Brief: Nicox FY Net Loss Narrows To 18.1 Million Euros

Nicox SA

01/03/2021 07:00

March 1 (Reuters) - Nicox SA  NCOX.PA :
    * NET REVENUE OF EUR 12.9 MILLION IN 2020 ALMOST DOUBLED
VERSUS
2019
    * CASH POSITION INCREASED TO EUR 47.2 MILLION AS OF DECEMBER
31,
2020
    * AS OF DECEMBER 31, 2020, NICOX GROUP HAD FINANCIAL DEBT OF
EUR
17.9 MILLION
    * BAUSCH + LOMB IS PLANNING TO LAUNCH VYZULTA IN TAIWAN IN
2021
AND IN SOUTH KOREA IN 2022
    * AMENDED BOND FINANCING AGREEMENT WITH KREOS CAPITAL,
INTRODUCING
ADDITIONAL ONE-YEAR PERIOD OF INTEREST-ONLY PAYMENTS ON
OUTSTANDING PRINCIPAL STARTING ON FEB 1, 2021, AND EXTENSION OF
OVERALL PERIOD OF LOAN BY 6 MONTHS TO JULY 2024
    * NEW ONE-YEAR INTEREST-ONLY PERIOD EXPECTED TO PROVIDE
AROUND EUR
5.5 MILLION OF ADDITIONAL FLEXIBILITY FOR INVESTMENT IN
DEVELOPMENT ACTIVITIES IN 2021
    * INTEREST RATE OF BONDS REMAINS UNCHANGED AS A RESULT OF
THIS
AMENDMENT
    * END-DEC OPERATING LOSS OF EUR 6.8 MILLION VERSUS LOSS OF
EUR
18.3 MILLION YEAR AGO
    * OPERATING EXPENSES FOR YEAR 2020 DECREASED TO €19.5
MILLION FROM
€25.5 MILLION FOR THE 12 MONTHS TO DECEMBER 31, 2019
    * NET LOSS FOR FULL YEAR 2020 WAS €18.1 MILLION AGAINST
€18.9
MILLION FOR FULL YEAR 2019

Source text for Eikon:  ID:nGNE1Vdh2x 
Further company coverage:  NCOX.PA 

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