Brief: Biocartis H1 Net Loss Widens To EUR 31.6 Million

Biocartis NV

03/09/2020 06:09

Sept 3 (Reuters) - Biocartis Group NV  BCART.BR :
    * REG-PRESS NEWS BIOCARTIS GROUP NV: BIOCARTIS ANNOUNCES H1
2020
RESULTS
    * H1 TOTAL OPERATING INCOME OF EUR 17.6M (H1 2019: EUR
17.3M)
    * H1 NET LOSS EUR 31.6 MILLION VERSUS LOSS EUR 29.7 MILLION
YEAR
AGO
    * BIOCARTIS GROUP NV - H1 OPERATING LOSS EUR 26.4 MILLION
VERSUS
LOSS EUR 26.7 MILLION
    * CASH AND CASH EQUIVALENTS OF EUR 150M AS PER END H1 2020.
    * TARGETING A CASH POSITION IN RANGE OF EUR 110M BY YEAR-END
2020.
    * TARGETING AN INSTALLED BASE GROWTH IN RANGE OF 300-350 NEW
INSTRUMENT PLACEMENTS
    * TARGETING A YEAR-OVER-YEAR COMMERCIAL CARTRIDGE VOLUME
GROWTH IN
RANGE OF 30%
    * H1 COMMERCIAL CARTRIDGE VOLUME AMOUNTED TO NEARLY 80K
CARTRIDGES, A YEAR-OVER-YEAR INCREASE OF 12%
    * H1 GROSS MARGIN ON PRODUCT SALES IMPROVED FROM 12% TO 19%
    * BIOCARTIS IS REINSTATING ITS INITIAL GUIDANCE FOR 2020,
PROVISIONALLY

Source text for Eikon:  ID:nGNEGnlTv 
Further company coverage:  BCART.BR 

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