Brief: Polight Q2 EBITDA Loss Narrows To NOK 10.4 Mln

Polight ASA

21/08/2020 06:05

Aug 21 (Reuters) - Polight ASA  POLG.OL :
    * GOOD PROGRESS ON NEW CUSTOMER CASES
    * EBITDA IN Q2 WAS NOK -10.4 MILLION, COMPARED WITH EBITDA
OF NOK
-13.3 MILLION IN Q2 OF 2019.
    * CASH AT 30 JUNE 2020 CAME TO NOK 89.9 MILLION
    * Q2 REVENUE NOK 0.6   MILLION VERSUS NOK 0.5 MILLION YEAR
AGO
    * CURRENT CASH DEPOSITS COULD POTENTIALLY FUND GROUP
ACTIVITIES
INTO 2022
    * COVID-19 PANDEMIC HAD A NEGATIVE IMPACT ON SALES OF
SMARTWATCH
PHONES USING POLIGHT’S TLENS IN THE FIRST SIX MONTHS OF 2020
    * PANDEMIC HAS HAD NO SIGNIFICANT IMPACT ON OPERATIONS

Source text for Eikon:  ID:nWkrbVFklt 
Further company coverage:  POLG.OL 

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