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Business Summary: Varsav Game Studios SA, formerly Varsav VR SA, is a Poland-based company that focuses its activities in the area of computer games and application production. The company also provides Internet Technology (IT)services to external entities and creates technological and business facilities for projects in the new technologies sector. In addition, as an additional activity complementing the basic business, the Company conducts activities consisting in providing substantive, technological or financial support for projects from entities in the computer games industry.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Varsav Game Studios SA revenues decreased 18% to PLN3.6M. Net income totaled PLN137K vs. loss of PLN2.5M. Revenues reflect Change in Inventory decrease of 30% to PLN2.3M. Net Income reflects Revaluation of Financial Assets decrease of 90% to PLN394K (expense), Other Operating Expenses decrease of 36% to PLN818K (expense), Labor & Related Expenses in SGA decrease of 15% to PLN2.2M (expense).