Brief: Spineguard FY Revenue Down At Eur 4.4 Million

Spineguard SA

28/04/2022 18:47

April 28 (Reuters) - Spineguard SA  ALSGD.PA :
    * SPINEGUARD ANNOUNCES ITS FULL-YEAR 2021 FINANCIAL RESULTS
AND
ITS FIRST QUARTER 2022 SALES
    * BACK TO GROWTH IN 1Q22
    * END-DEC OPERATING LOSS EUR 1.2 MILLION VERSUS LOSS EUR 1.0
MILLION YEAR AGO
    * END-DEC REVENUE EUR 4.4 MILLION VERSUS EUR 4.9 MILLION
YEAR AGO
    * END-DEC NET LOSS EUR 1.7 MILLION VERSUS LOSS EUR 2.7
MILLION
YEAR AGO
    * AT DECEMBER 31, 2021, CASH AND CASH EQUIVALENTS WERE EUR
5.2M
    * AS OF MARCH 31, 2022, CASH AND CASH EQUIVALENTS WERE EUR
4.3M
    * WITH BALANCE OF EQUITY LINE OF EUR 5.0M, SPINEGUARD'S CASH
RUNWAY STANDS AT OVER 24 MONTHS.
    * FY WORKING CAPITAL REQUIREMENTS WERE EUR -133K VERSUS. EUR
-176K
IN 2020
    * WE ARE NOW BACK TO GROWTH IN THIS Q1 OF 2022 DESPITE
IMPACT OF
OMICRON VARIANT ON ELECTIVE SURGERY'S ACTIVITY IN JANUARY AND
FEBRUARY

Source text for Eikon:  ID:nBw8bV9pva 
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