Summary of the second quarter 2014

This is a summary of the second quarter 2014 interim report published today. The complete second quarter 2014 interim report with tables is available at

· Net sales for the period amounted to SEK 9.2 million (0.9 million)
· Operating profit for the period amounted to SEK -14.9 million (-3.9 million)
· Profit after tax amounted to SEK -14.9 million (-3.9 million)
· Earnings per share amounted to SEK -0.47 (-0.18)

Key figures

  Q2 2014 Q2 2013  FY 2013 FY 2012
Total liabilities (KSEK) 31 366  13 135 23 285  15 458
Solvency (%) 26  71  77 16
Earnings per share before dilution (SEK) -0,48 -0,18 -0,53 -0,45
Earnings per share after dilution (SEK) -0,44 -0,16 -0,44 -0,42
Number of shares before dilution 31 458 545 21 151 284 26 383 864 17 402 460
Number of shares after dilution 33 958 546 23 651 284  31 383 864  18 902 460

Significant events during the period
· Mavshack signs cooperation agreement with Rebtel, one the world's leading mobile VoIP providers
· Mavshack signs an affiliate agreement with INOX, India's second largest cinema chain
· Mavshack Philippines enters partnership agreement with large eGaming operator, Mineski
· Mavshack is listed at NASDAQ OMX First North
· Mavshack implement a reverse stock split, each 20 shares will be merged into one new share

CEO comment in summary
The quarter has gone by in a rapid pace with hard work and a favourable development for Mavshack. We have
increased the number of titles, especially from Bollywood, increased the number of registered users and
additionally increased revenue per user from SEK 10 to 13. Meanwhile, we have done a number of very
important recruitments and since June 16 we are listed on NASDAQ OMX First North.

We end the quarter with over 780,000 registered users and abide by the previously announced goal of
reaching 2 million registered users by year-end. An equally important goal is to increase profitability per user
and the prospect for this looks very good, as mentioned above, from SEK 10 to 13 per user.

A prerequisite for achieving the goal is to continue to develop the service and increase the content with new
titles, which is an on-going work. Our strategic partnerships have proven very successful for customer
acquisition, especially the collaboration with INOX, India's second largest cinema chain and Mineski, one of the
largest Filipino gaming sites.

We are catching up with the recruitment and have successfully recruited a number of key persons both in
India, China and Sweden, especially in sales, marketing and development. We are pleased to have recruited a
director of our China operations, a person who will play a key role in Mavshack. In doing so, we are
establishing an office in Beijing and thereby intensify the company's China investment. Additionally, we have
recruited a person who will lead our new development office in Växjö, Sweden where parts of future technical
developments will occur.

The move from AktieTorget to NASDAQ OMX First North was an important step for Mavshacks
opportunities to access capital and thereby finance our expansion, particularly in the Chinese market.

Next reporting date:
Interim report for quarter 3 is published on October 17, 2014.

The full report can be downloaded at

Stockholm July 18, 2014

Jonas Litborn,
CEO Mavshack

For more information, please contact
Jonas Litborn
President and CEO
[email protected]
+46 70 640 07 40

Marika Khodr
Brand Manager
[email protected]
+46 70 640 68 83

About Mavshack AB
Mavshack runs one of the world's fastest growing Internet TV service with Asian movies in HD, music videos
and TV shows without commercials. The service is accessible from any Internet-connected device at a low
monthly fee and based on streaming technology. Already today Mavshack has the largest library of Filipino and
Indian titles and has signed an agreement with Asia's leading content providers.

Mavshack is a Swedish company listed on NASDAQ OMX First North under the ticker MAV. Certified Adviser is Erik Penser AB. More information about the company is available at

Om Mavshack

Mavshacks är en streaming SVOD-tjänst (Streaming Video on Demand) som erbjuder asiatisk underhållning till människor runt om i världen.



Få löpande information från Mavshack via e-post.


Kurs ()
Förändring ()
Marknad Nasdaq First North Growth Market Kortnamn MAV ISIN-kod SE0020998854 Certified Adviser Carnegie Investment Bank