Brief: Motus GI Holdings Reports Q1 Loss Per Share Of $0.23
14/05/2020 22:12
May 14 (Reuters) - Motus GI Holdings Inc MOTS.O :
* MOTUS GI REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS AND
PROVIDES CORPORATE UPDATE
* Q1 LOSS PER SHARE $0.23
* Q1 EARNINGS PER SHARE ESTIMATE $-0.22 -- REFINITIV IBES
DATA
* WILL REDUCE ITS QUARTERLY CASH BURN BY ABOUT 50%, OR ABOUT
$3
MILLION PER QUARTER, BEGINNING ON JULY 1, 2020
* MOTUS GI HOLDINGS - SEES CASH, CASH EQUIVALENTS AND
INVESTMENTS
WILL BE SUFFICIENT TO ENSURE COMPLIANCE WITH SVB LIQUIDITY
COVENANT INTO LATE Q4 2020
* SEES ITS CASH, CASH EQUIVALENTS AND INVESTMENTS WILL BE
SUFFICIENT TO MEET ITS ANTICIPATED CASH REQUIREMENTS INTO 2021
Source text for Eikon: ID:nGNXbZxcZn
Further company coverage: MOTS.O
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