VG247 » funcom q4 financials 2008 http://www.vg247.com VG247.com Wed, 15 Feb 2012 04:14:24 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Age of Conan subs hit 100,000, Funcom CFO resigns following $23.3 million loss http://www.vg247.com/2009/02/23/age-of-conan-subs-hit-100000-funcom-cfo-resigns-following-233-million-loss/ http://www.vg247.com/2009/02/23/age-of-conan-subs-hit-100000-funcom-cfo-resigns-following-233-million-loss/#comments Mon, 23 Feb 2009 15:30:32 +0000 Patrick Garratt http://www.vg247.com/?p=21970 ageofconan14

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.

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