Brief: Parrot Q3 Consolidated Revenue Up At EUR 21.4 Mln
17/11/2022 06:08
Nov 17 (Reuters) - PARROT SA PARRO.PA :
* PARROT: 2022 THIRD-QUARTER BUSINESS
* DURING Q3 OF 2022, PARROT GROUP, A EUROPEAN LEADER FOR
PROFESSIONAL CIVIL DRONES, RECORDED CONSOLIDATED REVENUES OF EUR
21.4M, UP 229% YEAR-ON-YEAR BASED ON ITS REFERENCE SCOPE
* IN THIS Q3 OF 2022, STRONG GROWTH OF ACTIVITY COUPLED WITH
COST
STRUCTURE OF PERIOD, ALLOWED TO REDUCE CONSOLIDATED OPERATING
LOSSES OF QUARTER TO AN AMOUNT INFERIOR TO 1 MEUR
* GROUP PLANS TO MOVE FORWARD WITH ITS ROADMAP FOR REVENUE
GROWTH
ON ITS "NEW SCOPE" AND CAPITALIZE ON OPPORTUNITIES OPENED UP BY
GROWING ADOPTION OF DRONE TECHNOLOGIES IN BUSINESSES AND PUBLIC
SECTOR
* GROUP WILL CONTINUE TO CLOSELY MONITOR ALLOCATION OF ITS
CASH,
AND WILL BE READY TO RESPOND AND ADAPT TO POTENTIAL CHANGES IN
CONDITIONS
Source text for Eikon: ID:nGNE9bjbfC
Further company coverage: PARRO.PA
(Gdansk Newsroom)
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