Report11 bit studios
Quarterly Report for Nine Months Ended September 30th 2020
54 pages~94 min full read
Key insights
6 slides
Key number
Nine-month game sales revenue reached PLN 68,159,127.
Revenue from sales of computer games was PLN 68,159,127 in the nine months ended September 30th, 2020. The same period in 2019 produced PLN 49,430,023.
Third-party games
Third-party games accounted for approximately 28% of total revenue.
Revenue from third-party developed games, primarily Moonlighter and Children of Morta, accounted for approximately 28% of the Company's total revenue in the nine months ended September 30th, 2020.
Frostpunk launch
Frostpunk: The Last Autumn launched on January 21st, 2020.
The launch of Frostpunk: The Last Autumn was highly successful, driving sales of both the add-on and the base game, including the Frostpunk: Game of The Year edition.
Frostpunk pipeline
A mobile Frostpunk is in development with NetEase.
11 bit studios S.A. is developing a mobile version of Frostpunk in a free-to-play model with NetEase. A Frostpunk board game raised EUR 2,496,308 on Kickstarter.
Balance sheet
Total assets increased to PLN 187,586,047 as of September 30th, 2020.
Total assets increased to PLN 187,586,047 from PLN 155,668,388 at the end of 2019. Cash and cash equivalents rose to PLN 80,238,767 from PLN 14,882,519.
Restatement
The Company restated 2018 and 2019 financial data.
Restatement was due to adjustments in the accounting for the 2017-2019 Incentive Scheme and the recognition of perpetual usufruct rights to land.
Restatement. 11 bit studios S.A. restated financial data for 2018 and 2019.
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Summary
STUDIOS S.A.<sub>FOR </sub>NINE QUARTERLY REPORT OF 11 BITSTUDIOS S.A. FOR NINE MONTHS ENDED Dear Shareholders and Investors, It is our pleasure to present to you the report of 11 bit studios S.A. for the nine months ended September 30th 2020. The results for this period, which proved better than we assumed in the budget, clearly demonstrate that the consistent implementation of the Company's growth strategy is bringing measurable financial results.
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