Brief: Nicox Group End-June Net Loss At EUR 17.0 Mln

Nicox SA

16/09/2022 07:22

Sept 16 (Reuters) - Nicox SA  NCOX.PA :
    * REG-NICOX PROVIDES FIRST HALF 2022 BUSINESS UPDATE AND
FINANCIAL
RESULTS
    * NET REVENUE EUR 1.4 MILLION FOR H1 2022;CASH OF EUR 31.6
MILLION
ON JUNE 30, 2022
    * AS OF JUNE 30, 2022, NICOX GROUP HAD CASH AND CASH
EQUIVALENTS
OF EUR 31.6 MILLION, AS COMPARED WITH EUR 35.1 MILLION AT MARCH
31, 2022 AND EUR 42.0 MILLION AT DECEMBER 31, 2021
    * AS OF JUNE 30, 2022, NICOX GROUP HAD FINANCIAL DEBT OF EUR
20.6
MILLION
    * OPERATING EXPENSES FOR FIRST HALF OF 2022 WERE EUR 12.7
MILLION
COMPARED TO EUR 13.4 MILLION FOR FIRST HALF OF 2021
    * NICOX GROUP RECORDED A NET LOSS OF EUR 17.0 MILLION FOR
SIX
MONTHS ENDED JUNE 30, 2022
    * DENALI TRIAL: BASED ON CURRENT RECRUITMENT RATES, COMPANY
EXPECTS TOPLINE RESULTS AFTER 2024
    * THE COMPANY IS CURRENTLY LOOKING FOR PARTNERSHIPS OUTSIDE
OF
CHINA TO ADVANCE DEVELOPMENT OF NCX 4251 PROGRAM

Source text for Eikon:  ID:nGNE31lGc 
Further company coverage:  NCOX.PA 

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