Report11 bit studios
Interim Financial Report: Nine Months Ended September 30th 2019
29 pages~91 min full read
Key insights
7 takeaways · ~3 min read- 0111 bit studios S.A. reported revenue of PLN 49,430,023 for the first nine months of 2019, a 17.09% decrease year-on-year.See it on page 14
- 02Basic earnings per share significantly dropped from PLN 12.47 in the nine months ended September 30, 2018, to PLN 4.38 in the same period of 2019.See it on page 18
- 03The company is actively developing "Projekt 10" and aims to release one proprietary game annually, while its publishing division plans for three to four external game debuts each year.See it on page 3
- 04Moonlighter and Children of Morta (PC version) were financial successes, boosting the company's position as a global game publisher; Moonlighter sales were particularly strong on Nintendo Switch, especially in Japan.See it on page 28
- 0511 bit studios S.A. is expanding its workforce, projecting approximately 140 employees by the end of 2019 and potentially 180-200 in 2020, coinciding with a move to new offices in Warsaw with space for up to 300 employees.See it on page 3
- 06Depreciation and amortisation expenses increased from PLN 2,902,252 in the nine months ended September 30, 2018, to PLN 4,580,558 in the same period of 2019.See it on page 19
- 07The company made a donation of PLN 230,316 to the War Child foundation in the reporting period, down from PLN 648,755 in the prior year.See it on page 15
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 2018, including notes, for the period of 12 months ended December 31st 2018, prepared in accordance with the IFRS as endorsed by the EU.
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