Earnings Calls

Last Earnings Call

Fiscal Period
Q1 2023
Call Date
May 30, 2023
AI Summary
Q1 2023

Lords launch: CI Games said Lords of the Fallen remains on track for October 13, with development focused on polishing and fixing bugs; management said it is confident in the preparations.

Sales outlook: The company sees strong potential for the game but declined to share sales forecasts, saying preorders and wishlists are still too early to model meaningfully.

Marketing: A major advertising push is planned for the weeks before launch and at launch, with marketing expected to be financed mostly through partners.

Quarterly results: Revenue was down year on year in a period without a new release, while the company recorded just under 10 million in sales and finished just shy of breakeven.

Funding: Cash at quarter-end was just under PLN 8 million. The company said an additional PLN 20 million was available under existing signed loan facilities and ruled out a planned capital increase.

Beyond Lords: Separate teams are developing Project Survive and Project Scorpio, with management describing both as important to future growth but not providing forecasts.

Key Financials
Revenue
just under 10 million
SG&A
PLN 3.1 million
Cash balance
just under PLN 8 million
Group debt
34.2%
Additional loan facility
PLN 20 million
Physical units planned
over 0.5 million
Expected digital sales mix
around 70% to 75%
Lords of the Fallen standard edition price
PLN 69.99
Lords of the Fallen Deluxe edition price
PLN 79.99
Lords of the Fallen release date
October 13
Platform certification timing
August

Other Earnings Calls

2023