Brief: Boostheat FY Net Loss Widens To EUR 18.8 Mln

Boostheat SAS

30/04/2021 16:50

April 30 (Reuters) - Boostheat SAS  BOOST.PA :
    * FY NET LOSS EUR 18.8 MILLION VERSUS LOSS EUR 18.6 MILLION
YEAR
AGO
    * STILL DETERMINED TO ROLL OUT ITS UPGRADED VERSION IN
SECOND HALF
OF 2021
    * FY EBITDA LOSS EUR 10.8 MILLION VERSUS LOSS EUR 10.7
MILLION
YEAR AGO
    * FY REVENUES EUR 363,000 VERSUS EUR 490,000 YEAR AGO
    * ORDER BOOK HAS BEEN SUSPENDED FOR TIME BEING, SO THERE IS
UNCERTAINTY AS TO ITS DEPTH
    * GROSS CASH AND CASH EQUIVALENTS AMOUNTED TO EUR 10.8
MILLION AT
31 DECEMBER 2020 VERSUS EUR 18.3 MILLION AT 31 DECEMBER 2019
    * HAS IMPLEMENTED A REDUNDANCY PLAN (PSE), REDUCING
HEADCOUNT FROM
97 PEOPLE AT 2019 YEAR-END TO 53 AT END OF 2020
    * GROSS CASH AND CASH EQUIVALENTS AMOUNTED TO EUR10.8
MILLION AT
31 DECEMBER 2020 VERSUS EUR18.3 MILLION AT 31 DECEMBER 2019

Source text for Eikon:  ID:nACT69017 
Further company coverage:  BOOST.PA 

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