Brief: Sygnis 9-mth net loss shrinks to 2.14 million euros
09/11/2016 07:30
Nov 9 (Reuters) - Sygnis AG LIO1k.DE :
* Revenues for first nine months 2016 amounted to 976,000 euros ($1.09 million), an increase
of more than 300 percent compared to 307,000 euros for same period in 2015
* Net loss for first nine months of 2016 was 2.14 million euros, a 22 percent decrease
compared to prior year period (2.779 million euros)
* Forecasts revenues for 2016 between 1.7 million euros and 2.0 million euros, with strong
upside potential in 2017
* Management board forecasts that 2016 net loss will be significantly lower than 2015
* Management board expects company to have sufficient funds to cover operating expenses
until company achieves break even, which is expected to be achieved during 2017
Source text for Eikon: ID:nEQ1MQrD8
Further company coverage: LIO1k.DE
($1 = 0.8920 euros)
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