# Chiaroscuro Imago

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 2467100
- Developer: Howling Stars
- Released: 2025 · Genre: Indie · List price: $6.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $293 to $439 per month (mid $366)
- Opportunity score: $586/month at x1.60 dormancy multiplier
- Est. lifetime owners: 832 · Est. lifetime net revenue: $2.0k
- Review sentiment: 93% positive across 27 reviews (26 from Steam purchases)
- Review velocity: 6.2 reviews/month (6-month average)

## Why it's flagged

- No developer announcement on record, ever
- Last build shipped 9 months ago
- Store page localized in only 1 language(s)

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $665 |
| After VAT / sales tax (-13% blended) | $578 |
| After refunds (-9.5% median) | $523 |
| Net to developer (after Steam 30%) | $366 |

## Monthly review counts, oldest to newest (4 months)

22, 1, 1, 1

## Estimated acquisition range

$8.8k to $17.6k (2-4x the trailing net annuity of $4.4k/year). Same error range applies.

## Markets by review language

- english: 92% (game NOT localized in this language)
- russian: 4% (game NOT localized in this language)
- schinese: 4% (game NOT localized in this language)

Localization gap: 100% of measured reviews are written in languages the game does not support (top: english). Localizing is likely immediate market expansion.

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/2467100
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.