Brief: SpineGuard Q3 Revenue Down At 1.0 Million Euros

Spineguard SA

14/10/2021 18:04

Oct 14 (Reuters) - SPINEGUARD SA  ALSGD.PA :
    * SPINEGUARD REPORTS THIRD-QUARTER 2021 REVENUE
    * Q3 REVENUE 1.0 MILLION EUR, DOWN 23% YOY
    * CASH POSITION AS OF SEPTEMBER 30, 2021 OF EUR 5.9 M PLUS
SECURED
EQUITY LINE FACILITY FOR EUR 5.0 M MEANS THAT TOTAL CASH
AVAILABLE TO COMPANY IS EUR 10.9 M
    * CONSIDERING CURRENT CASH POSITION, SECURED CONVERTIBLE
BOND
FACILITY AND RECURRING EXPECTED BUSINESS, COMPANY ESTIMATES THAT
IT CAN FUND ITS NEEDS THROUGH 2023
    * STRIVES TO REMAIN CLOSE TO BREAKEVEN IN 2021

Source text for Eikon:  ID:nBw5rW1RTa 
Further company coverage:  ALSGD.PA 

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