CybAero: costly transition period
Research Note
2015-08-26
16:51
Financial H1 has as expected not yielded significant income statement results. The firm’s activity during the last months has been centered around the delayed acceptance tests for the Chinese customs delivery and scaling up the firm towards production start of the first 5 AVIC systems in the near future. This has pressured the firm’s cash position and triggered the ongoing equity issue. Hopes for the next half year are on a successful delivery and payment of the Chinese customs systems and the delivery of some systems to AVIC as part of their first call-off.
AS
Alexander Sattelmaier
Disclosures and disclaimers