Brief: Poxel H1 Revenue Rises To EUR 1.0 Mln

Poxel SA

26/09/2023 06:36

Sept 26 (Reuters) - Poxel SA  POXEL.PA :
    * POXEL REPORTS FINANCIAL RESULTS FOR FIRST HALF 2023 AND
PROVIDES
A CORPORATE UPDATE
    * AS OF JUNE 30, 2023, CASH AND CASH EQUIVALENTS WERE EUR
7.6
MILLION (USD 8.2 MILLION)
    * THE FINANCIAL LOSS AMOUNTED TO EUR 3.0 MILLION FOR THE
FIRST
HALF OF 2023, COMPARED TO EUR 1.2 MILLION DURING THE FIRST HALF
OF 2022
    * POXEL REPORTED REVENUE OF EUR 955 THOUSAND FOR SIX MONTHS
ENDED
JUNE 30, 2023, AS COMPARED TO EUR 83 THOUSAND REVENUE DURING
CORRESPONDING PERIOD IN 2022
    * NET RESULT FOR FINANCIAL PERIOD ENDING JUNE 30, 2023, WAS
A NET
LOSS OF EUR 26.2 MILLION, AS COMPARED TO A NET LOSS OF EUR 13.4
MILLION IN CORRESPONDING PERIOD IN 2022
    * NET FINANCIAL DEBT (EXCLUDING IFRS16 IMPACTS AND
DERIVATIVE
DEBTS) WAS EUR 37.7 MILLION AS OF JUNE 30, 2023, AS COMPARED TO
EUR 29.5 MILLION AS OF DECEMBER 31, 2022
    * AT DATE OF THIS PRESS RELEASE, THERE ARE 15 EMPLOYEES AT
POXEL
COMPARED TO 37 AT END OF DECEMBER 2022
    * FINANCIAL LOSS AMOUNTED TO EUR 3.0 MILLION FOR FIRST HALF
OF
2023, COMPARED TO EUR 1.2 MILLION DURING FIRST HALF OF 2022. IT
PRIMARILY REFLECTED INTERESTS ATTACHED TO COMPANY INDEBTEDNESS

Source text for Eikon:  ID:nBw36Dms3a 
Further company coverage:  POXEL.PA 

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