View Past PerformanceIce Code Games 대차대조표 건전성재무 건전성 기준 점검 2/6Ice Code Games 의 총 주주 지분은 PLN6.0M 이고 총 부채는 PLN2.0M, 이는 부채 대 자기자본 비율을 32.7% 로 가져옵니다. 총자산과 총부채는 각각 PLN14.1M 및 PLN8.1M 입니다.핵심 정보32.67%부채/자본 비율zł1.97m부채이자보상배율n/a현금zł1.77m자본zł6.02m총부채zł8.08m총자산zł14.11m최근 재무 건전성 업데이트분석 기사 • 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...분석 기사 • 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...모든 업데이트 보기Recent 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).공시 • 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).공시 • 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).공시 • 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).공시 • 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.공시 • 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%.분석 기사 • 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...공시 • 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.분석 기사 • 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.공시 • 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.재무 상태 분석단기부채: ICG 의 단기 자산 ( PLN2.0M )이 단기 부채( PLN665.9K ).장기 부채: ICG의 단기 자산(PLN2.0M)이 장기 부채(PLN7.4M)를 충당하지 못합니다.부채/자본 비율 추이 및 분석부채 수준: ICG 의 순부채 대 자기자본 비율( 3.4% )은 satisfactory로 간주됩니다.부채 감소: ICG의 부채 대비 자본 비율은 지난 5년 동안 0%에서 32.7%로 증가했습니다.대차대조표현금 보유 기간 분석과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.안정적인 현금 활주로: ICG 현재 무료 현금 흐름을 기준으로 1년 미만의 cash runway를 보유하고 있습니다.예측 현금 활주로: 무료 현금 흐름이 매년 59.8 %의 역사적 비율로 계속 감소할 경우 ICG 의 현금 활주로는 1년 미만입니다.건전한 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 23:29종가2026/05/26 00:00수익2025/09/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ice Code Games S.A.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
분석 기사 • 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...
분석 기사 • 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).
공시 • 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).
공시 • 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).
공시 • 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).
공시 • 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.
공시 • 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%.
분석 기사 • 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...
공시 • 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.
분석 기사 • 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.
공시 • 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.