Brief: Sygnis Q1 net loss increases to EUR 1.2 million

2Invest AG

11/05/2017 06:31

May 11 (Reuters) - SYGNIS AG  LIO1k.DE : 
    * SYGNIS AG REPORTS FINANCIAL RESULTS FOR FIRST QUARTER OF 
2017 
    * REVENUES INCREASED 15-FOLD TO EUR 1.4 MILLION FOR Q1 OF 
2017 (Q1 2016: EUR 0.09 MILLION) 
    * NET LOSS FOR Q1 OF 2017 WAS EUR 1.2 MILLION COMPARED TO 
EUR 0.7 MILLION FOR Q1 OF 2016 
    * FOR FISCAL YEAR 2017 REVENUES IN RANGE OF EUR6.5 TO EUR7.5 
MILLION ARE EXPECTED 
    * FOLLOWING ACQUISITION OF INNOVA BIOSCIENCES LTD., COMBINED 
PRO-FORMA REVENUES OF MORE THAN EUR 10 MILLION ARE EXPECTED FOR 
2017 
    * EXPECTS TO REACH BREAK-EVEN IN Q4 OF 2017 WITH STRONG 
UPSIDE POTENTIAL AND CASH GENERATION EXPECTED FOR 2018 
 
Source text for Eikon:  ID:nEQ9XcsS1  
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