Brief: Spineguard H1 EBITDA Loss Widens To 0.9 Million Euros

Spineguard SA

15/09/2020 17:07

Sept 15 (Reuters) - Spineguard SA  ALSGD.PA :
    * GROSS MARGIN OF 84.1% AT JUNE 30, 2020
    * WHILE SALES GRADUALLY RESUMED IN MAY AND JUNE, SHORTFALL
COMPARED TO Q2 OF 2019 IS CLOSE TO 50%
    * PANDEMIC ALSO DELAYED ALPHA PHASE FOR LAUNCH OF NEW
DSG-CONNECT
PLATFORM AS SURGERIES BEGAN TO SLOWLY RESUME ONLY BY MID-JUNE
    * STRONG REVENUE RECOVERY SINCE JUNE
    * CASH RUNWAY SECURED UNTIL MID-2022
    * CASH POSITION AS OF JUNE 30, 2020 OF EUR 1.2 M
    * NET RECURRING OPERATING RESULT STABILIZED DESPITE COVID-19
    * H1 EBITDA LOSS EUR 0.9 MILLION VERSUS LOSS OF EUR 0.4
MILLION
YEAR AGO
    * FOR H1 2020, COMPANY REPORTED REVENUES OF EUR 2,275 K,
DOWN 34%
(35% CC) COMPARED WITH H1 2019
    * OPERATING EXPENSES WERE EUR 2,472 K FOR H1 2020, COMPARED
WITH
EUR 3,332 K
    * ESTIMATES THAT IT CAN FUND ITS NEEDS UNTIL MID-2022

Source text for Eikon:  ID:nBw4GW6Y1a 
Further company coverage:  ALSGD.PA 

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