Analyst Research

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Provider: Reuters Investment Profile
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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MagForce AG Comments on FY 2013 Guidance


Thursday, 27 Jun 2013 02:00am EDT 

MagForce AG announced that the Company cannot be sure whether increasing revenues can be realized in the fiscal year 2013, whereby the Company expects to generate an increasing net loss from operating activities as compared to the fiscal year 2012 as part of its roll-out plan. This will mainly be due to the start of the clinical post-marketing study and preparations for market entry in additional countries. This corresponds to the objectives of the series of measures passed in the fiscal year 2012, the related restructuring of the Company and the focus on strategically important value drivers.