Wednesday, March 1, 2023

Cloud Imperium Games Records $4.2 million In Sales In February 2023

In February, Cloud Imperial Games recorded $4.2 million in sales according to the funding goals page on the Roberts Space Industries website. Through the first two months of 2023, the makers of the upcoming Star Citizen and Squadron 42 games has sold $11.9 million in virtual spaceships and other assorted virtual goods. For the history of the project, CIG's surpassed $550 million, ending at $551.8 million.

February's total represents a 42.7% year-over-year decline in sales compared to February 2022. Due to seasonal effects I disregard month-over-month comparisons. For the year, sales are down 15.9% compared to the first two months of 2022.

A sub-par month of sales is not the end of CIG. The company has proven it can quickly raise money with the sales of new concept ships. A $2.2 million shortfall in revenue compared to 2022 is not a threat to the company's existence. But CIG may not expand as quickly as planned. I calculated that in order to expand the workforce another 15%, CIG would need to increase revenue between 13.8% to 18.5% in 2023. So CIG is approximately $4 million behind the minimum pace needed to maintain growth without feeling any fiscal pain.

Overall, CIG has raised $663.8 million from confirmed sources (the funding page & the 2021 financial report). The income breaks down as follows:

  • Sales/Pledges: $551.8 million (through 28 February 2023)
  • Subscriptions: $27.8 million (through 31 December 2021)
  • All other sources: $54.2 million (through 31 December 2021)

In addition, CIG received $63.25 million in investor funding in 2018 and 2019.

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