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Business Summary: Baltic Bridge SA, formerly W Investments SA, is a Poland-based company primarily engaged in the telecommunications (telecom) sector. The Company’s activities are divided into three business segments: Investments, Telecom and Services. The Investments division focuses on venture capital operations through WinQbator Sp z oo, WinVentures Sp z oo, among others. It offers business financing and management advisory to seed companies. The Telecom division provides Voice over Internet Protocol (VoIP) and collocation services, as well as virtual telephone exchange to business customers through TelMasters Sp z oo. The Services division includes purchase and sale of electric power from independent power producers (IPPs) to the grid through Polski Koncern Energetyczny SA. The Company is a subsidiary of PJW Holdings Ltd.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Baltic Bridge SA revenues decreased 82% to PLN55K. Net loss totaled PLN1.9M vs. income of PLN174K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Other Operating Expenses increase from PLN0K to PLN1.8M (expense), External Services increase from PLN44K to PLN160K (expense).