Report11 bit studios
Half-Year Report of 11 bit studios S.A.: First Six Months of 2023
77 pages~167 min full read
Key insights
7 takeaways · ~3 min read- 0111 bit studios S.A.'s net profit for the first half of 2023 was PLN 4,013,206, a significant 73.39% decrease from PLN 15,083,777 in the same period of 2022, with the net profit margin falling to 16.20% from 32.96%.See it on page 7
- 02Total revenue for the first six months of 2023 was PLN 24,775,454, down 45.87% from PLN 45,769,806 in the corresponding period of the previous year, primarily due to the natural aging of proprietary and publishing portfolios and a high comparative base from H1 2022.See it on page 61
- 03The US market was the largest revenue contributor in H1 2023, generating PLN 18,144,825, though this was a decrease from PLN 35,936,180 in H1 2022.See it on page 20
- 04Cash and cash equivalents increased to PLN 38,951,881 as of June 30th, 2023, up from PLN 30,585,991 at the end of 2022, with 66.47% deposited with Powszechna Kasa Oszczędności Bank Polski S.A.See it on page 33
- 05The company's publishing division is actively developing five titles, including 'The Thaumaturge' and 'The Invincible,' with a total investment budget of approximately PLN 50 million, and is also working on a mobile, free-to-play version of 'Frostpunk'.See it on page 58
- 06Net cash provided by operating activities decreased by 87.85% to PLN 2,925,962 in H1 2023, compared to PLN 24,080,772 a year earlier, partly due to growing trade receivables including payments from Microsoft Corporation.See it on page 67
- 07The company's share capital increased due to the issue of 37,055 Series G shares for PLN 3,830,745.90 as part of the 2017-2019 Incentive Scheme.See it on page 51
Summary
HALF-YEAR REPORT OF 11 BIT STUDIOS S.A. FOR THE SIX MONTHS ENDED JUNE 30TH DEAR SHAREHOLDERS AND INVESTORS, We are pleased to share with you our half-year Gamescom, the largest European trade fair held in report for the first six months of 2023. We invite you Cologne, Germany, where they are garnering highly to read it, and we believe it will provide you with a favourable feedback. wealth of compelling and valuable insights .
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