Interim Financial Report: Nine Months Ended September 30th 2018

Key insights

5 takeaways · ~2 min read

01
11 bit studios S.A. reported a net profit of PLN 28,518,085 for the nine months ended September 30th, 2018, a significant turnaround from a loss of PLN 559,317 in the same period of 2017.See it on page 16
02
Revenue for the nine months ended September 30th, 2018, increased substantially to PLN 59,620,481, up from PLN 11,401,961 in the prior year, primarily driven by strong sales of "Frostpunk" and "Moonlighter" (released in Q2 2018) and continued sales of "This War of Mine."See it on page 16
03
The company's cash and cash equivalents, including bank accounts, deposits, and bonds, totaled PLN 61,672,165 as of September 30th, 2018, a substantial increase from PLN 31,229,866 at the end of 2017.See it on page 22
04
11 bit studios S.A. plans to release "Children of Morta" in early 2019, further develop "Frostpunk," and continue monetizing "This War of Mine," "Moonlighter," and "Beat Cop," with "TWoM: Stories – The Last Broadcast" and a Nintendo Switch version of "TWoM" released in November 2018.See it on page 15
05
The company made a significant donation of PLN 648,755 to the War Child Foundation in the reporting period, continuing its long-standing support for the charity.See it on page 18

Summary

These interim condensed financial statements have been prepared on a historical cost basis. They do not include all information and disclosures required in full-year financial statements and should be read in conjunction with the Company's full-year financial statements for 2017, including notes, for the period of 12 months ended December 31st 2017, prepared in accordance with the IFRS as endorsed by the EU.