Brief: Geneuro Reports End-Q2 Net Cash Position Of 9.2 Million Euros

Geneuro SA

23/07/2021 07:09

July 23 (Reuters) - Geneuro SA  GNRO.PA :
    * GENEURO: FINANCIAL INFORMATION AND BUSINESS UPDATE FOR THE
SECOND QUARTER 2021
    * OPERATIONS FUNDED UNTIL END-2022
    * END-Q2 NET CASH POSITION OF EUR 9.2 MILLION, PRO FORMA
REFLECTING CAPITAL INCREASE COMPLETED IN EARLY JULY 2021
    * CASH CONSUMPTION RELATED TO GENEURO'S OPERATING AND
INVESTING
ACTIVITIES IN Q2 2021 WAS EUR 1.8 MILLION, COMPARED TO EUR 2.1
MILLION FOR Q1 OF 2021
    * TOTAL AVAILABLE CASH RESOURCES PROVIDE GENEURO WITH
VISIBILITY
UNTIL THE END OF 2022 IN TERMS OF FINANCING ALL ITS CURRENT AND
PLANNED ACTIVITIES
    * FULL-YEAR CASH CONSUMPTION IS NOW ESTIMATED AT
APPROXIMATELY EUR
6.3 MILLION, COMPARED TO EUR 5.2 MILLION ANNOUNCED IN APRIL 2021
AND EUR 7.2 MILLION SPENT IN 2020

Source text for Eikon:  ID:nBw8qrR5Ma 
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