Upcoming RPG Studio Project on Track: Positive Soft Launch Results and Anticipated 2024 Release - 30.08.2023

Sygnity Stock Faces Headwinds Despite New Government Contracts

The RPG studio's most important project is currently progressing according to schedule. A technical soft launch of the game was conducted during 2Q'23, which received positive reviews from testers. We anticipate that the release of this project will take place in 2H'24, hence the first revenues from the game appear in 2024.

We forecast that over the 2023-2024 period, the company will generate 22,0/ 28,1 million PLN in adj. net profit, which translates to an attractive multiple valuation for the company (adjusted P/E at a level of 8-10x).

 

 

Sygnity Stock Faces Headwinds Despite New Government Contracts

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The Warsaw Stock Exchange's (GPW's) Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors' informed investment decisions based on a reliable independent source of issuer information. Eligible to participate in the Programme are companies listed on the GPW Main Market (other than WIG20 participants) and on NewConnect. The Programme covers up to 50 issuers.

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