Brief: AB Science H1 Net Loss Narrows At 8.8 Million Euros

AB Science SA

30/09/2020 18:00

Sept 30 (Reuters) - AB Science SA  ABS.PA :
    * NET LOSS OF 8,8M€ IN THE FIRST HALF OF 2020, A DECREASE OF
32,4%
AS COMPARED WITH THE FIRST HALF OF 2019
    * CASH POSITION OF 10.6M€ AS OF 30 JUNE 2020, PLUS 4.1M€ OF
2019
TAX CREDIT TO BE REIMBURSED BY THE PUBLIC FINANCE DEPARTMENT
    * CASH BURN AMOUNTS TO 8,1M€ FOR THE FIRST HALF OF 2020, AS
COMPARED WITH 11.2M€ FOR THE FIRST HALF OF 2019 (-27%)
    * OPERATING EXPENSES AMOUNTED TO 7,702 K€ ON 30 JUNE 2020 AS
COMPARED WITH 11,370 K€ ON 30 JUNE 2019, CORRESPONDING TO A
DECREASE OF 32.3%
    * THE OPERATING LOSS AS AT 30 JUNE 2020 AMOUNTED TO 6,895 K€
AS
COMPARED WITH 10,579 K€ AS OF 30 JUNE 2019, WHICH IS A DECREASE
OF THE OPERATING LOSS BY 3,684 K€ (34.8%).
    * THE FINANCIAL LOSS AS OF 30 JUNE 2020 WAS 1,897 K€, AS
COMPARED
WITH A LOSS OF 2,434 K€ A YEAR EARLIER.
    * IN 2020, AB SCIENCE CONTINUES TO ALLOCATE MOST OF ITS
RESOURCES
TO THE DEVELOPMENT OF MASITINIB, THE MOST ADVANCED MOLECULE OF
THE COMPANY

Source text for Eikon:  ID:nGNX64VnC2 
Further company coverage:  ABS.PA 

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