Cyan 9-Month EBITDA Loss Shrinks to EUR -5.0 Million
24/11/2022 16:57
Nov 24 (Reuters) - Cyan 9-month revenue EUR 6.1 million. * 9-month net income EUR -5.1 million, EPS of EUR -0.36 (9M 2021: EUR -1.19) * 9-month EBITDA improved from EUR -10.5 million last year to EUR -5.0 million * 9-month operating cash flow EUR -3.2 million vs EUR -6.5 million last year * Projects with T-Mobile and Claro were also driven forward with a perspective to launch soon * Partnerships result in significant revenue potential for the remaining months of 2022 * Cyan steadily moving towards its goal of operating sustainably