Earnings Release • Apr 8, 2024
Earnings Release
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Report Content The Management Board of Vivid Games S.A. (hereinafter referred to as:the _quot;Company_quot;, _quot;Issuer_quot;), informs that on April xxth, 2024, the Issuermade an estimated determination of the Company's preliminary financialresults for March 2024.
Sales revenue for March 2024 is expected at PLN 1,30 million. The grossresult at PLN 0,004 million, net result at the level of PLN 0,004million. The cash balance in the Company's bank accounts at the end ofMarch 2024 amounted to PLN 1,3 million. Due to the change of the loanagreement to an overdraft agreement (ESPI No. 5/2024), starting inFebruary 2024, the utilization level of the loan is reported in full(PLN 4M).
Cumulatively, for Q1 2024, the Issuer expects the following results:sales revenues at the level of PLN 3,89 million, gross result at thelevel of PLN -0,31 million, net result at the level of PLN -0,31 millionand EBITDA at the level of PLN 0,42 million.
The Management Board informs that this report contains preliminary data,which may differ from the final data. Data for 2024 will be verifiedboth internally and in the audit process by a statutory auditor, and thefinal information on the result and sales revenues, taking into accountthe data for the indicated period, will be presented in periodicreports, including the annual report for 2024.
Disclaimer: This English translation, including all attachments, hasbeen prepared solely for the convenience of English-speaking readers.Despite all efforts devoted to this translation, there may be somediscrepancies, omissions or approximations. In the event of anydifferences between the Polish and English versions, the Polish versionshall prevail. Vivid Games S.A., its representatives and employeesdisclaim all liability in this regard.
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