Brief: Pixium Vision H1 Operating Loss Widens To EUR 6.1 Mln

Pixium Vision SA

22/07/2022 06:04

July 22 (Reuters) - PIXIUM VISION SA  ALPIX.PA :
    * PIXIUM VISION ANNOUNCES ITS FINANCIAL RESULTS FOR H1 2022
AND
PROVIDES A BUSINESS UPDATE
    * CASH POSITION AT 30 JUNE 2022: EUR 7,2 MILLION
    * PRIMAVERA EUROPEAN PIVOTAL STUDY ONGOING AND ON TRACK TO
REPORT
DATA AROUND END 2023
    * POST PERIOD EVENT: IMPLEMENTATION OF A CONVERTIBLE NOTE
FINANCING AGREEMENT WITH A MAXIMUM NOMINAL AMOUNT OF EUR 30
MILLION WITH ESGO, POTENTIALLY EXTENDING CASH RUNWAY UNTIL
MIDDLE OF 2024
    * DRAWDOWN OF FIRST TRANCHE WITH A NOMINAL VALUE OF EUR 5,5
MILLION ON JULY 14, 2022, EXTENDING CASH RUNWAY TO Q1 OF 2023
    * H1 OPERATING RESULT PRESENTED A LOSS OF EUR 6.1 MILLION,
WHICH
IS HIGHER THAN IN H1 2021 (EUR 4.8 MILLION)
    * NET CASH OUTFLOW FROM OPERATING ACTIVITIES INCREASED IN H1
2022
TO EUR 7.1 MILLION, COMPARED TO EUR 6.1 MILLION IN H1 2021
    * H1 OPERATING REVENUE AMOUNTED TO EUR 1.0 MILLION
    * H1 NET RESULT WAS A LOSS OF EUR 5.6 MLN (COMPARED TO A
LOSS OF
EUR 5.5 MLN IN H1 2021)

Source text for Eikon:  ID:nGNX4wKLfs 
Further company coverage:  ALPIX.PA 

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