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Pixium Vision reports 2018 first half financial results

Issue: September 2018

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Pixium Vision reported a net loss of 2.99 million euros, or 0.20 euros per share, in the first half of 2018 compared with a net loss of 6.44 million euros, or 0.50 euros per share, in 2017’s first half.

General and administrative costs decreased from 2.13 million euros in 2017’s first half to 1.32 million euros in the current year, which the company attributed to a drop in rental costs for facilities and the chairman of the board’s decision to forgo cash compensation, according to a press release.

Research and development costs totaled 3.05 million euros in the first half of the year compared with 3.66 million euros in 2017.

Revenues totaled 0.91 million euros, which included a research tax credit of 0.86 million euros.