According to Steamspy Sniper Ghost Warrior 3 had a very weak launch on PC and was thus also probably weak on consoles. As CI Games crashed it reminded everybody just how risky it is to have the future success of a developer tied to a single big IP. The whole Polish gaming sector was sold off as investors were reminded that launches can fail and gaming stocks can fall.
On of the biggest sell-offs was experienced by The Farm51. And it is understandable because on the surface it might be viewed as another developer reliant on a single IP. But in reality there are stark differences.
- The Farm51 has two promising IP:s in development, World War 3 and Chernobyl. CI Games has SGW and LOTF, non are very promising at this point.
- The Farm51 has no big intangible assets on its balance sheet as Get Even was developed for Bandai.
- The Farm51 is not at risk running out of cash in the short term as it has recently financed itself and has GameINN grants coming in.
- The Farm51 has a market cap of 117mPLN compared to the current market cap of CI Games of 270mPLN or the 400mPLN it had before the launch of SGW3. So expectations are not in the same dimension.