Punktid Technologies
Company Announcement

Punktid Technologies AS group's results for the first quarter of 2023

The sales of Punktid Technologies AS (hereinafter Punktid) in the first quarter of 2023 totaled EUR 702 000 and increased by 8% compared to the first quarter of 2022 (the sales of the first quarter of 2022 were EUR 6546 000). Of this, EUR 454 000 were the gross sum of the mediation service of the Punktid platform, which increased by 1% compared to the first quarter of 2022 (the gross sum of the mediation service in the first quarter of 2022 was EUR 449 999).

In addition, in the fourth quarter, the wholesale of HVK Business OÜ increased by 20% compared to the same period last year (the wholesale of the first quarter of 2022 was EUR 197 000 and the wholesale of the first quarter of 2023 was EUR 247 000). 

 “The sales volumes of the first quarter of 2023 increased compared to the same period of 2022.

The OpenAI technology for content production introduced at the beginning of the year has shown more than 80% efficiency and savings in the production of the same content. We have also tacitly adopted the goal of reaching a balance of costs and revenues as soon as possible, to achieve this result we have reduced expenses in marketing and in the form of cooperation partners, whose direct work did not bring in positive results within a reasonable period of time, additionally, higher development costs ended as of the end of March, and break even should come in the following months.

At the end of the first quarter, we launched the promised new platform, which you can read more about here https://view.news.eu.nasdaq.com/view?id=b3f7ba5ba68298671922877ff27a80f51&lang=en, the launch of the new platform required a lot of energy from the whole team during the whole quarter, to perform various tests and ensure that everything necessary is available by the time of launch. The new platform gives us the opportunity to continue fulfilling additional goals, which is the opening of new markets and thereby reach the 2023 retail turnover forecast of EUR 3 million,” commented Hannes Niid, a member of the management board of Punktid.

Contacts for additional information

Hannes Niid
Management Board Member of Punktid Technologies AS

E-mail: invest@punktid.com   

Punktid Technologies AS is a holding company established and operating in Estonia which has two subsidiaries, Gamekeys OÜ and HVK Business OÜ. Punktid group owns and develops the largest online sales environment for digital codes of video games, Nintendo, PlayStation and Xbox in Estonia, whereas:

• The main activity of Gamekeys OÜ is the mediation of the world's best-known video games and video game gift cards in an online environment and the related customer service and marketing both in Estonia and abroad; and
• The main activity of HVK Business OÜ is the wholesale of video games and gift cards for business customers, Punktid.com IT project development and sale of the right to use the Punktid.com platform.