Report11 bit studios
Interim Financial Report: Nine Months Ended September 30th 2019
29 pages~91 min full read
Key insights
4 slides
Revenue
Revenue fell 17.09% year-on-year in the first nine months of 2019.
11 bit studios S.A. reported revenue of PLN 49,430,023 for the first nine months of 2019. The company stated this was a 17.09% decrease year-on-year.
Earnings per share
Basic earnings per share dropped from PLN 12.47 to PLN 4.38.
Basic 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.
Game pipeline
The company aims to release one proprietary game annually.
11 bit studios S.A. is actively developing "Projekt 10" and aims to release one proprietary game annually. Its publishing division plans for three to four external game debuts each year.
Page 3 of the report- 01Develop Projekt 10Actively developing Projekt 10
- 02Release proprietary gameAims to release one proprietary game annually
- 03Publish external gamesPlans for three to four external game debuts each year
Headcount
The company projects approximately 140 employees by the end of 2019.
11 bit studios S.A. is expanding its workforce, projecting approximately 140 employees by the end of 2019 and potentially 180-200 in 2020. This coincides with a move to new offices in Warsaw with space for up to 300 employees.
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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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