Brief: SMAIO H1 Sales Up At 1.3 Million Euros

SMAIO SA

27/09/2022 17:08

Sept 27 (Reuters) - SMAIO SA  ALSMA.PA :
    * SMAIO ANNOUNCES ITS FIRST-HALF 2022 RESULTS
    * FIRST-HALF 2022 SALES UP +28% TO EUR 1.3 MILLION
    * OPERATING LOSS WAS EUR 1.75 MILLION IN FIRST HALF OF 2022,
STABLE COMPARED WITH FIRST HALF OF 2021
    * SUCCESS OF APRIL'S IPO: CASH POSITION OF EUR 7.3 MILLION
AT JUNE
30, 2022
    * H1 OPERATING INCOME EUR 1.7 MILLION VERSUS EUR 1.5 MILLION
YEAR
AGO
    * H1 NET PROFIT EUR 5.4 MILLION VERSUS LOSS EUR 1.6 MILLION
YEAR
AGO
    * IN EARLY 2023, OUR PARTNERSHIP AGREEMENT WITH NUVASIVE
SHOULD
ALLOW US TO OBTAIN A FIRST MILESTONE PAYMENT OF $3 MILLION - CEO

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