Navya Reports Its H1 2020 Results: Improvement in Cash Position and Strengthening of Technological Investments
(WorldNews Germany)

Navya Reports Its H1 2020 Results: Improvement in Cash Position and Strengthening of Technological Investments 23 Sep 2020 17:45 CEST Company Name NAVYA ISN FR0013018041 Market Euronext Symbol NAVYA Strong cash position at €27.4m at the end of August 2020 thanks to a sharp reduction in cash burn, €4.7m in H1 2020 vs. €14.6m in H1 2019 (-68%) Installed base of nearly 170 AUTONOM® SHUTTLE vehicles, up +26% vs. H1 2019 Interest in autonomous shuttles reinforced by the health crisis, H1 2020 revenues of €4.7 million and additional projects won; continued growth in the Services business (+34%), or 33% of half-year revenues Continued growth in R&D expenses (+13%) to boost technology development;...