Brief: PAION 9-mth net loss at 8.5 mln euros

PAION AG

08/11/2017 06:30

Nov 8 (Reuters) - PAION AG  PA8G.DE  
    * DGAP-NEWS: PAION AG PUBLISHES GROUP QUARTERLY STATEMENT 
FOR THE 
FIRST NINE MONTHS OF 2017 
    * CASH POSITION OF EUR 29.6 MILLION AS OF 30 SEPTEMBER 
2017 
    * REVENUES IN FIRST NINE MONTHS OF 2017 AMOUNTED TO KEUR 
5,097 
COMPARED TO KEUR 2,230 IN PRIOR-YEAR PERIOD 
    * RESEARCH AND DEVELOPMENT EXPENSES AMOUNTED TO KEUR 13,528 
IN 
FIRST NINE MONTHS OF 2017 
    * 9MTH NET LOSS AMOUNTED TO KEUR 8,508. IN PRIOR-YEAR 
PERIOD, A 
NET LOSS OF KEUR 16,061 WAS REPORTED 
    * CONFIRMS ITS OUTLOOK FOR FY ANNOUNCED ON 09 AUGUST 2017 
WITH 
PUBLICATION OF HALF-YEAR RESULTS FOR 2017 
 
Source text for Eikon:  ID:nEQ88M7vda  
Further company coverage:  PA8G.DE  
 
 (Gdynia Newsroom) 
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