Still, the loss-making company highlighted an 8 per cent rise in orders and ongoing cost cuts that its co-CEO said pointed to a path to profitability. “We committed that we are going to show significant progress on our path to profitability. Revenue for the quarter fell to 34.9 million euros ($41.1 million). The company said while there were surges in demand in markets that went into total lockdown, this only happened in 24 per cent of its adjustable market. “Things went back to normal sometime in (the second quarter),” Poignonnec said.

Source: Standard Digital August 13, 2020 09:41 UTC