- 01
11 bit studios achieved its third consecutive year of profitability in 2013, with net sales revenue growing 28% year-over-year to 4.3 million PLN.
- 02
Net profit declined to approximately 1.01 million PLN as operating costs rose by 44.9%, driven by increased personnel expenses and the simultaneous development of three major titles including This War of Mine and Anomaly Defenders.
- 03
The company maintained a strong financial position with 3.74 million PLN in cash reserves and total assets of 8.7 million PLN, allowing for self-funded operations heading into 2014.
- 04
Over 93% of the company's revenue was generated from foreign markets, creating significant exposure to USD/PLN currency fluctuations.
- 05
To diversify revenue and reduce reliance on third-party platforms, the firm launched the '11 bit launchpad' publishing initiative and the 'Games Republic' digital distribution platform.
- 06
Management mitigated labor market risks by implementing internal training systems to address the shortage of specialized talent in Poland.