Brief: Mycelx Says Facing Delays In Previously Anticipated Project Bids

Mycelx Technologies

14/06/2019 07:58

June 14 (Reuters) - Mycelx Technologies Corp  MYXM.L :
    * TRADING UPDATE
    * EXPERIENCED A STRONG Q1 IN 2019 BUT IS FACING DELAYS IN
PREVIOUSLY ANTICIPATED PROJECT BIDS
    * SIGNIFICANT NUMBER OF PROJECT BIDS HAVE EITHER MOVED TO
2020 OR
START DATE HAS BEEN DELAYED TO LATER THIS YEAR
    * REVISING ITS CURRENT REVENUE EXPECTATION FOR 2019 TO
CA.$20.0
MILLION, BELOW EXISTING MARKET EXPECTATIONS
    * EXPECTS TO REPORT FY EBITDA OF CA.$2.5 MILLION AND NET
PROFIT IN
2019 OF CA.$500,000

Source text for Eikon:  ID:nRSN2892Ca 
Further company coverage:  MYXM.L 

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