Slowly but surely
Crossject released its FY18 results. Revenues reached €3.52m vs €4.14m, operating result €-11,556k vs €-8,621k, and the net result €-10,711k vs €-7,611k. Net cash at the end of FY18 amounted…
The positive on EBITDA, the negative on free cash flow
In 2018, Prodware had satisfactory EBITDA in a challenging transformation to SaaS. Conversely, free cash flow was disappointing due to a deterioration in the collection of trade receivables in Q4…
Good revenue growth, above expectation
In Q4 18, revenue growth (+10.7% on constant scope) was above expectation and benefited also from a low comparative in Q4 17 (-16.7% on constant scope). Prodware had record SaaS…
Avoided carbon gains speed
Ecoslops’ success in processing oil wastes for a profit is gaining momentum with a full financing of its second unit due in early 2020. Ecoslops posted a raft of positive…
Some extra non-dilutive financing
Crossject announced it had obtained a €1.1m financing from Bpifrance and the Bourgogne-Franche Comté region. The financing is made up of two loans (one relating to R&D and, the second…
Solid 2018 vintage
Chargeurs released 2018 revenues ahead of expectations in adverse global markets and looks like beating street expectations at the operating line (preliminary: a bit more than €48m). This would indeed…
Europlasma files for Chapter 11
Europlasma could not bring to fruition plans to recapitalise/dispose assets. It filed for the French equivalent of Chapter 11 which opens a 6-month process. Trading should resume on 29/01/2019. Difficult…
End of year update confirms the recovery
In oil & gas, Dietswell echoes in its end of year update what bigger players are seeing: after the downturn that started in 2014, oil exploration & production companies are…
A tighter spot
Europlasma warns of extra delays to its refinancing exercise, at risk of a full financial/perimeter restructuring. Europlasma issued an after-hours communiqué on 07/12/2018 about the fact that due diligence delays…
Dedicated to safety for people, goods and the environment
We initiate coverage of SFPI Group with a Buy recommendation and a c.70% upside. The core of SFPI Group’s business model is to target niche markets among the rather moderately-growing…