In the reported period, the company generated a net profit of PLN 4,5 million (+161,5% y/y).
• In Q3’23, operating cash flow was PLN 0,9 million, investment cash flow was PLN 0,3 million, and financing cash flow was - PLN 0,2 million. As of the end of September’23, the company had PLN 23,3 million in cash and financial assets (+ PLN 0,1 million q/q).
• At the end of September’23, capitalized game development costs amounted to PLN 43,5 million (+ PLN 3,6 million q/q, + PLN 15,8 million y/y), of which PLN 43,2 million pertained to the F2P game in production (+ PLN 3,6 million q/q, + PLN 15,9 million y/y) – PLN 7,9 million for 'Unsolved' (+ PLN 0,9 million q/q), PLN 15,4 million for the New RPG game (+ PLN 2,0 million q/q), and PLN 16,7 million for research and development projects (+ PLN 1,1 million q/q).
• Investment outlays for game production = PLN 4,7 million (+24,6% y/y, -9,6% q/q).
• Slightly increase of employment = 98 in Q3’23 (vs. 95 in Q2'23).
• Unsolved – in the past quarter, work continued on the development of the current version of the game, including increasing the number of titles available in the app, implementing new mechanics and functionalities, giving a significant increase in LTV, creating space for multiplying player acquisition spending. At the same time, work continued on the game engine, enabling Unsolved to be expanded with metagame, a layer that adds additional gameplay mechanics to the players involved, increasing the game's monetisation potential.
• New RPG Game - during the past period, work proceeded according to the schedule. Tests of the game with players (the so-called technical soft-launch) conducted in Q2'23, aimed at verifying the key assumptions and indicators of the project, confirmed the strengths of the game (unique selling points) in the form of, among others, a high level of content quality, a unique art style or gameplay. Taking into account the conclusions from the analysis of the data collected during and after the Q3'23 tests, up to the date of the report, the project has been working on, among other things. In the area of game modes and content. The timetable for further work on the project is to carry out further tests with players in 1H'24, followed by the reveal of the game and the start of marketing activities in 2H'24.
• HOPA Games – at the end of the September'23, a total of 50 games from Artifex Mundi's entire portfolio were available on at least two console platforms (+1 q/q).
