Pyrolyx AG Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015; Provides Earnings Outlook for the Full Year 2016
August 16, 2017 at 05:50 am IST
Pyrolyx AG reported audited consolidated earnings results for the year ended December 31, 2015. For the period, the company reported revenues of 1,364,700 against 10,900 reported last year. Operating loss was at of 5,343,000 against 3,412,000 reported last year. Loss before tax was at 6,407,900 against 3,976,800 reported last year. Net loss was at 9,460,400 against 3,490,900 reported last year. Cash used in operating activities was at 5,117,000 against 2,237,200 reported last year. Investment in to long term intangible assets was at 9,700 against 210,000 reported last year.
For the full year 2016, the company anticipates group revenue below that recorded in 2015 and to total less than 1 million. No sales of technical components (by Pyrolyx Invent GmbH) are expected in 2016, compared to turnover of about 1.1 million in 2015.