Brief: Pixium Vision Posts 2022 Operating Loss Of EUR 11.9 Mln

Pixium Vision SA

21/04/2023 06:07

April 21 (Reuters) - Pixium Vision SA  ALPIX.PA :
    * 2022 REVENUE AND OTHER INCOME AMOUNTED TO EUR 2.0 MILLION,
COMPARED TO EUR 2.7 MILLION PREVIOUS YEAR.
    * 2022 OPERATING INCOME (LOSS) FOR 2022 WAS A LOSS OF EUR
11.9
MILLION, COMPARED TO A EUR 10.3 MILLION OPERATING LOSS IN 2021.
    * 2022 NET INCOME (LOSS) WAS A LOSS OF EUR 10.3 MILLION
(COMPARED
TO A LOSS OF EUR 10.9 MILLION IN 2021)
    * AT MARCH 31, 2023, PIXIUM VISION 'S CASH POSITION AMOUNTED
TO
EUR 4.7 MILLION, COMPARED TO EUR 7.7 MILLION ON JANUARY 1, 2023
    * PIXIUM VISION CONTINUES TO ACTIVELY SEEK FINANCING OPTIONS
TO
SUPPORT ITS STRATEGIC AMBITIONS AND TO PREVENT INSOLVENCY
    * HAS MANDATED TWO INVESTMENT BANKS TO ASSIST IT IN ITS
SEARCH FOR
INVESTORS WORLDWIDE
    * CONTINUES TO IMPLEMENT COST REDUCTION MEASURES WITH
INTENTION TO
EXTEND ITS CASH RUNWAY UNTIL APPROXIMATELY END OF JULY 2023
    * IS ALSO INVESTIGATING SOLUTIONS TO ENSURE FINANCING OF ITS
ACTIVITY DURING SUCH PERIOD (BETWEEN END OF JULY 2023 AND
INVESTMENT OF A NEW INVESTOR)

Source text for Eikon:  ID:nGNE9syzKX 
Further company coverage:  ALPIX.PA 

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