New Risk • May 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 7.4% 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (zł7.7m revenue, or US$2.1m). Market cap is less than US$100m (zł62.7m market cap, or US$17.3m). Announcement • Apr 28
3R Games S.A., Annual General Meeting, May 22, 2026 3R Games S.A., Annual General Meeting, May 22, 2026, at 11:00 Central European Standard Time. New Risk • Jan 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 6.9% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (zł5.4m revenue, or US$1.5m). Market cap is less than US$100m (zł58.6m market cap, or US$16.6m). Reported Earnings • Nov 12
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł2.56m (up 447% from 3Q 2024). Net income: zł1.19m (up zł1.40m from 3Q 2024). Profit margin: 46% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Nov 06
3R Games S.A. to Report Q3, 2025 Results on Nov 07, 2025 3R Games S.A. announced that they will report Q3, 2025 results on Nov 07, 2025 Reported Earnings • Sep 28
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł1.94m (up 114% from 2Q 2024). Net income: zł642.0k (up 154% from 2Q 2024). Profit margin: 33% (up from 28% in 2Q 2024). The increase in margin was driven by higher revenue. Announcement • Aug 25
3R Games S.A. to Report First Half, 2025 Results on Sep 30, 2025 3R Games S.A. announced that they will report first half, 2025 results on Sep 30, 2025 Reported Earnings • May 30
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł536.0k (down 21% from 1Q 2024). Net loss: zł10.0k (down 113% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 30
3R Games S.A., Annual General Meeting, Jun 26, 2025 3R Games S.A., Annual General Meeting, Jun 26, 2025. New Risk • Dec 06
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 8.5% 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 (zł3.0m revenue, or US$731k). Market cap is less than US$10m (zł27.1m market cap, or US$6.71m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Reported Earnings • Nov 28
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł469.0k (down 38% from 3Q 2023). Net loss: zł212.0k (down 187% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 03
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł909.0k (up 12% from 2Q 2023). Net income: zł253.0k (up zł1.11m from 2Q 2023). Profit margin: 28% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł676.0k (down 39% from 1Q 2023). Net income: zł77.0k (down 90% from 1Q 2023). Profit margin: 11% (down from 70% 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 127% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • May 31
3R Games S.A., Annual General Meeting, Jun 24, 2024 3R Games S.A., Annual General Meeting, Jun 24, 2024. Announcement • Apr 24
An unknown buyer acquired a 20.93% stake in 3R Games S.A. (WSE:3RG) from PlayWay S.A. (WSE:PLW). An unknown buyer acquired a 20.93% stake in 3R Games S.A. (WSE:3RG) from PlayWay S.A. (WSE:PLW) on April 22, 2024.An unknown buyer completed the acquisition of a 20.93% stake in 3R Games S.A. (WSE:3RG) from PlayWay S.A. (WSE:PLW) on April 22, 2024. New Risk • Apr 19
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 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (zł3.8m revenue, or US$936k). Market cap is less than US$10m (zł21.7m market cap, or US$5.36m). Minor Risk Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Feb 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% 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 Revenue is less than US$1m (zł3.8m revenue, or US$936k). Market cap is less than US$10m (zł24.5m market cap, or US$6.06m). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Feb 09
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 6.9% 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$944k). Market cap is less than US$10m (zł26.3m market cap, or US$6.56m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Dec 01
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: zł3.8m (US$950k) 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 Revenue is less than US$1m (zł3.8m revenue, or US$950k). Market cap is less than US$10m (zł30.9m market cap, or US$7.76m). Reported Earnings • Oct 05
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł814.0k (up zł790.0k from 2Q 2022). Net loss: zł854.0k (loss widened 246% from 2Q 2022). Announcement • Jun 04
3R Games S.A., Annual General Meeting, Jun 28, 2023 3R Games S.A., Annual General Meeting, Jun 28, 2023, at 12:00 Central European Standard Time. Reported Earnings • Nov 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł3.01m (up zł2.99m from 3Q 2021). Net income: zł764.0k (up zł815.0k from 3Q 2021). Profit margin: 25% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Oct 04
Second quarter 2022 earnings released: zł0.01 loss per share (vs zł0.01 loss in 2Q 2021) Second quarter 2022 results: zł0.01 loss per share (in line with 2Q 2021). Net loss: zł247.0k (loss narrowed 16% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 30
3R Games S.A., Annual General Meeting, Sep 22, 2022 3R Games S.A., Annual General Meeting, Sep 22, 2022, at 11:00 Central European Standard Time. Announcement • Feb 11
3R Games S.A. announced that it expects to receive PLN 1.4 million in funding HubStyle S.A. announced a private placement of up to 2,000,000 series L bearer shares, nominal value of PLN 0.1 each, at a price of PLN 0.7 per share for gross proceeds of PLN 1,400,000 on February 10, 2022. The transaction will include participation from individual investor Dawid Urban. The company's authorized capital will increase to PLN 7,563,788. The management board has applied deprivation of the pre-emptive rights and approval to set the issue price to supervisory board of the company. Is New 90 Day High Low • Feb 23
New 90-day low: zł0.97 The company is down 20% from its price of zł1.21 on 25 November 2020. The Polish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 14% over the same period.