Brief: Silvair FY 2019 Net Loss Narrows To $3.9 Mln

Silvair

07/04/2020 08:48

April 7 (Reuters) - Silvair INC  SVRS.WA :
    * REPORTED ON MONDAY FY 2019 NET LOSS $3.9 MILLION VERSUS
LOSS OF
$2.8 MILLION YEAR AGO
    * FY REVENUE $177,000 VERSUS $21,000 YEAR AGO
    * FY OPERATING LOSS $3.7 MILLION VERSUS LOSS OF $3.1 MILLION
YEAR
AGO
    * ON CORONAVIRUS: IDENTIFIES RISK OF DISRUPTIONS IN SALES
ACTIVITIES DUE TO LIGHTING COMPONENT SUPPLY CHAIN INTERRUPTION 
AND POSTPONEMENT OF INVESTMENTS BY CLIENTS
    * ON CORONAVIRUS: IT HAS REVISED ITS 2020 SALES
EXPECTATIONS,
WHICH WILL EXTEND PERIOD OF ACHIEVING PROFITABILITY BY GROUP
    * ON CORONAVIRUS: IT HAS DECIDED TO LIMIT ACTIVITY COSTS,
INCLUDING THROUGH LAYOFFS
    * ON CORONAVIRUS: IT HAS RECORDED SIGNIFICANT DIFFICULTIES
IN
ACCESSING CAPITAL

    
    
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