Brief: Paion FY Net Loss At EUR 12.1 Million

PAION AG

22/03/2018 06:38

March 22 (Reuters) - PAION AG  PA8G.DE :
    * SAYS FINANCIAL RESULTS IN LINE WITH PLAN
    * SAYS CASH AND CASH EQUIVALENTS OF EUR 24.8 MILLION AS OF
31
DECEMBER 2017
    * FY2017 REVENUES AMOUNTED TO EUR 5.8 MILLION INCREASED OF
EUR 1.5
MILLION VERSUS TO PREVIOUS YEAR
    * GENERAL ADMINISTRATIVE AND SELLING EXPENSES AMOUNTED TO
EUR 3.8
MILLION, A DECREASE OF EUR 1.3 MILLION VERSUS YEAR AGO
    * NET LOSS WAS EUR 12.1 MILLION, SIGNIFICANTLY LOWER THAN
PRIOR
YEAR FIGURE OF EUR 20.1 MILLION
    * CASH AND CASH EQUIVALENTS AS OF 31 DEC 2017 AMOUNTED TO
EUR 24.8
MILLION, DECREASED EUR 5.3 MILLION VERSUS PRIOR YEAR
    * SAYS PAION EXPECTS REVENUES OF APPROX. EUR 3 MILLION IN
2018 -
OUTLOOK
    * EXPECTS RESEARCH AND DEVELOPMENT EXPENSES TO BE BETWEEN
APPROX.
EUR 15 MILLION AND APPROX. EUR 17 MILLION

Source text for Eikon:  ID:nEQ5V6xQba 
Further company coverage:  PA8G.DE 

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