- 01
People Can Fly reported a net loss of 75.6 million PLN in 2023, largely driven by a 68.3 million PLN non-cash write-off following the cancellation of Project Dagger.
- 02
Consolidated revenue fell to 150.1 million PLN from 180.3 million PLN in 2022, a decline attributed to the previous year's high comparative base from a terminated Take-Two Interactive contract and the launch of Green Hell VR.
- 03
The company is implementing austerity measures, including office closures and spending freezes, to address liquidity concerns and rising costs associated with a 24% increase in headcount to 756 employees.
- 04
Development of AAA projects Bifrost and Victoria remains on track for 2025–2026, though the January 2024 launch of Bulletstorm VR failed to meet commercial expectations.
- 05
Profitability is currently pressured by ongoing negotiations with Square Enix regarding Project Gemini, which have negatively impacted project margins.
- 06
Management is actively exploring additional financing options to stabilize the company's financial position while continuing its strategic shift toward self-publishing and internal IP development.