Brief: Astrocast H1 Operating Loss Widens To CHF 11.3 Mln

Astrocast SA

30/09/2022 06:45

Sept 30 (Reuters) - Astrocast SA  ASTRO.OL :
    * H1 REVENUE  CHF 287,000 VERSUS CHF 824,000 YEAR AGO
    * H1 OPERATING LOSS CHF 11.3 MILLION VERSUS LOSS CHF 6.0
MILLION
YEAR AGO
    * TARGETS DELIVERING AND LAUNCHING 8 ADDITIONAL
NANOSATELLITES IN
FOURTH QUARTER 2022 WHILST PREPARING TO PRODUCE 20
NANOSATELLITES TO BE LAUNCHED IN 2023 TO CONTINUE BUILDING OUR
SATELLITE NETWORK
    * MAINTAINS ITS PLAN TO RAISE EQUITY IN A SHORT TO MEDIUM
TIMEFRAME
    * VOLATILE FINANCIAL MARKETS MAY HOWEVER CONTINUE TO IMPACT
THE
FUNDRAISING OF THE COMPANY, IN PARTICULAR BY DELAYING THE
PLANNED IPO IN EURONEXT GROWTH PARIS

Source text for Eikon:  ID:nObiR6WMza 
Further company coverage:  ASTRO.OL 
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