Brief: Navya FY Recurring Operating Loss Widens To EUR 21.8 Mln

Navya SA

31/03/2022 17:22

March 31 (Reuters) - Navya SA  NAVYA.PA :
    * FY RECURRING OPERATING LOSS EUR 21.8 MILLION VERSUS LOSS
EUR
19.4 MILLION YEAR AGO
    * REVENUES OF €10.2 MILLION IN 2021, WITH CONTINUED GROWTH
IN THE
SERVICES BUSINESS, UP 23%
    * CASH POSITION OF €15.7 MILLION AT THE END OF 2021
    * OUTLOOK: INTENDS TO INCREASE ITS ORDER BOOK ON THE TIER 3
OFFER
AND IS PROACTIVELY WORKING ON THE DEVELOPMENT OF ITS TIER 4
COMMERCIAL OFFER, IN LINE WITH THE PROACTIVELY ON THE
DEVELOPMENT OF ITS LEVEL 4 COMMERCIAL OFFER, AND THE REGULATION
THAT WILL BE EFFECTIVE IN EUROPE BY MID-2022
    * INDICATES THAT IT HAS NO BUSINESS OR COMMERCIAL LINKS WITH
RUSSIA OR UKRAINE; HOWEVER THE CONSEQUENCES OF THIS CONFLICT,
DIRECT OR INDIRECT, CANNOT BE PRECISELY QUANTIFIED TO DATE
    * OUTLOOK: BUSINESS DEVELOPMENT APPROACH TO BE BASED ON
MARKET
PULL METHODOLOGY TO ACCELERATE THE PENETRATION OF TARGETED AND
IDENTIFIED MARKETS SPECIFIC USE CASES AND ENVIRONMENTS
FAVOURABLE TO THE IMPLEMENTATION OF AUTONOMOUS FLEETS
    * 2021 NET LOSS EUR 24.0 MILLION VERSUS LOSS EUR 23.7
MILLION YEAR
AGO

Source text for Eikon:  urn:newsml:reuters.com:*:nBw80ndwFa
Further company coverage:  NAVYA.PA 

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