Brief: Navya H1 Revenue Down At 6.1 Million Euros

Navya SA

26/09/2019 16:55

Sept 26 (Reuters) - NAVYA SA  NAVYA.PA :
    * NAVYA REPORTS ITS FIRST-HALF 2019 RESULTS
    * H1 2019 REVENUES OF EUR 6.1 MILLION, STRONG GROWTH OF +31%
IN
SERVICES ACTIVITY
    * CASH POSITION OF EUR 19.7 MILLION AT JUNE 30, 2019,
EXCLUDING
ISSUANCE OF EUR 20 MILLION OF CONVERTIBLE BONDS TO ESMO
CORPORATION
    * H1 OPERATING LOSS EUR 13.2 MILLION VERSUS LOSS EUR 7.0
MILLION
YEAR AGO
    * H1 NET LOSS EUR 13.8 MILLION VERSUS LOSS 7.0 MILLION YEAR
AGO
    * NAVYA WILL CONTINUE TRIALS INITIATED IN AUGUST 2019 ON ITS
AUTONOM TRACT VEHICLE DEVELOPED IN COLLABORATION WITH CHARLATTE
MANUTENTION FOR GOODS TRANSPORT
    * COMPANY ALSO INTENDS TO UNDERTAKE, FROM FIRST HALF OF
2020,
FIRST "FULL AUTONOM LEVEL 4" (NO SAFETY DRIVER ONBOARD VEHICLE)
TESTS ON ITS SHUTTLE AND TRACT VEHICLE
    * NAVYA WANTS TO INITIATE DEPLOYMENT OF ITS TECHNOLOGY ON 1
OR 2
ADDITIONAL PLATFORMS IN 2020.

Source text for Eikon:  ID:nBw96dmxHa 
Further company coverage:  NAVYA.PA 

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