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VSC - 4Sc AG News Story

€1.41 0.0  2.2%

Last Trade - 13/05/21

Sector
Healthcare
Size
Small Cap
Market Cap £59.9m
Enterprise Value £30.2m
Revenue £1.93m
Position in Universe 795th / 1053

BRIEF-4SC Provides Q3 Business Update And Outlook

Thu 17th October, 2019 6:35am
Oct 17 (Reuters) - 4SC AG  VSCk.DE :
    * PROVIDES Q3 BUSINESS UPDATE AND OUTLOOK
    * COMPLETION OF CAPITAL INCREASES TO PROVIDE SUFFICIENT
FUNDS FOR
COMPANY TO EXECUTE ON ITS PROGRAMS OUT AS FAR AS H2 OF 2021
    * EXPECTING A LOWER AVERAGE MONTHLY CASH BURN RATE FROM
OPERATIONS
OF BETWEEN EUR1,300 THOUSAND AND EUR1,600 THOUSAND FOR 2019
    * AS OF 30 SEPT 2019, HOLDS CASH BALANCE/-FUNDS OF EUR26,443
THOUSAND AS COMPARED TO EUR17,751 THOUSAND AS OF 30 JUNE 2019
    * CONFIRMS THAT FUNDS INCLUDING PROCEEDS FROM CAPITAL
INCREASE AS
ANNOUNCED IN OCTOBER 2019, SHOULD BE SUFFICIENT TO FINANCE 4SC
INTO SECOND HALF OF 2021

Source text for Eikon:  ID:nEQ2XYQlLa 
Further company coverage:  VSCk.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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