Brief: SpineGuard FY Revenue Down At 6.8 Million Euros

Spineguard SA

29/01/2020 17:17

Jan 29 (Reuters) - Spineguard SA  ALSGD.PA :
    * SPINEGUARD REPORTS 2019 REVENUE OF 6.8 M€
    * FOR 2020 SPINEGUARD IS WORKING ON SEVERAL OPPORTUNITIES IN
ORDER
TO GENERATE GROWTH AND SOLIDIFY ITS STRATEGIC TURN
    * CASH POSITION AT DECEMBER 31 2019 IS EUR 1.3 MILLION
    * ESTIMATES ITS EBITDA TO BE POSITIVE IN SECOND SEMESTER OF
2019
AND TO HAVE SIGNIFICANTLY IMPROVED IN FULL YEAR TO REACH -50KEUR
TO BE COMPARED TO -586KEUR IN 2018
    * ITS NEW GENERATION OF PEDIGUARD PRODUCTS EQUIPPED WITH DSG
CONNECT SHOULD OBTAIN EUROPEAN REGULATORY CLEARANCE IN Q1 2020
    * AMERICAN SUBSIDIARY SPINEGUARD INC. WOULD DELIVER A NET
POSITIVE
RESULT FOR SECOND FULL YEAR IN A ROW

Source text for Eikon:  ID:nBw9ypNjca 
Further company coverage:  ALSGD.PA 

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