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Key Insights
Annual Report of 11 bit studios S.A. for 2011
11 bit studios~92 min full read
- 01
11 bit studios achieved a significant financial turnaround in 2011, reporting a net profit of 1.29 million PLN compared to a 231,199 PLN loss in 2010.
See it on page 20 - 02
Net sales revenue grew by over 544% to 3.05 million PLN, driven primarily by the commercial success of the Anomaly Warzone Earth series.
See it on page 35 - 03
The company operates as a global entity with 96% of sales originating from foreign markets via digital platforms like Steam and the App Store.
See it on page 33 - 04
Revenue is highly sensitive to currency fluctuations, as 80-100% of income is denominated in USD, EUR, and GBP.
See it on page 38 - 05
Following a Series D share issuance, the company ended 2011 with 1.30 million PLN in cash and total assets exceeding 2.99 million PLN.
See it on page 34 - 06
The firm is currently funding the simultaneous development of four new game series and has set a revenue target of 12.7 million PLN for 2013.
See it on page 3 - 07
Operational risks include dependency on platform owners like Sony and Microsoft, which the company mitigates through diversification across open platforms and rigorous usability testing.
See it on page 37
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