Earnings Release • Mar 11, 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 March 11th, 2024, the Issuermade an estimated determination of the Company's preliminary financialresults for February 2024.
Sales revenue for February 2024 is expected at PLN 1.28 million. Thegross result at PLN -0.15 million, net result at the level of PLN -0.15million. The cash balance in the Company's bank accounts at the end ofFebruary 2024 amounted to PLN 1.6 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 two months of 2024, the Issuer expects the followingresults: sales revenues at the level of PLN 2.59 million, gross resultat the level of PLN -0.31 million, net result at the level of PLN -0.31million and EBITDA at the level of PLN 0.29 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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