Brief: Nicox H1 Net Loss Narrows To EUR 11.7 Million

Nicox SA

27/09/2021 06:39

Sept 27 (Reuters) - NICOX SA  NCOX.PA :
    * H1 2021 NET REVENUE OF EUR 1.3 MILLION AND CASH POSITION
OF EUR
36.5 MILLION
    * NCX 470 NDA SUBMISSION REMAINS ON TRACK
    * AS OF JUNE 30, 2021, NICOX GROUP HAD CASH AND CASH
EQUIVALENTS
OF EUR 36.5 MILLION, AS COMPARED WITH EUR 42.0 MILLION AT MARCH
31, 2021 AND EUR 47.2 MILLION AT DECEMBER 31, 2020
    * AS OF JUNE 30, 2021, NICOX GROUP HAD FINANCIAL DEBT OF EUR
18.0
MILLION CONSISTING OF EUR 16.0 MILLION IN FORM OF A BOND
FINANCING AGREEMENT WITH KREOS CAPITAL SIGNED IN JANUARY 2019
AND A EUR 2 MILLION CREDIT AGREEMENT GUARANTEED BY FRENCH STATE
AND GRANTED IN AUGUST 2020 IN CONTEXT OF COVID-19 PANDEMIC
    * RECORDED A NET LOSS OF EUR 11.7 MILLION FOR SIX MONTHS
ENDED
JUNE 30, 2021, COMPARED TO A NET LOSS OF EUR 14.6 MILLION FOR
SAME PERIOD IN 2020
    * NET REVENUE FOR FIRST HALF OF 2021 WAS EUR 1.3 MILLION
(INCLUDING EUR 1.2 MILLION IN ROYALTY REVENUE) VERSUS EUR 2.4
MILLION (INCLUDING EUR 1.4 MILLION IN ROYALTY REVENUE) FOR FIRST
HALF OF 2020
    * OPERATING EXPENSES FOR FIRST HALF OF 2021 WERE EUR 13.3
MILLION
COMPARED TO EUR 10.2 MILLION FOR FIRST HALF OF 2020

Source text for Eikon:  ID:nGNX11R9Ng 
Further company coverage:  NCOX.PA 

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