Brief: EDAP Says Seeing Early Signs That Certain Markets Are Returning To More Normalized Business Environment

Edap Tms SA

13/05/2020 22:30

May 13 (Reuters) - Edap Tms SA  EDAP.O :
    * EDAP REPORTS FIRST QUARTER 2020 RESULTS AND PROVIDES
OPERATIONAL
UPDATE
    * Q1 LOSS PER SHARE EUR 0.04
    * Q1 REVENUE FELL 24.9 PERCENT TO $8.4 MILLION
    * STRATEGIC REFOCUSING OF FUTURE DEVELOPMENT PROGRAMS
TOWARDS HIGH
INTENSITY FOCUSED ULTRASOUND (HIFU) AND RELATED GROWTH
OPPORTUNITIES
    * EXPECTED AND DID EXPERIENCE A DECELERATION IN BOTH
PROCEDURE
VOLUMES AND NEW SYSTEM SALES IN QUARTER
    * SEEING EARLY SIGNS THAT CERTAIN MARKETS ARE RETURNING TO A
MORE
NORMALIZED BUSINESS ENVIRONMENT
    * WILL BE REVISITING OUR LITHOTRIPSY RESEARCH AND
DEVELOPMENT
INVESTMENT STRATEGY
    * BELIEVE IT IS IMPORTANT TO SHIFT AND NARROW OUR RESEARCH
AND
DEVELOPMENT FOCUS AND MARKETING TOWARDS HIFU AND DISTRIBUTION
    * LITHOTRIPSY BUSINESS GENERATES SIGNIFICANT AND STEADY CASH
FLOW
FOR COMPANY THAT CAN FINANCE FUTURE HIFU DEVELOPMENT

Source text for Eikon:  ID:nGNX9hcq3g 
Further company coverage:  EDAP.O 

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