Brief: Spineguard H1 Net Loss Widens To Eur 1.2 Million

Spineguard SA

15/09/2022 16:55

Sept 15 (Reuters) - Spineguard SA  ALSGD.PA :
    * H1 REVENUE EUR 2.5 MILLION VERSUS EUR 2.2 MILLION YEAR AGO
    * H1 EBITDA LOSS EUR 0.6 MILLION VERSUS LOSS EUR 0.7 MILLION
YEAR
AGO
    * H1 NET LOSS EUR 1.2 MILLION VERSUS LOSS EUR 0.8 MILLION
YEAR AGO
    * CASH POSITION AS OF AUGUST 31, 2022 OF € 3.7 M PLUS THE
SECURED
EQUITY LINE FACILITY FOR € 4.0 M MEANS THAT THE TOTAL CASH
AVAILABLE TO THE COMPANY IS € 7.7 M
    * SECURED CONVERTIBLE BOND FACILITY AND THE RECURRING
EXPECTED
BUSINESS, THE COMPANY ESTIMATES THAT IT CAN FUND ITS NEEDS
THROUGH MID-2024
    * AT JUNE 30, 2022, CASH AND CASH EQUIVALENTS WERE € 4,450 K
COMPARED WITH € 5,207 K AT DECEMBER 31, 2021
    * REVENUE WAS STILL IMPACTED BY THE COVID-19 PANDEMIC EARLY
2022

Source text for Eikon:  ID:nNDL4dRZ2l 
Further company coverage:  ALSGD.PA 

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