Tag Archives: funcom q4 financials 2008

Funcom CFO Olav Sandnes has resigned after Funcom’s Q4 results showed a $23.3 million loss.

A stumbling Age of Conan was blamed for the decline. E24′s estimated today that subs for the MMO are now as low as 100,000.

“Funcom is a company with a substantial potential based on a unique combination of skill sets in a fast growing global market. I wish Trond Aas and the rest of the organisation all the best in realising the full potential of the company,” said Sandnes.

While Funcom’s cash position remains solid at $39.4 million, the company reported a full-year net loss of $33.8 million.

Thanks, GI.