Fermentalg Reports Earnings Results for the Full Year Ended December 31, 2017
March 05, 2018
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Fermentalg reported earnings results for the full year ended December 31, 2017. The company reported revenue of EUR 170,000 compare to EUR 137,000 a year ago. Operating loss before share based payments and non-current elements of EUR 7,237,000, operating loss after share based payments and non-current elements of EUR 7,242,000, consolidated net loss of EUR 7,271,000, comprehensive consolidated net loss (group share) of EUR 7,269,000 or EUR 0.56 per diluted share against operating loss before share based payments and non-current elements of EUR 6,244,000, operating loss after share based payments and non-current elements of EUR 7,700,000, consolidated net loss of EUR 7,570,000, comprehensive consolidated net loss (group share) of EUR 7,559,000 or EUR 0.62 per diluted share a year ago. Net cash used in operations was EUR 7,164,000 against EUR 3,469,000 a year ago. Production of fixed assets (capitalized R&D) was EUR 2,481,000 against EUR 2,460,000 a year ago.
Fermentalg is an expert in the research and bio-industrial exploitation of micro-algae and aims to provide sustainable solutions and innovative products that contribute to the development of healthy, natural and high-performance products. Its business: the development, production and marketing of sustainable solutions and active ingredients derived from microalgae for nutrition, health and the environment. Nutritional lipids, alternative proteins and natural food colorants make up the company's current and future offer.