Brief: Advicenne FY Net Loss Widens To EUR 14.8 Mln, Co Confirms 2021 Outlook

Advicenne SA

29/04/2021 06:49

April 29  (Reuters) - ADVICENNE  ADVIC.PA :
    * CONFIRMS ITS 2021 OUTLOOK
    * FY OPERATING LOSS EUR 14.14 MLN VS LOSS EUR 14.25 MLN YR
AGO
    * FY REVENUE EUR 2.06 MLN VS EUR 1.66 MLN YR AGO
    * FY NET LOSS EUR 14.8 MLN VS LOSS EUR 14.2 MLN YR AGO
    * AT THE END OF DECEMBER 2020, THE COMPANY’S CASH AND CASH
EQUIVALENTS WERE STABLE AT €16.8 MILLION
    * IN  2020, CASH  FLOW FROM  OPERATING  ACTIVITY WAS 
NEGATIVE BY
€11.7 MILLION
    * ESTIMATES  THAT  ITS  CURRENT RESOURCES WILL  ENABLE  IT 
TO 
FINANCE  ITS OPERATIONS SCHEDULED THROUGH  TO  OCTOBER 2021
    * AUDIT PROCEDURES HAVE BEEN COMPLETED AND THE STATUTORY
AUDITOR’S
CERTIFICATION REPORT IS PENDING. IT WILL INCLUDE A NOTE ON
SIGNIFICANT GOING CONCERN UNCERTAINTIES BEYOND OCTOBER 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBw2LvY3a
    
 Further company coverage:  ADVIC.PA  
   


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