Reported Earnings • 15h
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: zł919.2k (up 252% from 2Q 2025). Net loss: zł69.7k (loss narrowed 81% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jun 09
Ovid Works S.A., Annual General Meeting, Jun 30, 2026 Ovid Works S.A., Annual General Meeting, Jun 30, 2026. Announcement • Feb 10
Ovid Works S.A. to Report Q4, 2025 Results on Feb 13, 2026 Ovid Works S.A. announced that they will report Q4, 2025 results on Feb 13, 2026 Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: zł0 (vs zł0.033 loss in 3Q 2024) Third quarter 2025 results: EPS: zł0 (improved from zł0.033 loss in 3Q 2024). Revenue: zł840.1k (up 309% from 3Q 2024). Net income: zł4.1k (up zł358.6k from 3Q 2024). Profit margin: 0.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Ovid Works S.A. to Report Q3, 2025 Results on Nov 14, 2025 Ovid Works S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Aug 25
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: -zł911k 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 (-zł911k free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (128% increase in shares outstanding). Revenue is less than US$1m (zł1.2m revenue, or US$324k). Market cap is less than US$10m (zł14.8m market cap, or US$4.03m). Announcement • Aug 06
Ovid Works S.A. (WSE:OVI) agreed to acquire an unknown minority stake in The Dust S.A. (WSE:THD) for PLN 0.70 million. Ovid Works S.A. (WSE:OVI) agreed to acquire an unknown minority stake in The Dust S.A. (WSE:THD) for PLN 0.70 million on August 4, 2025. As part of consideration, Ovid Works S.A. entered into an agreement for the acquisition by Ovid Works S.A. (KRS: 0000793229) of 700,000 Series H shares of the Company, for a total amount of PLN 0.7 million. In a related transaction, The Dust S.A. entered into an agreement for the acquisition by the Issuer of 1,140,000 shares in Vixa Games S.A. (KRS: 0000881868), representing 81.43% of the company's share capital, for a total of PLN 0.695 million. New Risk • Aug 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 128% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (128% increase in shares outstanding). Revenue is less than US$1m (zł1.3m revenue, or US$354k). Market cap is less than US$10m (zł15.4m market cap, or US$4.16m). New Risk • May 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 (zł1.3m revenue, or US$352k). Market cap is less than US$10m (zł6.61m market cap, or US$1.77m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł89.5k (down 85% from 1Q 2024). Net loss: zł292.9k (loss widened 93% from 1Q 2024). Reported Earnings • Feb 18
Full year 2024 earnings released: zł0.028 loss per share (vs zł0.046 loss in FY 2023) Full year 2024 results: zł0.028 loss per share (improved from zł0.046 loss in FY 2023). Revenue: zł1.80m (up 40% from FY 2023). Net loss: zł295.3k (loss narrowed 40% from FY 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Nov 20
New major risk - Negative shareholders equity The company has negative equity. Total equity: -zł119k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-zł119k). Earnings have declined by 5.2% per year over the past 5 years. Revenue is less than US$1m (zł1.8m revenue, or US$448k). Market cap is less than US$10m (zł3.43m market cap, or US$835.4k). Reported Earnings • Nov 20
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł205.7k (up 101% from 3Q 2023). Net loss: zł354.4k (loss widened 38% from 3Q 2023). Announcement • Jun 13
Ovid Works S.A., Annual General Meeting, Jul 09, 2024 Ovid Works S.A., Annual General Meeting, Jul 09, 2024, at 11:00 Central European Standard Time. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł584.6k (up 75% from 1Q 2023). Net loss: zł151.9k (loss widened 23% from 1Q 2023). Reported Earnings • Feb 14
Full year 2023 earnings released: zł0.05 loss per share (vs zł0.044 loss in FY 2022) Full year 2023 results: zł0.05 loss per share (further deteriorated from zł0.044 loss in FY 2022). Revenue: zł1.30m (flat on FY 2022). Net loss: zł539.8k (loss widened 13% from FY 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Dec 07
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 10.0% 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 (-zł44k free cash flow). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (zł979k revenue, or US$244k). Market cap is less than US$10m (zł3.88m market cap, or US$968.0k). Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł102.4k (down 72% from 3Q 2022). Net loss: zł257.1k (loss widened 277% from 3Q 2022). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł185.4k (up 22% from 2Q 2022). Net loss: zł185.6k (loss narrowed 20% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • Jun 25
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 10% 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 (-zł888k free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (zł1.2m revenue, or US$297k). Market cap is less than US$10m (zł5.21m market cap, or US$1.28m). Announcement • Jun 04
Ovid Works S.A., Annual General Meeting, Jun 30, 2023 Ovid Works S.A., Annual General Meeting, Jun 30, 2023, at 12:00 Central European Standard Time. Reported Earnings • Feb 20
Full year 2022 earnings released: zł0.044 loss per share (vs zł0.14 loss in FY 2021) Full year 2022 results: zł0.044 loss per share (improved from zł0.14 loss in FY 2021). Revenue: zł1.30m (up 98% from FY 2021). Net loss: zł476.2k (loss narrowed 68% from FY 2021). Reported Earnings • May 22
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł422.0k (up 274% from 1Q 2021). Net income: zł21.3k (up zł820.8k from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: zł657.2k (down 32% from FY 2020). Net loss: zł1.50m (loss widened 22% from FY 2020). Revenue was in line with analyst estimates. Is New 90 Day High Low • Feb 25
New 90-day low: zł2.57 The company is down 13% from its price of zł2.94 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 21% over the same period. Announcement • Aug 24
Ovid Works S.A. to Report Q3, 2020 Results on Nov 13, 2020 Ovid Works S.A. announced that they will report Q3, 2020 results on Nov 13, 2020 
