From here, Starbreeze will be hoping to eventually be listed on the Nasdaq OMX Small Cap list. Starbreeze CEO Bo Andersson Klint said simply, "I would like to think that is what they call a turnaround." He added that he plans to "continue to move the company away from a survival strategy and towards a strategy focused on growth, sustained profits, and value maximization of our own brands." "We now have a large cash reserve, have created a stable cost structure, a modern business model, we have continued full control of our own brands, and have placed ourselves into a position where we have three games that generate royalties every single day," he added. The future isn't looking too bad for Starbreeze either. The company just signed a new $6 million agreement with publisher 505 Games, that will see it creating new content for Payday 2 for the next 20 months.
"I would like to think that is what they call a turnaround."
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Starbreeze's first 15 years: $14M losses. Starbreeze's last 6 months: $14M profits
Thanks to an incredible six months for Swedish developer Starbreeze Studios, the company has swung from losses to profits, and is now setting plans in motion to get itself listed on the Nasdaq OMX.