Pyrolyx AG Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Outlook for the Full Year 2017
August 15, 2017 at 08:21 pm
Pyrolyx AG reported audited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenues of 263,800 against 1,364,700 reported last year. Operating loss was at of 7,589,200 against 15,343,000 reported last year. Loss before tax was at 8,930,700 against 6,407,900 reported last year. Net loss was at 8,934,700 against 9,460,400 reported last year. Cash used in operating activities was at 4,432,300 against 5,117,000 reported last year. Investment in to long term intangible assets was at 9,700 against 210,000 reported last year.
For the full year 2017, the company anticipates group revenue from the sale of rCB, purolysis oil and steel to total about 1 million. No sales of technical components (by Pyrolyx Invent GmbH) are expected in 2017.