Brief: Nordic Unmanned Q4 EBITDA Loss At EUR 2.4 Mln

Nordic Unmanned ASA

23/02/2023 07:28

Feb 23 (Reuters) - Nordic Unmanned ASA  NUMND.OL :
    * REVENUES IN Q4 AMOUNTED TO EUR 3.7 MILLION COMPARED TO EUR
2.5
MILLION
    * EBITDA WAS NEGATIVE EUR 2.4 MILLION, ADJUSTED FOR
IMPAIRMENT AND
WRITE DOWNS, COMPARED TO NEGATIVE EUR 2.8 MILLION IN Q4 OF LAST
YEAR
    * IN 2023, FOCUS WILL BE ON DRONE SERVICES (NORDUN) AND
PRODUCTS
(NUTECH)
    * CURRENT CONTRACT BACKLOG, IN ADDITION TO PROJECTED NEW
CONTRACTS, IS EXPECTED TO CONTRIBUTE REVENUES OF MORE THAN EUR
30 MILLION IN 2023
    * TARGETS TO EXCEED REVENUES OF EUR 30 MILLION IN 2023
    * TARGETING AN EBITDA MARGIN OF APPROX. 10% FOR FULL YEAR
    * IS TARGETING TO CASH POSITIVE FROM OPERATIONS FOR FULL
YEAR
2023, WITH ACCUMULATED CASH BREAK EVEN IN Q2

Source text for Eikon:  ID:nObihRXsja 
Further company coverage:  NUMND.OL 
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