July 9, 2020 / 6:09 AM / a month ago

BRIEF-Spineguard H1 Revenue At 2.3 Million Euros

July 9 (Reuters) - SPINEGUARD SA:

* FIRST HALF 2020 REVENUE WAS EUR 2.3 M

* COMPANY ESTIMATES THAT IT CAN FUND ITS NEEDS UNTIL MID-2022

* CASH POSITION AS OF JUNE 30, 2020 OF EUR 1.2 M PLUS SECURED EQUITY LINE FACILITY FOR EUR 2.4 M MEANS THAT TOTAL CASH AVAILABLE TO COMPANY IS EUR 3.6 M

* SPINEGUARD IS CONTINUING ITS DISCUSSIONS WITH ITS MAIN CREDITORS TO ARRANGE “VENTURE” DEBT AND FEI INNOVATION LOAN RESPECTIVELY Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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