Brief: Implanet FY Net Loss Narrows To 3.6 Million Euros

Implanet SA

24/02/2020 17:22

Feb 24 (Reuters) - Implanet SA  ALIMP.PA :
    * FY EBIT LOSS REDUCED BY 36% FROM €5.4 MILLION IN 2018 TO
€3.4
MILLION
    * SUCCESSFUL SALES REORGANIZATION AND STRATEGIC PARTNERSHIPS
    * FY TOTAL REVENUE EUR 7.4 MILLION VERSUS EUR 6.7 MILLION
YEAR AGO
    * FY GROSS PROFIT UP 11% VERSUS YEAR AGO
    * FY NET LOSS EUR 3.6 MILLION VERSUS LOSS OF EUR 5.6 MILLION
YEAR
AGO
    * NET OPERATING CASH OUTFLOW FELL 37% FROM €4.44 MILLION IN
2018
TO €2.81 MILLION IN 2019
    * AS OF DEC 31ST, 2019, CASH AND FINANCIAL INVESTMENTS STOOD
AT
€0.7 MILLION, SAME AMOUNT AS AT 2018 YEAR-END
    * THE COMPANY CONSIDERS THAT ITS GROWTH PROSPECTS FOR 2020
ARE
ENCOURAGING AT THIS STAGE OF THE YEAR AND ITS STAFF ARE
CONTINUING TO WORK IN ACCORDANCE WITH THE STRATEGIC GUIDELINES
ESTABLISHED
    * ON FEB 7TH, 2020, COMPANY RENEWED BOND FINANCING LINE WITH
NICE
& GREEN FOR MAXIMUM AMOUNT OF €4.0 MILLION SPLIT INTO TWO
TRANCHES OF €2.0 MILLION

Source text: https://bit.ly/2wDHx6k
Further company coverage:  ALIMP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))