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VSC - 4Sc AG News Story

€1.71 0.1  4.9%

Last Trade - 4:36pm

Sector
Healthcare
Size
Small Cap
Market Cap £71.2m
Enterprise Value £41.3m
Revenue £1.94m
Position in Universe 778th / 1049

BRIEF-4SC Says Has Sufficient Financing Until H2 2021

Tue 20th October, 2020 6:34am
Oct 20 (Reuters) - 4SC AG  VSCk.DE :
    * BELIEVES THAT CURRENT FUNDS SHOULD BE SUFFICIENT TO
FINANCE
COMPANY INTO SECOND HALF OF 2021
    * SEES LOWER AVERAGE MONTHLY CASH BURN FROM OPERATIONS OF
BETWEEN
EUR1,400 THOUSAND AND EUR1,700 THOUSAND FOR 2020 AS COMPARED TO
EARLIER ASSUMPTIONS OF EUR2,000 THOUSAND TO EUR2,400 THOUSAND
    * AVERAGE MONTHLY USE OF CASH FROM OPERATIONS AMOUNTED TO
EUR1,172
THOUSAND ON AVERAGE IN FIRST NINE MONTHS OF 2020

Source text for Eikon:  ID:nPexPk05ba 
Further company coverage:  VSCk.DE 

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