New Risk • May 13
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2025. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Revenue is less than US$1m (zł1.6k revenue, or US$448). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (zł105.8m market cap, or US$29.1m). New Risk • Nov 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 (-zł415k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (zł1.6k revenue, or US$444). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (zł134.8m market cap, or US$36.8m). Aankondiging • Nov 06
Red Dev Studio S.A. to Report Q3, 2025 Results on Nov 07, 2025 Red Dev Studio S.A. announced that they will report Q3, 2025 results on Nov 07, 2025 Aankondiging • May 27
Red Dev Studio S.A., Annual General Meeting, Jun 26, 2025 Red Dev Studio S.A., Annual General Meeting, Jun 26, 2025. New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł105.8m market cap, or US$27.4m). New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-zł572k). Revenue has declined by 100% over the past year. Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (zł63.2m market cap, or US$16.4m). Buy Or Sell Opportunity • Feb 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to zł1.28. The fair value is estimated to be zł1.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 100% over the last year. Earnings per share has grown by 59%. Buy Or Sell Opportunity • Jan 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to zł1.35. The fair value is estimated to be zł1.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 100% over the last year. Earnings per share has grown by 59%. Buy Or Sell Opportunity • Oct 23
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at zł1.40. The fair value is estimated to be zł1.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 100% over the last year. Earnings per share has grown by 59%. New Risk • Oct 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 7x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-zł572k). Revenue has declined by 100% over the past year. Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (zł65.5m market cap, or US$16.5m). New Risk • Oct 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-zł572k). Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (zł7.48m market cap, or US$1.90m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Aankondiging • Aug 06
Red Dev Studio S.A., Annual General Meeting, Aug 30, 2024 Red Dev Studio S.A., Annual General Meeting, Aug 30, 2024, at 12:00 Central European Standard Time. Location: ul przemyslowa 15, chojnice Poland Aankondiging • May 09
Red Dev Studio S.A., Annual General Meeting, May 24, 2023 Red Dev Studio S.A., Annual General Meeting, May 24, 2023, at 13:00 Central European Standard Time. Reported Earnings • May 15
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł40.5k (up 84% from 1Q 2021). Net loss: zł11.7k (loss narrowed 7.5% from 1Q 2021). Is New 90 Day High Low • Feb 10
New 90-day low: zł2.09 The company is down 15% from its price of zł2.46 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 Entertainment industry, which is also down 15% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: zł2.10 The company is down 39% from its price of zł3.45 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 29% over the same period. Is New 90 Day High Low • Dec 02
New 90-day low: zł2.31 The company is down 25% from its price of zł3.10 on 03 September 2020. The Polish market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: zł2.32 The company is down 33% from its price of zł3.44 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 12% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: zł2.69 The company is down 40% from its price of zł4.51 on 08 July 2020. The Polish market is down 2.0% 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. 