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Pixium Vision reports 2017 financial results

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Pixium Vision posted a net loss of 13.54 million euros, or 1.02 euros per share, in 2017 compared with a net loss of 12.44 million euros, or 0.98 euros per share, in 2016, according to a press release.

An operating loss of 12.66 million euros was reported for the year compared with an operating loss of 12.5 million euros in 2016.

General and administrative expenses totaled 4.93 million euros for the year compared with 4 million euros the previous year, while research and development costs decreased from 10.87 million euros in 2016 to 8.49 million euros.

Total revenues, composed mostly of a research tax credit, equaled 2.53 million euros.

The company reported a cash position of 10.5 million euros at the end of the year.