FundedByMe announces preliminary figures for the first quarter of 2020 (Q1 2020)*
Due to the market situation, where extraordinary events affect all companies, FundedByMe has today decided to present preliminary figures for the first quarter of 2020.
Operating profit for the first quarter of 2020 was tentatively SEK -2.6 million, which is an improvement of SEK 4.9 million (loss decreased by 65%) compared to the first quarter of 2019, which was SEK -7.6 million. Operating expenses during the quarter were preliminary MSEK 7.0, which is an improvement of MSEK 5.9 (expenses decreased by 46%) compared with the corresponding period last year, which was MSEK -12.9. Revenue decreased by 18% from last year's SEK 5.3 million to SEK 4.3 million this year.
- Due to the ongoing crisis and the effects it has caused, we have decided to present preliminary figures for the first quarter. We normally only report half-year figures, but given the extraordinary market situation, we have chosen to go out with these for the first quarter as well, says FundedByMe's CEO Daniel Daboczy.
Due to the figures released today, FundedByMe calls for a live broadcast press conference via Laika's service Pressträff Direkt at 16.00 on Tuesday, May 19, 2020. At the press conference, Daniel Daboczy will also in general terms explain the market situation and activities around crowdfunding and fundraising in recent months, and present the new board elected at the AGM on May 14, 2020. Link to the live broadcast press conference here: https://bit.ly/2WGqCul
*English translation for convenience only
This information is such information that FundedByMe AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted, for publication, through the contact person below, on May 19, 2020.
For further information, please contact:
FundedByMe Crowdfunding Sweden AB
Daniel Daboczy, CEO
Mobile: +46 (0) 73 6269985
Email: daniel@fundedbyme.com
About FundedByMe
FundedByMe is a tech company, focusing on the financial markets. Today the company offers a digital and global platform for financial support for startups and growth companies around the globe. Customers sign up online where they are able to book their investment interest in different companies. The company consists of FundedByMe.com, Feminvest and Laika Consulting, as well as 6 joint ventures in Finland, Malaysia, Singapore, Poland, The Netherlands, and Dubai/UAE. Together the group reaches over 269,000 registered investment members globally. For more information visit www.fundedbyme.com
