Based on the information available, for the period of January-March 2014, the management forecasts record quarterly revenue* of 40 MSEK, which corresponds to achieving 45% revenue growth compared to the same period of 2013. As communicated in Q4 2013 report, the management expects profitable and cash flow positive first quarter.
The group’s development office in Kharkov, Ukraine continues business as usual and has not been affected by recent events. As communicated in Q4 2013 report, G5 holds intellectual property rights and backs up critical code and materials outside of Ukraine, and only transfers funds to subsidiaries in Ukraine and elsewhere on an as-needed basis.
* G5 reports revenue net of application store fees, which may represent up to 30% of end user price.
The group’s interim report for the period January-March 2014 is going to be released on 15th May 2014.
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