11 bit studios concluded its inaugural fiscal period (Dec 2009–Dec 2010) with a net loss of 231,199 PLN, consistent with a pre-revenue development phase focused on its debut title, Anomaly Warzone Earth.

According to "Annual Report of 11 bit studios S.A. for 2010": 11 bit studios concluded its inaugural fiscal period (Dec 2009–Dec 2010) with a net loss of 231,199 PLN, consistent with a pre-revenue development phase focused on its debut title, Anomaly Warzone Earth.

The company secured financial stability through share issuances that raised approximately 1.5 million PLN, resulting in a year-end cash balance of 731,783 PLN and a strong current ratio of 20.6.

According to "Annual Report of 11 bit studios S.A. for 2010": The company secured financial stability through share issuances that raised approximately 1.5 million PLN, resulting in a year-end cash balance of 731,783 PLN and a strong current ratio of 20.6.

By the end of 2010, the company had invested over 457,000 PLN into work-in-progress assets, establishing the operational infrastructure required for its multi-platform distribution strategy.

According to "Annual Report of 11 bit studios S.A. for 2010": By the end of 2010, the company had invested over 457,000 PLN into work-in-progress assets, establishing the operational infrastructure required for its multi-platform distribution strategy.

Founding shareholders maintained a 78.88% controlling stake, ensuring leadership continuity as the company transitioned into a publicly traded entity on Poland’s NewConnect market.

According to "Annual Report of 11 bit studios S.A. for 2010": Founding shareholders maintained a 78.88% controlling stake, ensuring leadership continuity as the company transitioned into a publicly traded entity on Poland’s NewConnect market.

Management identified high competition for development talent and restrictive licensing processes from platform holders like Sony and Microsoft as primary operational risks.

According to "Annual Report of 11 bit studios S.A. for 2010": Management identified high competition for development talent and restrictive licensing processes from platform holders like Sony and Microsoft as primary operational risks.

The company successfully obtained an unqualified audit opinion, confirming its status as a going concern and validating its corporate governance standards ahead of its first commercial product launch.

According to "Annual Report of 11 bit studios S.A. for 2010": The company successfully obtained an unqualified audit opinion, confirming its status as a going concern and validating its corporate governance standards ahead of its first commercial product launch.

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Key Insights

Annual Report of 11 bit studios S.A. for 2010

11 bit studios~76 min full read

01
11 bit studios concluded its inaugural fiscal period (Dec 2009–Dec 2010) with a net loss of 231,199 PLN, consistent with a pre-revenue development phase focused on its debut title, Anomaly Warzone Earth.
02
The company secured financial stability through share issuances that raised approximately 1.5 million PLN, resulting in a year-end cash balance of 731,783 PLN and a strong current ratio of 20.6.
03
By the end of 2010, the company had invested over 457,000 PLN into work-in-progress assets, establishing the operational infrastructure required for its multi-platform distribution strategy.
04
Founding shareholders maintained a 78.88% controlling stake, ensuring leadership continuity as the company transitioned into a publicly traded entity on Poland’s NewConnect market.
05
Management identified high competition for development talent and restrictive licensing processes from platform holders like Sony and Microsoft as primary operational risks.
06
The company successfully obtained an unqualified audit opinion, confirming its status as a going concern and validating its corporate governance standards ahead of its first commercial product launch.

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