Cloud Imperium Games bounced back from a disappointing July, recording $3.5 million in revenue in August according to the CCU Game dashboard. While approximately $250,000 below July's figure, last month's ship and vehicle sales represents a 16.3% year-over-year increase from August 2023's total of $3 million. For the year, the company's revenue is up 0.9%, with this year's total of $61.6 million only $537 thousand more than revenue over the first eight months of 2023.
For those who keep track of new accounts (aka "new citizens"), July's 27,021 was 17.8% more than the total of 22.944 in August 2023. For the year, new account creation is down 25.7% for the first eight months of 2024 compared to the same period in 2023.
Overall, the recorded sales tracked on the CCU Game dashboard is $719.0 million since the launch of the Kickstarter in October 2012. But Cloud Imperium has additional funding sources not tracked by the dashboard. Overall, the company has recorded $817.6 million in confirmed revenue (the funding page & the 2022 financial report).
- Sales/Pledges: $719.0 million (through 31 August 2024)
- Subscriptions: $33.0 million (through 31 December 2022)
- All other sources: $65.6 million (through 31 December 2022)
In addition, the company has received a total of $63.25 million in outside investment. According to the 2022 financial report, $4.8 million of the amount was returned to investors in 2020. Including the outside investment money, the total amount raised by CIG to create Squadron 42 and Star Citizen is $876.1 million.
The financial news for August turned around on Thursday with the launch of patch 3.24 and the accompanying $1 million in ship sales over the last three days of August. Up until the release of the patch, daily revenue in August averaged around $90,000/day. While sales are still down year-over-year 2.2% for the quarter, if patch 3.24 is received well a 3.2% year-over-year sales increase in September is an entirely reasonable expectation. The odds of increased sales increases the longer the current ship and equipment sale runs.
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