Recent Insider Transactions • Jun 19
Co-Founder & Non-Executive Director recently bought AU$51k worth of stock On the 16th of June, Mark Goulopoulos bought around 400k shares on-market at roughly AU$0.13 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of AU$91k worth in shares. New Risk • Jun 01
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 Australian stocks, typically moving 15% 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 Risk High level of non-cash earnings (78% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$70.3m market cap, or US$50.5m). Tillkännagivande • Feb 16
PlaySide Studios Limited to Report First Half, 2026 Results on Feb 24, 2026 PlaySide Studios Limited announced that they will report first half, 2026 results on Feb 24, 2026 Reported Earnings • Aug 28
Full year 2025 earnings released: AU$0.03 loss per share (vs AU$0.028 profit in FY 2024) Full year 2025 results: AU$0.03 loss per share (down from AU$0.028 profit in FY 2024). Revenue: AU$48.7m (down 25% from FY 2024). Net loss: AU$12.1m (down 207% from profit in FY 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Entertainment industry. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sophie Karzis was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 21
PlaySide Studios Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 PlaySide Studios Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Tillkännagivande • Feb 26
PlaySide Studios Limited Appoints Guy Costantini as Non-Executive Director PlaySide Studios Limited announced the appointment of Guy Costantini as a Non-Executive Director. Guy is a video game industry veteran with experience in funding, building and publishing games. His experience includes responsibility as Global Brand Director for CD Projekt Red, where he worked on the multi-award winning The Witcher 3, and prior to that he ran the North American operations at Riot Games - the studio responsible for League of Legends. Most recently, Guy held the position of SVP (Marketing & Publishing) at Skydance Interactive, where he led the global marketing and publishing efforts for all games including the highly successful The Walking Dead: Saints & Sinners. Guy currently serves as CEO of a newly founded, unannounced game studio. Guy is a graduate of Rutgers University in New Jersey where he completed a Bachelor of Science majoring in Management Science Information Systems, and is a member of the Academy of Interactive Arts & Sciences. He resides in Los Angeles. In accordance with PlaySide's Constitution, Guy will stand for election at the Company's 2025 Annual General Meeting in October. Buy Or Sell Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 59% to AU$0.20. The fair value is estimated to be AU$0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sophie Karzis was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 29
PlaySide Studios Limited to Report Q2, 2025 Results on Feb 20, 2025 PlaySide Studios Limited announced that they will report Q2, 2025 results on Feb 20, 2025 Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sophie Karzis was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 23
PlaySide Studios Limited Provides Earnings Guidance for the Fiscal Year 2025 PlaySide Studios Limited provided earnings guidance for the fiscal year 2025. FY25 revenue expected to be between $62 million to $68 million (FY24: $64.6 million). Tillkännagivande • Sep 19
PlaySide Studios Limited, Annual General Meeting, Oct 23, 2024 PlaySide Studios Limited, Annual General Meeting, Oct 23, 2024. New Risk • Aug 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 48% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 23
Full year 2024 earnings released: EPS: AU$0.028 (vs AU$0.017 loss in FY 2023) Full year 2024 results: EPS: AU$0.028 (up from AU$0.017 loss in FY 2023). Revenue: AU$68.3m (up 78% from FY 2023). Net income: AU$11.3m (up AU$18.3m from FY 2023). Profit margin: 17% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Global Entertainment industry. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 09
PlaySide Studios Limited to Report Fiscal Year 2024 Results on Aug 23, 2024 PlaySide Studios Limited announced that they will report fiscal year 2024 results on Aug 23, 2024 New Risk • May 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Mar 01
CEO, MD & Director recently sold AU$10m worth of stock On the 27th of February, Gerry Sakkas sold around 14m shares on-market at roughly AU$0.75 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gerry's only on-market trade for the last 12 months. Reported Earnings • Feb 26
First half 2024 earnings released: EPS: AU$0.022 (vs AU$0.014 loss in 1H 2023) First half 2024 results: EPS: AU$0.022 (up from AU$0.014 loss in 1H 2023). Revenue: AU$36.2m (up 119% from 1H 2023). Net income: AU$8.97m (up AU$14.5m from 1H 2023). Profit margin: 25% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global Entertainment industry. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Tillkännagivande • Feb 16
PlaySide Studios Limited to Report First Half, 2024 Results on Feb 22, 2024 PlaySide Studios Limited announced that they will report first half, 2024 results on Feb 22, 2024 Tillkännagivande • Dec 21
PlaySide Studios Limited Appoints Sophie Karzis to its Board as Independent Non-Executive Director PlaySide Studios Limited announced the appointment of Sophie Karzis to its board as an independent non-executive director effective from 21 December 2023. Sophie is a qualified lawyer specialising in the ASX Listing Rules and Corporations Law and haspractised as a corporate and commercial lawyer in the areas of equity capital markets, mergers and acquisitions, and corporate governance for ASX listed entities for over twenty years. Sophie holds a Bachelor of Jurisprudence and a Bachelor of Laws degree from Monash University and is a member of the Law Institute of Victoria and the Governance Institute of Australia. She is currently a non-executive director of Touch Ventures Limited, RAS Technology Holdings Limited and PRT Company Limited. New Risk • Nov 17
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 Australian stocks, typically moving 13% 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. This is currently the only risk that has been identified for the company. Tillkännagivande • Oct 20
PlaySide Studios Limited, Annual General Meeting, Nov 22, 2023 PlaySide Studios Limited, Annual General Meeting, Nov 22, 2023, at 14:30 AUS Eastern Standard Time. Location: BDO, Collins Square, Tower Four Level 18, 727 Collins Street Melbourne, VIC, 3008 Melbourne Australia Agenda: To consider the Adoption of Remuneration Report; to consider the Re-Election of Director – Mark Goulopoulos; to consider the Replacement of Constitution; and to consider other matters. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$154.9m (US$98.7m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Tillkännagivande • Aug 24
PlaySide Studios Limited Provides Earnings Guidance for the Full Year 2024 PlaySide Studios Limited provided earnings guidance for the full year 2024. For the year, the company expected revenue of $50 million to $55 million. Reported Earnings • Aug 24
Full year 2023 earnings released: AU$0.017 loss per share (vs AU$0.012 profit in FY 2022) Full year 2023 results: AU$0.017 loss per share (down from AU$0.012 profit in FY 2022). Revenue: AU$39.0m (up 34% from FY 2022). Net loss: AU$6.97m (down 244% from profit in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Global Entertainment industry. Tillkännagivande • Aug 18
PlaySide Studios Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 PlaySide Studios Limited announced that they will report fiscal year 2023 results on Aug 24, 2023 Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
