505 Games
CompanyItaly
Documents about 505 Games
Financial report15 pages
Remedy Financial Statements Release 2018
Remedy Entertainment’s 2018 financial statements detail a period of significant organizational growth and strategic investment.
- Remedy reported 2018 revenue of 20.1 million euros, a 17.3% increase over 2017, while operating profit (EBIT) fell 69.6% to 0.6 million euros.
- The decline in operating profit was driven by a 34% increase in headcount and high operational costs associated with the full production phase of the game Control.
- The company transitioned to a multi-project development model, prioritizing infrastructure and personnel investments that were expensed rather than capitalized.
Remedy EntertainmentFeb 2019
Financial report14 pages
Remedy Financial Statements Release 2017
The 2017 financial statements for Remedy Entertainment reflect a transitional year defined by significant growth investments, an initial public offering (IPO), and the scaling of internal development capabilities.
- Remedy Entertainment transitioned to a multi-project model in 2017, resulting in a 49.2% decline in operating profit to €2.0 million and a 57.5% drop in earnings per share to €0.122.
- Revenue grew by 4.6% to €17.2 million, supported by development fees from two concurrent projects and legacy title royalties.
- The company ended 2017 with €20.7 million in net cash, significantly bolstered by its May 2017 IPO on the First North Finland market.
Remedy EntertainmentFeb 2018