Brief: Audiovalley FY Net Loss Widens To EUR 6.4 Mln

Winamp SA

26/04/2022 06:47

April 26 (Reuters) - Audiovalley SA  ALAVY.PA :
    * FY NEGATIVE NET RESULT OF-EUR 6.4 MILLION, COMPARED WITH
EUR 4.8
MILLION IN 2020 
    * FY REVENUE ROSE 44.5 PERCENT TO 28.3 MILLION EUR
    * AUDIOVALLEY: EXCELLENT 2021 ANNUAL RESULTS FOR THE
TARGETSPOT
DIVISION. AND STRONG INVESTMENT IN THE WINAMP DIVISION
    * STRONG GROWTH IN Q1 OF 2022
    * IN 2021, CURRENT OPERATING INCOME AFTER DEPRECIATION AND
AMORTIZATION FELL TO -EUR 4.4 MILLION COMPARED WITH -EUR 3.4
MILLION IN 2020
    * AT END OF 2021, FINANCIAL RESULT WAS EUR 2.8 MILLION IN
RED
COMPARED WITH A LOSS OF EUR 1.9 MILLION IN 2020
    * WE EXPECT SHIFT TO CONTINUE FROM TRADITIONAL FM RADIO
ADVERTISING CAMPAIGNS TO DIGITAL AUDIO MEDIA (SMARTPHONE
APPLICATIONS, SMART VOICE ASSISTANTS, PODCASTS, VIDEO GAMES,
ETC.) THAT ENABLE BETTER AUDIENCE TARGETING.
    * GROUP IS STUDYING SEVERAL OPTIONS TO SECURE FINANCING OF
ITS
WINAMP DIVISION BEYOND EARLY JUNE 2022.
    * FINANCIAL DEBTS ROSE FOR THE 2021 FINANCIAL YEAR TO €17.6
MILLION COMPARED WITH €15.3 MILLION AT END-2020
    * REVENUE FOR Q1 CONTINUED TO GROW BY A VERY GOOD 30%
COMPARED
WITH Q1 2021 (+21.5% AT CONSTANT EXCHANGE RATES), TO EUR 6.6
MILLION.

Source text for Eikon:  urn:newsml:reuters.com:*:nBw5jVTTVa
Further company coverage:  ALAVY.PA 

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