Payday 2 publisher Starbreeze has released its quarter one financials for the 2019 fiscal year. Revealing that it will not last a further 12 months without additional funding. Starbreeze had a disappointing 2018 following the release of Overkill’s The Walking Dead, forcing the publisher to sell off publishing rights.
Within the Q1 2019 financial reports acting CEO Mikael Nermark acknowledges that they are “in a challenging situation” after reporting the gross loss of 122,773 Swedish Krona ($12.8K/£9.8K). Nermark also states that the publisher is at risk of mid-year liquidity.
“I stand united with the entire Star-breeze team in the efforts to get the business in order. We have a very strong asset in Payday, which is the foundation upon which we will build Starbreeze future.” Nermark continued.
Starbreeze has already attempted to consolidate losses, having restructured in December 2018. The producer has also sold of the several publishing rights, including System Shock 3 and 10 Crowns. The report also talks briefly about the state of Overkill’s The Walking Dead. The game has since had its licensing agreement revoked, meaning that the game is no longer available for sale.
“Starbreeze and some of its subsidiaries have been in reconstruction since December 3,2018. The company currently lacks sufficient secured funds to continue operating for the coming 12 months and a liquidity shortfall is expected before mid-year 2019 if no additional funds are provided.”