New Risk • Apr 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł390k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł390k free cash flow). Earnings have declined by 6.4% per year over the past 5 years. Revenue is less than US$1m (zł842k revenue, or US$231k). Market cap is less than US$10m (zł4.76m market cap, or US$1.31m). Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł226.2k (down 32% from 3Q 2024). Net loss: zł13.9k (loss narrowed 96% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 17
Now 20% overvalued Over the last 90 days, the stock has fallen 54% to zł0.22. The fair value is estimated to be zł0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. お知らせ • Nov 12
ECC Games S.A. to Report Q3, 2025 Results on Nov 14, 2025 ECC Games S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Buy Or Sell Opportunity • Oct 29
Now 25% overvalued Over the last 90 days, the stock has fallen 43% to zł0.23. The fair value is estimated to be zł0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. New Risk • Oct 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (zł1.5m revenue, or US$412k). Market cap is less than US$10m (zł9.92m market cap, or US$2.69m). お知らせ • May 13
ECC Games S.A., Annual General Meeting, Jun 09, 2025 ECC Games S.A., Annual General Meeting, Jun 09, 2025. Reported Earnings • Mar 23
Full year 2024 earnings released Full year 2024 results: Revenue: zł1.98m (down 55% from FY 2023). Net loss: zł467.0k (loss narrowed 54% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 28% per year. Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł251.1k (down 90% from 2Q 2023). Net loss: zł97.0k (loss narrowed 56% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. お知らせ • Jun 05
ECC Games S.A., Annual General Meeting, Jun 26, 2024 ECC Games S.A., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł682.6k (up 238% from 1Q 2023). Net loss: zł375.2k (loss widened 163% from 1Q 2023). Reported Earnings • Mar 26
Full year 2023 earnings released Full year 2023 results: Revenue: zł4.41m (up 435% from FY 2022). Net loss: zł1.02m (loss widened 33% from FY 2022). Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł854.5k (up 146% from 3Q 2022). Net loss: zł303.5k (loss widened 219% from 3Q 2022). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł2.53m (up zł2.39m from 2Q 2022). Net loss: zł221.6k (loss widened 17% from 2Q 2022). New Risk • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m (zł882k revenue, or US$215k). Market cap is less than US$10m (zł18.0m market cap, or US$4.40m). お知らせ • May 31
ECC Games S.A., Annual General Meeting, Jun 22, 2023 ECC Games S.A., Annual General Meeting, Jun 22, 2023, at 10:00 NZST - New Zealand Standard. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Net loss: zł142.7k (loss widened 5.4% from 1Q 2022). Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Net loss: zł768.6k (loss widened 65% from FY 2021). Reported Earnings • May 20
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł144.8k (down 36% from 1Q 2021). Net loss: zł135.5k (loss widened 141% from 1Q 2021). Reported Earnings • Nov 19
Third quarter 2021 earnings released The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: zł169.3k (up 59% from 3Q 2020). Net loss: zł121.1k (loss widened 2.8% from 3Q 2020). Reported Earnings • Mar 28
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: zł991.6k (down 70% from FY 2019). Net loss: zł73.8k (down 105% from profit in FY 2019). Is New 90 Day High Low • Mar 01
New 90-day low: zł1.91 The company is down 12% from its price of zł2.17 on 01 December 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 30% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: zł2.24 The company is up 4.0% from its price of zł2.16 on 01 September 2020. The Polish market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 13% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 15% share price gain to zł2.21, the stock is trading at a trailing P/E ratio of 42.5x, up from the previous P/E ratio of 37x. This compares to an average P/E of 35x in the Entertainment industry in Poland. Total returns to shareholders over the past year are 13%. Is New 90 Day High Low • Oct 05
New 90-day low: zł1.83 The company is down 35% from its price of zł2.81 on 07 July 2020. The Polish market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 3.0% over the same period.