Braster 2018 net loss narrows to PLN 19.8 mln

MedTech company Braster recorded 2018 net loss of PLN 19.8 million compared to the loss of PLN 24.9 million y/y, the company said. Revenue grew to PLN 0.9 million from PLN 0.4 million y/y. Braster said that currently, revenue is insufficient "to allow the company's operating costs to be covered". It added that there is a risk of lacking a sufficient amount of cash or liquid assets allowing it to continue operations. "A possible restriction of the company's access to the source of financing may cause delays or inability to settle both commercial and financial liabilities," it is added.

Net cash flow from operating activities was negative in 2018 and amounted to PLN 17.3 million. A year earlier, it was PLN 28.3 million.

(PAP)