Relationships with debuts
New listing of G-DEVS S.A. on NewConnect
The company G-DEVS S.A. was newly listed on NewConnect on 4 November 2024.
G-DEVS S.A. is the 361st company listed on NewConnect and the 11th new listing on NewConnect in 2024.
Key information
|
company name |
G-DEVS S.A. |
|
ticker/short name |
GDS/GDEVS |
|
seat |
Warszawa |
|
core business |
Production and publication of games and game add-ons for PCs |
|
new listings on NC in 2024 |
11 |
|
companies listed on NC |
361 |
|
business sector |
Gaming |
|
companies in the sector |
25 |
|
offering/sale (Y/N, private/public) |
None / sale of series A shares |
|
offering/sale value |
None / PLN 237,054.4 |
|
issue/selling price |
Founding shares / PLN 0.1-19.1 |
|
company valuation** |
PLN 7,378,000 |
|
value of introduced instruments** |
PLN 7,378,000 |
|
% free float (below 5% in all shares) |
39.3% |
|
free float value ** |
PLN 2,897,881 |
|
% free float (below 5% in shares subject to the application) |
39.3% |
|
free float value ** |
PLN 2,897,881 |
|
number of shareholders |
62 |
|
Authorised Advisor |
NWAI Dom Maklerski S.A. (Authorised Advisor responsible for the introduction) Blue Oak Advisory sp. z o.o. (Authorised Advisor responsible for the issuer’s obligations) |
* based on the reference price of PLN 7 set on the basis of the weighted average price of transactions in the Issuer’s shares
Issuer’s history and business
The legal predecessor of the Issuer was incorporated in November 2020 under the name G-DEVS sp. z o.o. The limited liability company G-DEVS sp. z o.o. was transformed into the joint-stock company G-DEVS S.A. by a resolution of the shareholders’ meeting of 26 June 2023.
The Company’s core business is to produce and publish games and game add-ons for PCs (sold via the platform Steam to global markets). The Issuer is active in two basic business segments: production of PC games, and distribution and publishing for which it receives fixed fees or commissions as a share of sales revenue. In accordance with the framework of the adopted business model, the Issuer intends to produce and publish games and game supplements in the low-budget segment (the cost of production of a single title in this segment is between PLN 0.1 and 0.5 million) with a production period of 12 to 18 months. As at 30 June 2024, the Issuer works with 19 specialists on a permanent basis, including 1 person working under an employment contract, 2 persons working under a contract of mandate, 2 persons working under a contract for specific work, and 14 persons working on a B2B basis.
The Issuer’s legal predecessor, G-DEVS sp. z o.o., produced more than a dozen titles for desktop computers. In April 2024, the Issuer released two games: “Anonymous Hacker Simulator” and “Monsters Domain”, which generated revenues for the Issuer of approximately PLN 608,000 up to the date of the Information Document. The Issuer plans to release further games in 2025. The games “Rich Dad Simulator”, “Nethack”, “Dark Pharmacy”, and “Gatekeeper Chronicles: Plague & Revolt” are at the production stage and have no exact release date.
As part of its business, the Issuer cooperates with its main shareholder, CreativeForge Games S.A., which is part of the PlayWay S.A. Group, and with other PlayWay Group companies in the marketing of games in social media and on Steam.
The Company’s share capital amounts to PLN 105,400 and is divided into 1,054,000 series A shares with a nominal value of PLN 0.1 each, issued in the transformation of the Issuer into a joint-stock company.
Selected financials of the Issuer:
|
(PLN) |
Q1-2 2024 |
2023 |
2022 |
|
Revenue |
937,808 |
650,953 |
755,567 |
|
including change of inventory |
-63,199 |
257,451 |
544,987 |
|
Net profit |
484,114 |
35,343 |
15,408 |
|
Equity |
1,925,171 |
1,441,056 |
1,405,713 |
|
Liabilities and provisions |
74,728 |
21,050 |
16,869 |
|
Net cash flows |
419,464 |
-87,338 |
-437,660 |
|
Cash |
510,080 |
90,616 |
177,954 |
*quarterly, unaudited
Shareholders of the Company
- CreativeForge Games S.A.– 289,467 shares representing 27.5% of the equity and votes;
- Grzegorz Milata – 289,050 shares representing 27.4% of the equity and votes;
- Piotr Bator – 61,500 shares representing 5.8% of the equity and votes;
- Other shareholders – 413,983 shares representing 39.3% of the equity and votes;
Financial instruments newly listed on NewConnect:
- 1,054,000 series A ordinary bearer shares.
