August 21, 2019 / 5:09 AM / a month ago

BRIEF-Evolva H1 Product Revenues Up At 3.0 Million Francs

Aug 21 (Reuters) - EVOLVA HOLDING SA:

* PRODUCT REVENUES REACHED CHF 3.0 MILLION IN FIRST HALF OF 2019 (+65%)

* OVERALL REVENUES WERE CHF 6.4 MILLION, UP 67% COMPARED TO PRIOR YEAR

* ON TRACK TO REACH CASH BREAK-EVEN IN 2021/23 TIMEFRAME

* IMPROVED OPERATIONAL STRUCTURE AND BUSINESS PROCESSES RESULTING IN SIGNIFICANTLY LOWER OPERATING EXPENSES (OPEX)

* CASH POSITION OF CHF 45.3 MILLION ON 30 JUNE 2019 (31 DECEMBER 2018: CHF 60.4M) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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