Brief: Poxel FY Net Loss Narrows To 23.8 Million Euros

Poxel SA

22/03/2022 17:14

March 22 (Reuters) - Poxel SA  POXEL.PA :
    * FY TOTAL REVENUES EUR 13.4 MILLION VERSUS EUR 6.8 MILLION
YEAR
AGO
    * FY NET LOSS EUR 23.8 MILLION VERSUS LOSS EUR 31.8 MILLION
YEAR
AGO
    * WE ARE ACTIVELY PURSUING SEVERAL FINANCING PROJECTS IN
PARALLEL
TO EXTEND OUR FINANCIAL VISIBILITY
    * BELIEVES THAT ITS RESOURCES WILL BE SUFFICIENT TO FINANCE
ITS
OPERATIONS AND INVESTMENT NEEDS FOR AT LEAST 12 MONTHS FROM THE
CLOSING DATE.
    * THE COMPANY IS ACTIVELY PURSUING VARIOUS FINANCING OPTIONS
WHICH
WOULD EXTEND ITS CASH RUNWAY AND AVOID ANY BREACH OF FINANCIAL
COVENANTS THROUGH AT LEAST 12 MONTHS FROM THE REPORTING DATE

Source text for Eikon:  ID:nBw6Nln3na 
Further company coverage:  POXEL.PA 

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