11 bit studios S.A. (WSE: 11B)

11 bit studios Income Statement

Financials in millions PLN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	124.65	52.27	74.21	70.12	87.1	71.22
Other Revenue	-0.06	-	-	-	-	-
Revenue	124.59	52.27	74.21	70.12	87.1	71.22
Revenue Growth (YoY)	154.43%	-29.56%	5.82%	-19.49%	22.30%	-13.26%
Cost of Revenue	15.89	9.87	13.85	29.31	33.07	37.11
Gross Profit	108.71	42.4	60.35	40.81	54.03	34.11
Selling, General & Admin	35.71	27.18	28.61	-	-	-
Other Operating Expenses	4.87	3.47	5.89	1.87	2.76	1.77
Operating Expenses	46.37	34.82	40.39	10.79	13.03	8.19
Operating Income	62.33	7.58	19.96	30.03	41	25.92
Interest Expense	-2.62	-0.78	0.15	0.72	-0.66	-0.2
Interest & Investment Income	2.79	2.79	2.64	0.19	0.53	1.09
Earnings From Equity Investments	2.47	-0.17	-0.29	-	-	-
Currency Exchange Gain (Loss)	-3.27	-3.27	3.36	0.92	-0.01	0.27
Other Non Operating Income (Expenses)	-3.43	0.06	0.01	0	0.01	-0.02
EBT Excluding Unusual Items	58.27	6.21	25.83	31.86	40.88	27.06
Gain (Loss) on Sale of Investments	-6.49	-6.49	1.39	-0.03	0.01	-
Gain (Loss) on Sale of Assets	-0.02	-0.02	0.01	-	-0.24	0.02
Asset Writedown	-	-	-	-	-	-0.03
Pretax Income	51.76	-0.29	27.23	31.83	40.65	27.05
Income Tax Expense	5.04	-0.82	4.34	3.15	3.29	3.32
Net Income	46.72	0.53	22.89	28.69	37.36	23.73
Net Income to Common	46.72	0.53	22.89	28.69	37.36	23.73
Net Income Growth	992.79%	-97.70%	-20.20%	-23.22%	57.47%	-36.81%
Shares Outstanding (Basic)	1	2	2	2	2	2
Shares Outstanding (Diluted)	1	2	2	2	2	2
Shares Change (YoY)	-55.46%	0.26%	0.14%	0.42%	-1.15%	-
EPS (Basic)	31.75	0.22	9.66	12.17	16.13	10.37
EPS (Diluted)	31.49	0.22	9.53	11.96	15.64	9.82
EPS Growth	2369.41%	-97.70%	-20.32%	-23.53%	59.27%	-36.77%
Free Cash Flow	-35.49	-36.91	-12.75	12.06	7.91	27.21
Free Cash Flow Per Share	-23.92	-15.32	-5.31	5.03	3.31	11.26
Gross Margin	87.25%	81.11%	81.33%	58.20%	62.03%	47.90%
Operating Margin	50.03%	14.50%	26.90%	42.82%	47.08%	36.40%
Profit Margin	37.50%	1.01%	30.85%	40.91%	42.90%	33.31%
Free Cash Flow Margin	-28.49%	-70.62%	-17.18%	17.20%	9.08%	38.20%
EBITDA	65.4	9.03	21.04	30.89	51.27	32.35
EBITDA Margin	52.49%	17.27%	28.35%	44.05%	58.86%	45.42%
D&A For EBITDA	3.07	1.45	1.08	0.86	10.27	6.42
EBIT	62.33	7.58	19.96	30.03	41	25.92
EBIT Margin	50.03%	14.50%	26.90%	42.82%	47.08%	36.40%
Effective Tax Rate	9.74%	-	15.93%	9.89%	8.09%	12.27%
Revenue as Reported	124.7	52.38	74.26	70.38	87.43	71.68

Source: S&P Capital IQ. Standard template. Financial Sources.