Brief: Spineguard H1 EBITDA loss at 661,000 euros

Spineguard SA

15/09/2021 17:22

Sept 15 (Reuters) - Spineguard SA  ALSGD.PA :
    * SPINEGUARD REPORTS SIX-MONTH 2021 FINANCIAL RESULTS
    * H1 REVENUE 2.227 MILLION EUR
    * CASH POSITION AS OF AUGUST 31, 2021 OF EUR 6.2 M PLUS
SECURED
EQUITY LINE FACILITY FOR EUR 5.0 M MEANS THAT TOTAL CASH
AVAILABLE TO COMPANY IS EUR 11.2 M
    * CONSIDERING CURRENT CASH POSITION, SECURED CONVERTIBLE
BOND
FACILITY AND RECURRING EXPECTED BUSINESS, COMPANY ESTIMATES THAT
IT CAN FUND ITS NEEDS THROUGHOUT 2023
    * EBITDA IMPROVED 23% AT EUR -661 K COMPARED TO EUR -854 K
AT JUNE
30, 2020
    * NET OPERATING LOSS IMPROVED AS WELL BY 32% AT EUR -782 K
VERSUS.
EUR -1,153 K AT JUNE 30, 2020
    * AT JUNE 30, 2021, CASH AND CASH EQUIVALENTS WERE EUR 5,137
K
COMPARED WITH EUR 1,222 K AT DECEMBER 31, 2020,
    * FOR 20210 SEES BOOST COMMERCIAL ACTIVITIES WITH LAUNCH OF
DSG-CONNECT VISUAL INTERFACE
    * FOR 2021 SEES ACCELERATE IMPLEMENTATION OF DSG DIGITAL
TECHNOLOGY IN ORTHO-ROBOTICS THROUGH DEPLOYMENT OF AI
ALGORITHMS, NEW SCIENTIFIC EVIDENCE, AND ADDITIONAL PATENTS
    * AFFIRM COMPANY'S TECHNOLOGICAL SHIFT AND SIGN STRATEGIC
PARTNERSHIPS, IN PARTICULAR, FOR USE OF DSG TECHNOLOGY IN
ROBOTIC FIELD

Source text for Eikon:  ID:nBw3Lhybda 
Further company coverage:  ALSGD.PA 

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