New Risk • Dec 03
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: -zł96k 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 (-zł96k free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 0.7% per year over the past 5 years. Revenue is less than US$1m (zł1.4m revenue, or US$386k). Market cap is less than US$10m (zł15.5m market cap, or US$4.28m). Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł362.4k (up 8.1% from 3Q 2024). Net income: zł22.4k (down 90% from 3Q 2024). Profit margin: 6.2% (down from 65% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. お知らせ • Nov 13
Pyramid Games S.A. to Report Q3, 2025 Results on Nov 14, 2025 Pyramid Games S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Oct 10
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 9.9% 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 (9.9% average weekly change). Revenue is less than US$1m (zł1.4m revenue, or US$374k). Market cap is less than US$10m (zł16.3m market cap, or US$4.45m). Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł420.1k (up 44% from 1Q 2024). Net loss: zł64.0k (down 229% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. お知らせ • May 06
Pyramid Games S.A., Annual General Meeting, Jun 02, 2025 Pyramid Games S.A., Annual General Meeting, Jun 02, 2025. Reported Earnings • Mar 24
Full year 2024 earnings released Full year 2024 results: Revenue: zł1.46m (down 67% from FY 2023). Net income: zł67.4k (up zł687.7k from FY 2023). Profit margin: 4.6% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 30% per year. New Risk • Feb 21
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 8.3% 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 (8.3% average weekly change). High level of non-cash earnings (44% accrual ratio). Revenue is less than US$1m (zł1.8m revenue, or US$462k). Market cap is less than US$10m (zł13.1m market cap, or US$3.29m). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł13.40, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł11.35, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł14.00, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 16x in the Entertainment industry in Poland. Total loss to shareholders of 75% over the past three years. Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł499.9k (down 80% from 2Q 2023). Net income: zł160.1k (up zł1.35m from 2Q 2023). Profit margin: 32% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.1% per year over the past 5 years. Market cap is less than US$10m (zł22.3m market cap, or US$5.62m). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Revenue is less than US$5m (zł4.1m revenue, or US$1.0m). お知らせ • May 25
Pyramid Games S.A., Annual General Meeting, Jun 18, 2024 Pyramid Games S.A., Annual General Meeting, Jun 18, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł291.7k (down 53% from 1Q 2023). Net income: zł49.7k (down 90% from 1Q 2023). Profit margin: 17% (down from 83% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2023 earnings released Full year 2023 results: Revenue: zł4.41m (up 104% from FY 2022). Net loss: zł620.3k (down 157% from profit in FY 2022). New Risk • Oct 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł3.8m revenue, or US$906k). Market cap is less than US$10m (zł30.5m market cap, or US$7.23m). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł2.46m (up 100% from 2Q 2022). Net loss: zł1.19m (down 237% from profit in 2Q 2022). お知らせ • May 31
Pyramid Games S.A., Annual General Meeting, Jun 26, 2023 Pyramid Games S.A., Annual General Meeting, Jun 26, 2023, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 45% After last week's 45% share price decline to zł25.50, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 7.9% over the past year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł47.20, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 1.2% over the past year. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: zł2.16m (up 120% from FY 2021). Net income: zł1.09m (up zł1.47m from FY 2021). Profit margin: 50% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to zł38.60, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 16x in the Entertainment industry in Poland. Total returns to shareholders of 4.3% over the past year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 23% share price gain to zł47.80, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 12x in the Entertainment industry in Poland. Total returns to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 15% share price gain to zł42.60, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 13x in the Entertainment industry in Poland. Total returns to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 16% share price gain to zł31.90, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 12x in the Entertainment industry in Poland. Total loss to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł30.00, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 44% over the past year. Reported Earnings • May 16
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł200.9k (down 6.7% from 1Q 2021). Net income: zł22.4k (up zł156.7k from 1Q 2021). Profit margin: 11% (up from net loss in 1Q 2021). お知らせ • May 05
Pyramid Games S.A., Annual General Meeting, May 27, 2022 Pyramid Games S.A., Annual General Meeting, May 27, 2022, at 10:00 Central European Standard Time. Is New 90 Day High Low • Mar 03
New 90-day low: zł77.99 The company is down 20% from its price of zł97.00 on 03 December 2020. The Polish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 32% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: zł99.00 The company is up 25% from its price of zł79.10 on 25 August 2020. The Polish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 6.0% over the same period. お知らせ • Aug 26
Pyramid Games Spolka Akcyjna to Report Q3, 2020 Results on Nov 10, 2020 Pyramid Games Spolka Akcyjna announced that they will report Q3, 2020 results on Nov 10, 2020