- 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.