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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Genomic Vision | EU:GV | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0018 | 0.0018 | 0.001 | 0.00 | 01:00:00 |
Regulatory News:
Genomic Vision (FR0011799907 – GV) (Paris:GV), a biotechnology company that develops tools and services dedicated to the analysis and control of changes in the genome, today reported its revenue and cash position at December 31, 20211.
Revenue for the fourth quarter and full year 2021
FY
4th quarter
In thousands of euros – IFRS
2021
2020
∆
2021
2020
∆
Sales of products and services
994
1,084
-8%
374
289
29%
of which: life science research (LSR)
959
971
-1%
364
276
32%
of which: in-vitro diagnostics (IVD)
35
113
-69%
10
13
-23%
Other revenue
419
213
97%
99
7
n.s.
Total revenue from activity
1,413
1,297
9%
473
296
60%
In the fourth quarter of 2021, sales of products and services totaled €374 thousand, an increase of 29% compared with the fourth quarter of 2020, with:
Total revenue from activity totaled €473 thousand in the fourth quarter of 2021, versus €296 thousand in the fourth quarter of 2020, an increase of 60%.
Total revenue from activity was €1,413 thousand over the year to December 31, 2021, up 9% compared with the year to December 31, 2020, and consisted of:
Financial structure
At December 31, 2021, Genomic Vision had cash and cash equivalents of €2.3 million. The Company estimates that its available cash will enable it to finance its activities until May 2022, with the additional cash required to enable it to continue its activities over the coming 12 months estimated at €5 million.
In order to cover its working capital requirements, the Company put in place a financing line with Winance via the signing, on June 11, 2020, of an OCABSA (convertible notes with warrants) issuance contract. This contract provides for the issuance, to the benefit of Winance, of a number of €1 million tranches of OCABSA representing a maximum total bond issue of €12 million over a 24-month period.
The Company thus has a remaining balance of €6 million on this financing line, in accordance with the characteristics indicated in the Prospectus granted visa number 21-028 by the AMF French stock market authority on February 9, 2021 and under the contractual and legal conditions.
Based on updated sales growth and Research & Development, Sales & Marketing and General & Administrative spending hypotheses, and on associated working capital requirement assumptions, Genomic Vision will have the necessary resources to continue its development through to the final quarter of 2022.
The investment and growth financing requirements are based on the following key strategic priorities:
Next financial communication*
* Indicative date, subject to change. Publication will take place after the close of the Euronext market.
***
ABOUT GENOMIC VISION
GENOMIC VISION is a biotechnology company developing products and services dedicated to the analysis (structural and functional) of genome modifications as well as to the quality and safety control of these modifications, in particular in genome editing technologies and biomanufacturing processes. Genomic Vision proprietary tools, based on DNA combing technology and artificial intelligence, provide robust quantitative measurements needed to high confidence characterization of DNA alteration in the genome. These tools are mainly used for monitoring DNA replication in cancerous cell, for early cancer detection and the diagnosis of genetic diseases. Based near Paris, in Bagneux, GENOMIC VISION is a public listed company listed in compartment C of Euronext’s regulated market in Paris (Euronext: GV – ISIN: FR0011799907).
For further information, please visit www.genomicvision.com
***
Member of the CAC® Mid & Small and CAC® All-Tradable indexes
FORWARD LOOKING STATEMENT
This press release contains implicitly or explicitly certain forward-looking statements concerning Genomic Vision and its business. Such forward-looking statements are based on assumptions that Genomic Vision considers to be reasonable. However, there can be no assurance that such forward-looking statements will be verified, which statements are subject to numerous risks, including the risks set forth in the “Risk Factors” section of the universal registration document filed with the AMF on February 9, 2021 under reference number R.21-002, available on the web site of Genomic Vision (www.genomicvision.com) and to the development of economic conditions, financial markets and the markets in which Genomic Vision operates. The forward-looking statements contained in this press release are also subject to risks not yet known to Genomic Vision or not currently considered material by Genomic Vision. The occurrence of all or part of such risks could cause actual results, financial conditions, performance or achievements of Genomic Vision to be materially different from such forward-looking statements.
This press release and the information contained herein do not constitute and should not be construed as an offer or an invitation to sell or subscribe, or the solicitation of any order or invitation to purchase or subscribe for Genomic Vision shares in any country. The distribution of this press release in certain countries may be a breach of applicable laws. The persons in possession of this press release must inquire about any local restrictions and comply with these restrictions.
1 Unaudited data
View source version on businesswire.com: https://www.businesswire.com/news/home/20220215005981/en/
Genomic Vision Dominique Remy-Renou CEO Tel.: +33 1 49 08 07 51 investisseurs@genomicvision.com
Ulysse Communication Press Relations Bruno Arabian Tel.: +33 1 42 68 29 70 barabian@ulysse-communication.com
NewCap Investor Relations & Strategic Communications Tel.: +33 1 44 71 94 94 gv@newcap.eu
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