Brief: Delta Drone Q1 Consolidated Revenue Down At 3.7 Million Euros

Tonner Drones SA

27/04/2020 06:56

April 27 (Reuters) - DELTA DRONE SA  ALDR.PA :
    * CONSOLIDATED REVENUE FOR Q1 OF 2020 FINANCIAL YEAR WAS OF
EUR
3.7 MILLION
    * LATEST ORNAN AGREEMENT, SET UP AT END OF LAST YEAR, HAS
ENDED AS
ALL BONDS HAVE BEEN CONVERTED
    * DESPITE VARIOUS LIMITATIONS ATTRIBUTABLE TO CURRENT
CRISIS,
RESEARCH AND DEVELOPMENT AND SALES DEVELOPMENT ACTIVITIES HAVE
INTENSIFIED
    * ON THE DATE OF THE GENERAL MEETING, THE GROUP’S CASH
POSITION
WAS OF €2.3M, €0.5M OF WHICH WAS HELD BY DELTA DRONE SOUTH
AFRICA
    * POTENTIAL SOURCE OF ADDITIONAL FINANCING IS THEREFORE IN
LINE
WITH FINANCING PLAN REQUIRED FOR IMPLEMENTATION OF 2020 - 2021
PLAN
    * RAPPROCHEMENT OF DELTA DRONE SOUTH AFRICA WITH AUSTRALIAN
COMPANY PARAZERO LTD IS PROCEEDING AS PLANNED
    * ALTHOUGH GOALS REMAIN UNCHANGED, TIMING MAY ENCOUNTER
DELAYS

Source text for Eikon:  ID:nGNE9cvhcF 
Further company coverage:  ALDR.PA 

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