Brief: Spineway H1 Adjusted Net Loss Narrows To 1.5 Million Euros

Spineway SA

27/10/2020 17:00

Oct 27 (Reuters) - 
    * H1 ADJUSTED NET LOSS EUR 1.5 MILLION VERSUS LOSS OF EUR
1.6
MILLION YEAR AGO
    * H1 OPERATING LOSS EUR 1.4 MILLION VERSUS LOSS OF EUR 1.6
MILLION
YEAR AGO
    * ADJUSTED NET LOSS EXCLUDES EXCEPTIONAL FINANCIAL EXPENSE
OF
€10.6M RELATED TO COMPENSATION MECHANISM OF NEGMA FINANCING
CONTRACT
    * THIS FINANCIAL EXPENSE WAS NOT THE SUBJECT OF ANY CASH
OUTFLOW
AND WAS FULLY FINANCED IN SPINEWAY SHARES
    * END-JUNE NET DEBT AT EUR 0.5 MILLION
    * 9-MONTH REVENUE EUR 2.3 MILLION VERSUS EUR 3.9 MILLION
YEAR AGO
    * GRADUAL RESUMPTION OF SURGERIES IN Q3 2020

Source text: https://bit.ly/3e3ItCL
Further company coverage:  ALSPW.PA 

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