Nexstim plc Reports Earnings Results for the Six Months and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
For the full year, the company reported net sales of EUR 2,645,300 compared to EUR 2,482,600 a year ago. Loss for the period was EUR 7,327,900 compared to EUR 6,732,700 a year ago. Loss per share was EUR 0.09 compared to EUR 0.56 a year ago. Cash flows used in operating activities were EUR 5,402,900 compared to EUR 7,225,300 a year ago.
For 2018, based on its business forecast, the company expects financial year 2018 to be a year of multiple investments and a larger loss than in financial year 2017 is expected for the period.