company signed several contracts resulting in successful offline sales in India and the Philippines. This had a beneficial effect on Mavshacks turnover, which doubled from the second quarter. Due to this Mavshack shows a positive result.

Mavshack AB (Publ) Announces Sales Results for the Third Quarter of 2014

Mavshack AB (publ) announced sales results for the third quarter of 2014. The company doubles sales from SEK 9 million in the second quarter to over SEK 20 million in the third quarter. The company is close to break-even for the third quarter 2014.

Mavshack AB Announces Earnings Results for the Second Quarter of 2014; Establishes Office in Beijing

Mavshack AB announced earnings results for the second quarter of 2014. For the quarter, the company reported loss per share after dilution of SEK 0.44 against SEK 0.16 a year ago. Loss per share before dilution of SEK 0.48 against SEK 0.18 a year ago. Net sales for the period amounted to SEK 9.2 million against SEK 0.9 million a year ago. Operating loss for the period amounted to SEK 14.9 million against SEK 3.9 million a year ago. Loss before tax was SEK 14.9 million against SEK 3.9 million a year ago. The company announced that it is establishing an office in Beijing and thereby intensify the company's China investment.


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Price/Sales 4.8x
Price/Book 6.4x
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