View Past PerformanceIce Code Games バランスシートの健全性財務の健全性 基準チェック /26Ice Code Gamesの総株主資本はPLN6.0M 、総負債はPLN2.0Mで、負債比率は32.7%となります。総資産と総負債はそれぞれPLN14.1MとPLN8.1Mです。主要情報32.67%負債資本比率zł1.97m負債インタレスト・カバレッジ・レシオn/a現金zł1.77mエクイティzł6.02m負債合計zł8.08m総資産zł14.11m財務の健全性に関する最新情報分析記事 • Aug 07We Think Ice Code Games (WSE:ICG) Can Easily Afford To Drive Business GrowthThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...分析記事 • Feb 24We're Interested To See How Avatrix (WSE:AVT) Uses Its Cash Hoard To GrowEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...すべての更新を表示Recent updatesNew Risk • May 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-zł2.6m free cash flow). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł20.8m market cap, or US$5.68m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (zł5.8m revenue, or US$1.6m).New Risk • May 21New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł2.6m 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 (-zł2.6m free cash flow). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł20.5m market cap, or US$5.62m). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (zł5.8m revenue, or US$1.6m).New Risk • Mar 27New major risk - Revenue sizeThe company makes less than US$1m in revenue. Total revenue: zł3.7m (US$999k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m (zł3.7m revenue, or US$999k). Market cap is less than US$10m (zł25.8m market cap, or US$6.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-zł1.6m). Share price has been volatile over the past 3 months (8.7% average weekly change).Reported Earnings • Mar 25Full year 2025 earnings releasedFull year 2025 results: Revenue: zł3.72m (down 47% from FY 2024). Net loss: zł1.50m (loss narrowed 88% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.New Risk • Jan 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł35.8m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-zł2.6m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł35.8m market cap, or US$9.87m). Minor Risk Revenue is less than US$5m (zł5.8m revenue, or US$1.6m).お知らせ • Nov 06Ice Code Games S.A. to Report Q3, 2025 Results on Nov 05, 2025Ice Code Games S.A. announced that they will report Q3, 2025 results on Nov 05, 2025Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Net loss: zł1.46m (loss widened 72% from 2Q 2024).お知らせ • Apr 07Ice Code Games S.A., Annual General Meeting, May 07, 2025Ice Code Games S.A., Annual General Meeting, May 07, 2025.New Risk • Mar 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł2.1m 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 (-zł2.1m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł20.3m market cap, or US$5.24m). Minor Risk Revenue is less than US$5m (zł7.0m revenue, or US$1.8m).New Risk • Nov 27New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -zł2.6m This is considered a minor 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (zł21.5m market cap, or US$5.24m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-zł2.6m). Revenue is less than US$5m (zł7.7m revenue, or US$1.9m).Reported Earnings • Nov 18Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł4.49m (up 486% from 3Q 2023). Net income: zł661.4k (up zł1.62m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 18Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł1.1k (down 74% from 2Q 2023). Net loss: zł849.1k (loss narrowed 40% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł1.8k (down 40% from 1Q 2023). Net loss: zł1.05m (loss narrowed 1.4% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.New Risk • Apr 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.6% 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 (9.6% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (zł38.1m market cap, or US$9.57m). Minor Risk Revenue is less than US$5m (zł4.0m revenue, or US$1.0m).Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: zł3.99m (up 24% from FY 2022). Net loss: zł2.26m (loss widened 12% from FY 2022).お知らせ • Jan 28+ 3 more updatesIce Code Games S.A. to Report Nine Months, 2024 Results on Nov 12, 2024Ice Code Games S.A. announced that they will report nine months, 2024 results on Nov 12, 2024New Risk • Oct 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% 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 Less than 1 year of cash runway based on free cash flow trend (-zł570k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł877k revenue, or US$205k). Minor Risk Market cap is less than US$100m (zł44.5m market cap, or US$10.4m).New Risk • Oct 03New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł43.7m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-zł570k free cash flow). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł877k revenue, or US$199k). Market cap is less than US$10m (zł43.7m market cap, or US$9.92m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).New Risk • Aug 14New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł570k 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 (-zł570k free cash flow). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł877k revenue, or US$216k). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (zł44.5m market cap, or US$11.0m).Reported Earnings • Aug 14Second quarter 2023 earnings releasedSecond quarter 2023 results: Net loss: zł1.42m (down 319% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance.New Risk • Aug 03New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł38.4m (US$9.40m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m (zł2.9m revenue, or US$720k). Market cap is less than US$10m (zł38.4m market cap, or US$9.40m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).お知らせ • Jun 04Ice Code Games S.A., Annual General Meeting, Jun 28, 2023Ice Code Games S.A., Annual General Meeting, Jun 28, 2023, at 14:00 Central European Standard Time.お知らせ • Jan 20+ 2 more updatesIce Code Games S.A. to Report Q2, 2023 Results on Aug 11, 2023Ice Code Games S.A. announced that they will report Q2, 2023 results on Aug 11, 2023Buying Opportunity • Nov 09Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 48%. The fair value is estimated to be zł0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 83%.Buying Opportunity • Oct 05Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 35%. The fair value is estimated to be zł0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 83%.Buying Opportunity • Sep 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be zł0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 83%.分析記事 • Aug 07We Think Ice Code Games (WSE:ICG) Can Easily Afford To Drive Business GrowthThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...お知らせ • May 31Ice Code Games S.A., Annual General Meeting, Jun 23, 2022Ice Code Games S.A., Annual General Meeting, Jun 23, 2022, at 12:30 Central European Standard Time.分析記事 • Feb 24We're Interested To See How Avatrix (WSE:AVT) Uses Its Cash Hoard To GrowEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Is New 90 Day High Low • Feb 26New 90-day low: zł1.17The company is down 26% from its price of zł1.58 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 3.0% over the same period.Is New 90 Day High Low • Feb 08New 90-day low: zł1.23The company is down 4.0% from its price of zł1.28 on 10 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Interactive Media and Services industry, which is also down 4.0% over the same period.お知らせ • Jan 30+ 3 more updatesAvatrix S.A. to Report Q2, 2021 Results on Aug 03, 2021Avatrix S.A. announced that they will report Q2, 2021 results on Aug 03, 2021Is New 90 Day High Low • Dec 11New 90-day high: zł1.98The company is up 60% from its price of zł1.24 on 11 September 2020. The Polish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 5.0% over the same period.Is New 90 Day High Low • Nov 19New 90-day high: zł1.54The company is up 8.0% from its price of zł1.42 on 21 August 2020. The Polish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 12% over the same period.Is New 90 Day High Low • Oct 19New 90-day low: zł1.02The company is down 31% from its price of zł1.48 on 21 July 2020. The Polish market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 5.0% over the same period.Is New 90 Day High Low • Sep 26New 90-day low: zł1.05The company is down 29% from its price of zł1.48 on 26 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is flat over the same period.財務状況分析短期負債: ICGの 短期資産 ( PLN2.0M ) が 短期負債 ( PLN665.9K ) を超えています。長期負債: ICGの短期資産 ( PLN2.0M ) は 長期負債 ( PLN7.4M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: ICGの 純負債対資本比率 ( 3.4% ) は 満足できる 水準であると考えられます。負債の削減: ICGの負債対資本比率は、過去 5 年間で0%から32.7%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: ICGは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: ICGは、フリーキャッシュフローが毎年59.8 % の歴史的率で減少し続ける場合、キャッシュランウェイが 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YMedia 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 17:19終値2026/05/29 00:00収益2025/09/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ice Code Games S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • Aug 07We Think Ice Code Games (WSE:ICG) Can Easily Afford To Drive Business GrowthThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
分析記事 • Feb 24We're Interested To See How Avatrix (WSE:AVT) Uses Its Cash Hoard To GrowEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
New Risk • May 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-zł2.6m free cash flow). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł20.8m market cap, or US$5.68m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (zł5.8m revenue, or US$1.6m).
New Risk • May 21New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł2.6m 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 (-zł2.6m free cash flow). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł20.5m market cap, or US$5.62m). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (zł5.8m revenue, or US$1.6m).
New Risk • Mar 27New major risk - Revenue sizeThe company makes less than US$1m in revenue. Total revenue: zł3.7m (US$999k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m (zł3.7m revenue, or US$999k). Market cap is less than US$10m (zł25.8m market cap, or US$6.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-zł1.6m). Share price has been volatile over the past 3 months (8.7% average weekly change).
Reported Earnings • Mar 25Full year 2025 earnings releasedFull year 2025 results: Revenue: zł3.72m (down 47% from FY 2024). Net loss: zł1.50m (loss narrowed 88% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.
New Risk • Jan 15New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł35.8m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-zł2.6m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł35.8m market cap, or US$9.87m). Minor Risk Revenue is less than US$5m (zł5.8m revenue, or US$1.6m).
お知らせ • Nov 06Ice Code Games S.A. to Report Q3, 2025 Results on Nov 05, 2025Ice Code Games S.A. announced that they will report Q3, 2025 results on Nov 05, 2025
Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Net loss: zł1.46m (loss widened 72% from 2Q 2024).
お知らせ • Apr 07Ice Code Games S.A., Annual General Meeting, May 07, 2025Ice Code Games S.A., Annual General Meeting, May 07, 2025.
New Risk • Mar 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł2.1m 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 (-zł2.1m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (zł20.3m market cap, or US$5.24m). Minor Risk Revenue is less than US$5m (zł7.0m revenue, or US$1.8m).
New Risk • Nov 27New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -zł2.6m This is considered a minor 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (zł21.5m market cap, or US$5.24m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-zł2.6m). Revenue is less than US$5m (zł7.7m revenue, or US$1.9m).
Reported Earnings • Nov 18Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł4.49m (up 486% from 3Q 2023). Net income: zł661.4k (up zł1.62m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 18Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł1.1k (down 74% from 2Q 2023). Net loss: zł849.1k (loss narrowed 40% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł1.8k (down 40% from 1Q 2023). Net loss: zł1.05m (loss narrowed 1.4% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.
New Risk • Apr 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.6% 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 (9.6% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (zł38.1m market cap, or US$9.57m). Minor Risk Revenue is less than US$5m (zł4.0m revenue, or US$1.0m).
Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: zł3.99m (up 24% from FY 2022). Net loss: zł2.26m (loss widened 12% from FY 2022).
お知らせ • Jan 28+ 3 more updatesIce Code Games S.A. to Report Nine Months, 2024 Results on Nov 12, 2024Ice Code Games S.A. announced that they will report nine months, 2024 results on Nov 12, 2024
New Risk • Oct 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% 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 Less than 1 year of cash runway based on free cash flow trend (-zł570k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł877k revenue, or US$205k). Minor Risk Market cap is less than US$100m (zł44.5m market cap, or US$10.4m).
New Risk • Oct 03New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł43.7m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-zł570k free cash flow). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł877k revenue, or US$199k). Market cap is less than US$10m (zł43.7m market cap, or US$9.92m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).
New Risk • Aug 14New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł570k 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 (-zł570k free cash flow). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł877k revenue, or US$216k). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (zł44.5m market cap, or US$11.0m).
Reported Earnings • Aug 14Second quarter 2023 earnings releasedSecond quarter 2023 results: Net loss: zł1.42m (down 319% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance.
New Risk • Aug 03New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł38.4m (US$9.40m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m (zł2.9m revenue, or US$720k). Market cap is less than US$10m (zł38.4m market cap, or US$9.40m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).
お知らせ • Jun 04Ice Code Games S.A., Annual General Meeting, Jun 28, 2023Ice Code Games S.A., Annual General Meeting, Jun 28, 2023, at 14:00 Central European Standard Time.
お知らせ • Jan 20+ 2 more updatesIce Code Games S.A. to Report Q2, 2023 Results on Aug 11, 2023Ice Code Games S.A. announced that they will report Q2, 2023 results on Aug 11, 2023
Buying Opportunity • Nov 09Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 48%. The fair value is estimated to be zł0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 83%.
Buying Opportunity • Oct 05Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 35%. The fair value is estimated to be zł0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 83%.
Buying Opportunity • Sep 15Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be zł0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 83%.
分析記事 • Aug 07We Think Ice Code Games (WSE:ICG) Can Easily Afford To Drive Business GrowthThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
お知らせ • May 31Ice Code Games S.A., Annual General Meeting, Jun 23, 2022Ice Code Games S.A., Annual General Meeting, Jun 23, 2022, at 12:30 Central European Standard Time.
分析記事 • Feb 24We're Interested To See How Avatrix (WSE:AVT) Uses Its Cash Hoard To GrowEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Is New 90 Day High Low • Feb 26New 90-day low: zł1.17The company is down 26% from its price of zł1.58 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Feb 08New 90-day low: zł1.23The company is down 4.0% from its price of zł1.28 on 10 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Interactive Media and Services industry, which is also down 4.0% over the same period.
お知らせ • Jan 30+ 3 more updatesAvatrix S.A. to Report Q2, 2021 Results on Aug 03, 2021Avatrix S.A. announced that they will report Q2, 2021 results on Aug 03, 2021
Is New 90 Day High Low • Dec 11New 90-day high: zł1.98The company is up 60% from its price of zł1.24 on 11 September 2020. The Polish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 5.0% over the same period.
Is New 90 Day High Low • Nov 19New 90-day high: zł1.54The company is up 8.0% from its price of zł1.42 on 21 August 2020. The Polish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 12% over the same period.
Is New 90 Day High Low • Oct 19New 90-day low: zł1.02The company is down 31% from its price of zł1.48 on 21 July 2020. The Polish market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Sep 26New 90-day low: zł1.05The company is down 29% from its price of zł1.48 on 26 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is flat over the same period.