March 07, 2022 Bradenton, Florida – PRELIMINARY STATEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
Please note that this brief update includes forward-looking statements about our assembly’s prospects, goals, strategies, anticipated financial performance, and the projected impact of the coronavirus on our projects and investments.
Please understand that forward-looking statements are only estimates of future performance and should be treated as such. The forward-looking statements reflect only the assembly’s management’s expectations as of today, and the assembly disclaims any obligation to update them.
*** Good finish to a year of strong growth and business development ***
Markus Schronen, Board Chair and Assembly Consultant, stated: “We ended the year with strong growth across our business. In 2021, we achieved excellent overall growth, which was significant for The SiLLC Assembly from a strategic perspective. We continued to enhance our position with a number of strategic portfolio developments while expanding our footprint to support our growth ambitions.
Despite acknowledging that the current market environment and inflationary pressures present challenges across industries, The SiLLC Assembly is better positioned and more resilient than ever as we enter a new strategic cycle.”
The SiLLC Assembly announced a number of important investments in the year aligned with our strategic priorities and key growth segments.
To continue to capitalize on growth opportunities and further support digital transformation, the SiLLC Assembly will continue to increase investments from 2022 onwards.
Based on its strong balance sheet and financial strength, the SiLLC Assembly will continue to implement its capex strategies. Additional investments will remain an integral part of the assembly’s growth strategy.
The business ended 2021 in good health. The post-pandemic environment, along with inflationary and macro-economic pressures, as well as the current tensions in Ukraine, will continue to be digested by investment markets, but the SiLLC Assembly is in a robust position to implement investment systems capabilities in 2022 and explore further opportunities to drive growth.
Disclaimer
This document contains forward-looking statements based on the current estimates and assumptions made by the assembly team of SiLLC. These statements use words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast, and similar formulations, but they should not be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results achieved by SiLLC and its affiliated groups depend on several risks and uncertainties, and may, therefore, differ materially from the forward-looking statements. Many of these factors are outside SiLLC’s control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC does not plan or undertake to update forward-looking statements.
All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. It contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results, and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements, case studies, or forecasts. All references to SiLLC’s advisory activities relate to SiLLC International.
VOYAGER DIGITAL REPORTS REVENUE OF US$164.8 MILLION FOR THE QUARTER ENDED DECEMBER 31, 2021
NEW YORK, Feb. 15, 2022–Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced revenue and user metrics for the Fiscal 2022 Second Quarter ended December 31, 2021.
“I am excited to report our best quarter ever, doubling our revenue from the previous quarter, and highlighting Voyager’s positioning and revenue opportunity in active markets,” said Steve Ehrlich, CEO and Co-founder of Voyager. Ehrlich continued, “More importantly, we delivered significant revenue growth and supported a marked increase in customer activity without any material system issues during the quarter, highlighting the steps we’ve taken to build out the scale and security of the Voyager platform in 2021, as we position Voyager for a series of product roll outs in calendar 2022.
“We are a product delivery organization and are taking the necessary steps to continue our revenue diversification strategy,” continued Mr. Ehrlich. “The launch of our Voyager Debit Card, which allows for payroll direct deposits, is the next step in revenue diversification. We recently added engineering resources to our team which allowed us to add more tokens to the trading platform, and tokens available for staking. By the end of the March quarter, we expect our desktop platform and dark mode will be added to our product offering. We are also building towards adding equities to the platform, expanding the platform to Europe and Canada, and offering an NFT product and wallet. All of these are significant opportunities for the Company; and with our NFT platform we intend to make the viewing, acquiring and custody of NFTs easy for consumers.”
The Company is pleased to announce the following Fiscal 2022 Second Quarter ended December 31, 2021 Financial and Operational Key Metrics:
Revenue for the quarter is $164.8 million with $149.0 million for the historical business and $15.8 million from the Coinify merchant business. The $164.8 million in revenue is up over 4400% compared to $3.5 million for the quarter ended December 31, 2020.
Revenue for the calendar year ended December 31, 2021 is $415.8 million vs $6.6 million for the calendar year ended December 31, 2020.
Adjusted EBITDA is $17.4 million for the quarter vs $2.8 million for the quarter ended December 31, 2020.
Operating Income is $3.2 million for the quarter vs a loss of $2.9 million for the quarter ended December 31, 2020.
Total verified users on the platform stand at more than 3.2 million, up 49% from 2.15 million at the quarter ended September 30, 2021.
Total funded accounts exceed 1,074,000 as of December 31, 2021, up 25% from 860,000 at the quarter ended September 30, 2021.
Total Assets on Platform grew to $5.9 billion from $4.3 billion at September 30, 2021.
Our headcount increased to 250 as of December 31, 2021, from 231 at September 30, 2021.
All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.
“I am truly excited about where we are and where we are going. Voyager’s business continues to grow every day and the company is well positioned as a pioneer in the digital asset space,” Ehrlich added.
Conference Call Details Voyager will discuss its Fiscal 2022 Second Quarter results today, February 15, 2022, via a conference call at 8:00 a.m. Eastern Time. To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at https://www.investvoyager.com/investorrelations/overview.
About Voyager Digital Ltd. Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 85 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
The TSX has not approved or disapproved of the information contained herein.
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company’s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business or the interpretation or application of laws and regulations by regulatory authorities, and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, regulatory investigations, enforcement actions or other regulatory action or sanction, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that the key metrics disclosed in this press release, including, without limitation, Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available atwww.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends. Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets On Platform, Adjusted EBITDA and Adjusted Working Capital. All figures are in U.S. dollars unless otherwise noted.
Press Contacts
Voyager Digital, Ltd.
Michael Legg Chief Communications Officer (212) 547-8807
Voyager Public Relations Team
Voyager Digital Ltd. Interim Condensed Consolidated Statements of Financial Position (Unaudited) (USD, in thousands)
December 31, 2021
June 30, 2021
Assets
Current assets
Cash and cash equivalents
$
143,445
$
193,933
Cash held for customers
80,496
162,852
Crypto assets held ($966.3 million and $0.0 million restricted, respectively)
2,995,759
2,286,399
Crypto assets loaned
2,702,749
393,561
Crypto assets collateral received
181,629
–
Investments
–
31,359
Other current assets
14,943
5,839
Total current assets
6,119,021
3,073,943
Goodwill and intangible assets
80,958
559
Other non-current assets
17,538
2,860
Total assets
$
6,217,517
$
3,077,362
Liabilities
Current liabilities
Crypto assets and fiat payable to customers
$
5,676,023
$
2,807,015
Crypto assets collateral payable
181,629
–
Crypto assets borrowed
–
36,832
Warrant liability
16,083
23,810
Other current liabilities
20,515
22,644
Total current liabilities
5,894,250
2,890,301
Other non-current liabilities
9,507
739
Total liabilities
5,903,757
2,891,040
Equity
Share capital
407,720
261,908
Share-based payments reserve
25,592
15,125
Warrant reserve
1,144
3,457
Other comprehensive loss
(199)
–
Retained deficit
(120,497)
(94,168)
Total equity
313,760
186,322
Total liabilities and equity
$
6,217,517
$
3,077,362
Voyager Digital Ltd. Interim Condensed Consolidated Statements of Comprehensive Income/ (Loss) (Unaudited) (USD, in thousands except for shares data)
Three Months Ended December 31,
Six Months Ended December 31,
2021
2020
2021
2020
Revenues
Transaction revenue
$
86,502
$
2,056
$
130,016
$
3,682
Merchant services
15,844
–
29,801
–
Fees from crypto assets loaned
36,239
1,513
49,867
1,888
Staking revenue
20,722
–
28,429
–
Other revenue
5,541
–
8,242
–
Total revenues
164,848
3,569
246,355
5,570
Operating expenses
Rewards paid to customers
73,034
1,540
122,693
1,540
Marketing and sales
35,057
1,021
51,715
1,353
Cost of merchant services
15,497
–
29,205
–
Share-based payments
3,962
354
9,120
1,379
Compensation and employee benefits
8,793
1,058
14,619
2,082
Total compensation and employee benefits
12,755
1,412
23,739
3,461
Trade expenses
7,358
160
11,161
343
Customer onboarding and service
3,065
–
5,654
–
Professional and consulting
7,522
725
14,338
1,092
General and administrative
7,345
1,619
12,960
3,373
Total operating expenses
161,633
6,477
271,465
11,162
Income/ (loss) before other income/ (loss)
3,215
(2,908)
(25,110)
(5,592)
Other income/ (loss)
Change in fair value of crypto assets held
8,596
5,265
(7,044)
5,487
Change in fair value of investments
1,864
10,593
6,114
10,593
Change in fair value of crypto assets borrowed
(4,426)
(6,252)
(13,584)
(6,252)
Change in fair value of warrant liability
(3,627)
(15,589)
6,844
(17,102)
Fees on crypto assets borrowed
(1,390)
(106)
(2,532)
(106)
Total other income/ (loss)
1,017
(6,089)
(10,202)
(7,380)
Net income/ (loss) before provision/ (benefit) for income tax
4,232
(8,997)
(35,312)
(12,972)
Provision (benefit) for income tax
1,644
–
(8,983)
–
Net income/ (loss)
2,588
(8,997)
(26,329)
(12,972)
Other comprehensive income/ (loss)
Foreign currency translation adjustment
(67)
–
(199)
–
Total comprehensive income/ (loss)
$
2,521
$
(8,997)
$
(26,528)
$
(12,972)
Earnings per share
Basic
$
0.02
$
(0.07)
$
(0.16)
$
(0.11)
Diluted
$
0.01
$
(0.07)
$
(0.16)
$
(0.11)
SOURCE Voyager Digital (Canada) Ltd.
************************
Disclaimer All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.
Resultsof the first half of2021-2022 Press Release – Paris, France – January 17, 2021 at 07:30pm
The first half of the financial year 2021-2022ended onSeptember 30, 2021and the financialresults as well as the semi-annual financial report have been reviewed and approved by the Board of Directors on January 17, 2021. The semi-annual financial report is available on the website of the Group (www.atari-investisseurs.fr)and has been filed today with the“Autorité des marchés financiers”(AMF).
Highlights of the first half of 2021-2022 (April 1 to September 30, 2021) :
Appointment of Wade Rosen as CEO in April 2021, replacing Frédéric Chesnais
Complete review of the business and implementation of a new strategy, aiming at an improvement in profitability, focused on the development of new premium games (PC & console), with the discontinuation of certain mobile free-to-play games and the withdrawal from the Atari Casino operations in Africa.
Implementation of the new strategy leading to a decrease in revenue (-23.8%) in the context of the transition to premium games and of the significant decline of the licensing business, still heavily impacted by the effects of the pandemic
Launch of retail sales of the Atari VCS in the United States, contributing 2.3 M€ of revenue
June 2021: Licensing agreement with CBI, a company founded and managed by Frédéric Chesnais, for the development of a virtual world (blockchain technology) in the image of the Atari brand. Resignation of Frédéric Chesnais from the Board of Directors of Atari SA to prevent conflicts of interest.
Highlightsof the second half of 2021-2022(October 1, 2021 to March 30, 2022) :
Sale of land NFTs in The Sandbox to Republic Realm for 4.3 M$
US$3.5M strategic investment in the streaming platform Antstream Limited and a related option to purchase the assets of Mobygames, the world’s largest video game database
Launch of the first premium games: Asteroids Recharged, Black Widow Recharged, Centipede Recharged, available on the Atari VCS as well as all major consoles and PC.
Financing through shareholder loans: In order not to impact the Group’s cash position in the context of its requirements to source components for the Atari VCS, the Company was granted two loans in July, August and October 2021, by two shareholders, for a total of US$2.6M. IRATA LLC, a company controlled by Wade Rosen, contributed US$2.1M to this operation.
Results ofthe first half 2021-2022
IFRS, in M€
2021/2022 (April – Sept.)
2020/2021 (April – Sept.)
Variation %
Revenue in millions of euros
6.0
7.8
-23.8%
Cost of sales
(2.6)
(1.5)
GROSS PROFIT MARGIN
3.3
6.3
-47.1%
% of turnover
56%
81%
Research and development costs
(3.5)
(4.0)
Marketing and commercial expenses
(0.6)
(1.5)
General and administrative expenses
(2.1)
(2.0)
Other operating income (expense)
–
0.0
CURRENT OPERATING INCOME
(2.8)
(1.2)
-143.6%
Other income (expense)
–
–
OPERATING INCOME
(2.8)
(1.2)
-143.6%
Cost of debt
(0.0)
(0.1)
Other financial income (expense)
0.2)
(0.3)
Share of net operational profit of equity affiliates
(0.1)
0.0
Income tax
(0.0)
(0.0)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS
(2.8)
(1.5)
-80.4%
Net income (loss) from discontinued operations
(0.7)
–
NET INCOME OF THE CONSOLIDATED ENTITIES
(3.5)
(1.5)
Share attributable to the Group
(3.5)
(1.4)
Share attributable to minority interests
(0.0)
(0.1)
For the first half of the financial year 2021-2022 (April 1 to September 30, 2020), the Atari Group recorded revenue of 6.0 M€, compared to 7.8 M€ for the same half of the previous financial year. The decrease, -23.8% at current exchange rates and -20.3% at constant exchange rates, reflects the contraction in the licensing business, down by almost 73%, still significantly affected by the health crisis, as well as the slowdown in revenues from the video game business, down 51%; linked to the shift of the Atari Gaming division to new premium games and the pursuit of improved profitability for the remaining free-to-play games. This dynamic is partly compensated by the ramp-up of sales of the Atari VCS, which represented 2.3M€ over the period, while the VCS activity did not contribute to revenue in the first half of the previous financial year.
Revenues relating to the new activities developed on the blockchain represented 0.4M€, corresponding to income from NFT sales under a licensing agreement.
The gross margin level stands at 56% of turnover during the period compared to 81% for the previous period. This reflects the growing share of Atari VCS sales, whose margin is lower than that of the other games and licensing businesses of the Group.
R&D expenses are 13.4% lower due to a reduction in the amortization expenses related to R&D capitalized in previous years but also due to reduced investments in the production of new games.
Marketing and sales expenses amounted to 0.6M€ for the first half of the financial year 2021-2022. The reduction of 61% is the result of the optimization of the free-to-play games’ profitability, enabled by a drop in user acquisition costs. General and administrative expenses amounted to 2.1M€ and remained stable compared to the previous period.
In this context, the Group generated a current operating profit of -2,8 M€ during the first half of 2021-2022, compared to -1.2 M€ in the first half of 2020-2021.
Other financial income and expenses are mainly related to the accretion of long-term receivables for +€0.2M and secondary listing costs on the Nasdaq Stockholm market for -€0.1M. As a reminder, the listing of the Swedish Depositary Receipts (SDRs) on the Nasdaq First North Growth market in Stockholm was terminated on October 22, 2021 at Atari’s request.
Following the decision to withdraw from the directly-operated casino activities in Africa, the expenses linked to the wind-down of these activities are presented separately in the line item “Net income (loss) from discontinued operations” of the income statement, in accordance with IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”. These expenses amounted to 0.7M€ for the period ended September 30, 2021.
Net income of the consolidated entities thus amounts to -3.5M€, compared to -1.4M€ for the first half of 2020-2021.
Balance Sheet as atSeptember 30, 2021
ASSETS(in millions of euros)
30.09.2021
31.03.2021
Intangible assets
11.0
11.6
Property, plant and equipment
0.0
0.0
Right of use assets related to leasing contracts
1.7
1.9
Equity affiliates
0.0
0.0
Non-current financial assets
15.8
15.8
Deferred tax assets
1.9
1.9
NON-CURRENT ASSETS
30.4
31.3
Inventories
1.6
2.5
Trade receivables
4.2
3.3
Current tax assets
0.0
0.0
Other current assets
2.8
0.6
Cash and cash equivalents
0.8
2.5
Assets held for sale
0.0
0.3
CURRENT ASSETS
9.5
9.1
TOTAL ASSETS
39.9
40.4
EQUITY & LIABILITIES(in millions of euros)
30.09.2021
31.03.2021
Capital
3.1
3.0
Share premium
31.4
19.1
Consolidated reserves
2.9
14.0
Net income Group share
(3.5)
2.3
SHAREHOLDERS’ EQUITY GROUP SHARE
23.9
24.2
Minority interests
(0.0)
(0.0)
SHAREHOLDERS’ EQUITY OF CONSOLIDATED ENTITIES
23.9
24.2
Provisions for non-current contingencies and losses
0.0
0.0
Non-current financial liabilities
1.1
–
Deferred tax liabilities
1.5
1.6
Other non-current liabilities
0.7
0.7
NON-CURRENT LIABILITIES
3.3
2.3
Provisions for current contingencies and losses
–
–
Current financial liabilities
–
–
Current lease liabilities
0.3
0.3
Trade payables
6.9
7.3
Current tax liabilities
–
–
Other current liabilities
5.2
6.3
Liabilities held for sale
0.2
–
CURRENT LIABILITIES
12.7
13.9
TOTAL EQUITY & LIABILITIES
39.9
40.4
Non-current financial assets include 14.2M€ of trade receivables with a maturity of more than one year, compared to 14.3M€ as of March 31, 2021.
Other current liabilities of 5.2M€ notably include 3.7M€ of deferred revenue : 2.7M€ for sales and allocations of the Atari Token, 0.4M€ for pre-orders of the Atari VCS in the process of being fulfilled and 0.8M€ for hotel licensing revenues.
Outlook for 2021/2022
The Group is targeting improved financial performance in the second semester over the first six months of the fiscal year. This is performance is driven by several key projects:
ATARI GAMES
Release of new premium games, beginning with the Atari Recharged line-up of game titles
The launch of Atari XP, which allows fans to purchase unreleased or rare Atari cartridges
New licensing opportunities for classic Atari games with streaming providers
Expanded opportunities with brand licensing partners as licensing demand recovers from pandemic related interruptions
ATARI VCS
The VCS is available for sale for the entirety of the second semester
Increased digital sales through the VCS platform as more game content is added
ATARI BLOCKCHAIN
Sale of a portion of Atari land in the Sandbox metaverse
Development of new NFT products leveraging the large portfolio of Atari IP as well as partnerships with third-parties
Disclaimer: The realization of the plans, and their operational budget and financing plan remain inherently uncertain, and the non-realization of these assumptions may impact their value.
About Atari: Atari, comprised of Atari SA and its subsidiaries, is a global interactive entertainment and multiplatform licensing group. The true innovator of the video game, founded in 1972, Atari owns and/or manages a portfolio of more than 200 games and franchises, including globally known brands such as Asteroids®, Centipede®, Missile Command® and Pong®. From this important portfolio of intellectual properties, Atari delivers attractive online games for smartphones, tablets, and other connected devices. Atari also develops and distributes interactive entertainment for Microsoft, Sony and Nintendo game consoles. Atari also leverages its brand and franchises with licensing agreements through other media, derivative products and publishing. For more information: www.atari.com and www.atari-investisseurs.fr/en/. Atari shares are listed in France on Euronext Paris (Compartment C, ISIN Code FR0010478248, Ticker ATA) and are eligible for the Nasdaq International program in the United States (OTC – Ticker PONGF).
Contacts
Atari – Philippe Mularski, CFO Calyptus – Marie Calleux Tel +33 1 83 64 61 57 – Tel + 33 1 53 65 68 68 –
APPENDIX
Net cash position at September 30, 2021
Net cash position (in millions of euros)
30.09.2021
31.03.2021
Shareholder loan
(1.1)
–
Non-current
(1.1)
–
Current financial liabilities
–
–
Current
–
–
Gross financial debt
(1.1)
–
Cash and cash equivalents
0.8
2.5
NET CASH POSITION
0.2
2.5
************************
Disclaimer All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.
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