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FRAGBITE Interim Report , Q2 2021 The foundation for our continuing journey is laid Second quarter 2021 ● Net revenue for the second quarter amounted to SEK 17.2 ( 2.5 ) million , an increase of 589 % . Adjusted EBITDA ( before items affecting comparability ) was SEK -2.9 ( -1.7 ) million . EBITDA for the second quarter amounted to SEK -4.5 ( -1.7 ) million . Items affecting comparability had an effect of SEK 1.6 million on earnings . Net result after tax was SEK -17.0 ( -6.2 ) million . Earnings per share after dilution amounted to SEK -0.20 ( -0.22 ) . ● First six months 2021 Net revenue for the first six months amounted to SEK 19.6 ( 2.9 ) million , an increase of 572 % . Adjusted EBITDA ( before items affecting comparability ) was SEK -3.6 ( -4.5 ) million . EBITDA for the first six months amounted to SEK -7.0 ( -4.5 ) million . Items affecting comparability had an effect of SEK 3.4 million on earnings . ● ● ● Important events for the first six months Acquisition of Fragbite AB on 28 February . Directed share issue of SEK 35.4 million before issue expenses completed in February . ● ● GROUP ● ● ● Net result after tax was SEK -24.4 ( -13.5 ) million . Earnings per share after dilution amounted to SEK -0.28 ( -0.47 ) . ● Two more directed share issues were carried out in April and May , which provided the company with SEK 31.7 million before issue expenses . Acquisition of Playdigious SAS on 31 May . Bank facility of SEK 15 million arranged through Nordea Startup & Growth . FunRock AB renamed Fragbite Group AB ( publ ) . Directed share issue of SEK 25 million before issue expenses completed in June . This new share issue was registered with the Swedish Companies Registration Office after the end of the reporting period . Important events after the end of the period The Board of Directors of Fragbite Group have subscribed for series TO2 2021/2022 warrants . The offering prior to listing on Nasdaq First North Growth Market was 788 percent subscribed and raised just over SEK 22 million before issue expenses . Trading in Fragbite Group's shares commenced on 12 July 2021 under the ticker FRAG . Exercise of over - allotment option and termination of stabilisation period . The AGM adopted the re - election of Niclas Bergkvist , Claes Kalborg and Dawid Myslinski as ordinary Board members and the election of David Wallinder and Sten Wranne as new Board members . The Meeting authorised the Board of Directors to decide on issues of shares , warrants and / or convertibles . Pro forma accounting for the second quarter and for the first six months A pro forma report has been prepared to show what the financial development would have been like if the most recent acquisitions Fragbite AB and Playdigious SAS had been acquired on January 1 , 2021 . Fragbite Group 2021 SEK thousand Revenue Adjusted EBITDA EBITDA * EBIT Apr - Jun Jan - jun Pro forma 2021 2021 2020 Pro forma 2021 17 202 2 495 32 603 781 -2 943 -1 731 54 909 4 194 813 -777 -4 502 -1 731 -16 779 -13 076 -14 383 -17 035 -6 209 -6 221 -16 428 -18 743 Profit / loss after tax * Earnings were affected by extraordinary costs of SEK 1,823 thousand in Q1 and SEK 1 , 558 thousand in Q2 . The costs are directly attributable to the IPO process . Interim report Q2 2021 Fragbite Group AB ( publ ) 2021 19 563 -3 587 -6 968 -24 172 -24 442 2020 2913 -4 491 -4 491 -13 208 -13 461 1 ( 13 )