PARIS--(BUSINESS WIRE)--Regulatory News:
STENTYS (Paris:STNT) (FR0010949404 STNT), a French group specialized in medical technologies for interventional cardiology, today reported its consolidated quarterly revenues and cash position at March 31, 2020.
First-quarter revenues by geographical region
thousands
Q1 2020
Q1 2019
% change
Europe1
442
1,357
-67%
Rest of the world
315
1,243
-75%
Total revenues
757
2,600
-71%
Audited data
First-quarter revenues by product category
thousands
Q1 2020
Q1 2019
% change
Stents
133
1,638
-92%
Balloons & accessories
624
961
-35%
Total revenues
757
2,600
-71%
Audited data
During the first quarter of 2020, the Company liquidated its inventories. On the date of publication of this press release, the Company no longer has regulatory clearance to market its products. Unsold products have been destroyed. STENTYS will henceforth generate no further revenues.
Cash position of 6.1 million The Group had a cash position of 6.1 million at March 31, 2020 versus 8.2 million at December 31, 2019.
Additional information is available at http://www.stentys.com.
STENTYS is listed on Compartment C of Euronext Paris ISIN: FR0010949404 Ticker: STNT
***
Forward-looking statements
This press release contains forward-looking statements about the Company that are based on numerous assumptions regarding the Companys present and future business strategies and the environment in which it will operate in the future which may not be accurate. Such forward-looking statements involve known and unknown risks which may cause the Companys actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with the development and commercialization of the Companys products, market acceptance of the Companys products, its ability to manage growth, the competitive environment in relation to its business area and markets, its ability to enforce and protect its patents and proprietary rights, uncertainties related to the U.S. FDA approval process, slower than expected rates of patient recruitment for clinical trials, the outcome of clinical trials, and other factors, including those described in the Section 4 Risk Factors of the Companys 2016 Registration Document (document de rfrence) filed with the French Autorit des Marchs Financiers (AMF) on November 29, 2017 under number D.17-1084.
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1Gerrmany, Italy, Switzerland, Austria, Poland, Netherlands, France, Belgium, United Kingdom, Spain, Greece, Portugal and Nordic countries.
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STENTYS: Financial Information for the First Quarter Of 2020 - Business Wire
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