Brief: Drone Volt FY Net Loss Narrows To EUR 1.3 Mln

Drone Volt SA

16/03/2022 16:45

March 16 (Reuters) - DRONE VOLT SA  ALDRV.PA 
    * FY REVENUE EUR 8.6 MILLION VERSUS EUR 5.8 MILLION YEAR AGO
    * END-FY SHAREHOLDERS' EQUITY 38 MILLION EUROS AS OF
DECEMBER 31,
2021, VERSUS  17.5 MILLION EUROS A YEAR EARLIER
    * END-FY CASH OF €6.9 MILLION
    * OUTLOOK: DELIVERY OF 6 HERCULES 20 SPRAY TO HUNGARIAN
PARTNER BY
THE END OF MARCH 2022
    * OUTLOOK:  ANTICIPATES CONTINUED GOOD SALES MOMENTUM IN
FISCAL
YEAR 2022
    * RESUMPTION OF DRONE DELIVERIES TO AQUILINE DRONES WILL
TAKE
PLACE IN 2022 FINANCIAL YEAR, AFTER INTEGRATION OF SOME NEW
TECHNICAL IMPROVEMENTS
    * OUTLOOK: INDUSTRIALIZATION OF LINEDRONE DEVELOPED IN
PARTNERSHIP
WITH  HYDRO-QUÉBEC, IS BEING FINALIZED
    * FY CURRENT OPERATING LOSS EUR 3.1 MILLION VERSUS LOSS EUR
4.3
MILLION YEAR AGO
    * FY NET LOSS EUR 1.3 MILLION VERSUS LOSS EUR 6.7 MILLION
YEAR AGO
    * OUTLOOK: CONTINUES TO WORK ON  DRONE PROTOTYPES POWERED BY
HYDROGEN ENGINES, WHICH SHOULD BE AVAILABLE IN 2022 AS PART OF
ROTH2 PARTNERSHIP
    * OUTLOOK: ACQUISITION OF VIKING DRONE OPENS PRODUCTION TO
CONNECTED DRONE HERCULES 4
    * ANNOUNCES THAT THE BOARD OF DIRECTORS HAS DECIDED TO ISSUE
19,500,000 SHARE PURCHASE WARRANTS (BSA), SUBSCRIPTION PRICE IS
0,00375 EURO
    * BOARD OF DIRECTORS ALSO DECIDED TO GRANT 11,750,000 FREE
STOCK
OPTIONS (BSPCE) TO CERTAIN ELIGIBLE EMPLOYEES, BOARD MEMBERS AND
EXECUTIVES

Source text for Eikon:  ID:nACT73596 
Further company coverage:  ALDRV.PA 

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