Brief: Paion Sees Net Loss Of About EUR 7 Mln - EUR 10 Mln In 2019

PAION AG

20/03/2019 06:34

March 20 (Reuters) - Paion AG  PA8G.DE :
    * CASH AND CASH EQUIVALENTS OF EUR 17.2 MILLION AS OF 31 DECEMBER 2018
    * FY REVENUES RECOGNIZED IN REPORTING PERIOD AMOUNTED TO EUR 2.8 MILLION
    * NET LOSS DECREASED FROM EUR 12.1 MILLION IN PREVIOUS YEAR TO EUR 9.9 MILLION IN FISCAL
YEAR 2018
    * EXPECTS REVENUES OF ABOUT EUR 8 MILLION IN 2019
    * OUTLOOK 2019: RESEARCH AND DEVELOPMENT EXPENSES TO AMOUNT TO BETWEEN APPROX. EUR 13
MILLION AND
APPROX. EUR 15 MILLION
    * NET LOSS IS EXPECTED TO AMOUNT TO BETWEEN APPROX. EUR 7 MILLION AND APPROX. EUR 10 MILLION
IN
2019

Source text for Eikon:  ID:nEQ9kYrzKa 
Further company coverage:  PA8G.DE 

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