Genomic Vision

First-half 2022 Results - Seite 2

• €1.6 million in R&D expenses, due to the continued impact of the Covid-19 pandemic and a refocus on projects with greater added value;
• €0.3 million in Sales & Marketing expenses, down 47% compared with H1 2021 due to reduced activity over the period; and
• €1.3 million in General & Administrative expenses, stable compared with H1 2021.

The operating loss was -€2.5 million at June 30, 2022 (-€2.3 million in H1 2021). The net loss was -€2.6 million (-€2.3 million in H1 2021).

Financial structure as of June 30, 2022

Genomic Vision had cash and cash equivalents of €1 million at June 30, 2022, versus €2.3 million at December 31, 2021. This cash consumption is linked to the regular operations of the company.

In the first half of 2022, cash burn excluding financing flows was €1.7 million, versus €2 million in the first half of 2021, notably as a result of the decrease in working capital requirements largely due to extensive work from the teams to improve cash collection.

Based on revised sales growth and R&D, Sales & Marketing and General & Administrative spending assumptions and associated working capital requirement assumptions, as well as the contract signed with Winance, Genomic Vision has the necessary financial resources to continue its development over the next 12 months.

Impact of the Covid-19 crisis

The global economic slowdown associated with the public health crisis had a substantial impact on Genomic Vision’s main current and prospective clients slowing down the Sales and Technical teams’ business travel and platform installation.

Impact of the Ukrainian crisis

Genomic Vision does not have customers in Ukraine or Russia. Nevertheless, the overall economic slowdown linked to the crisis negatively impacts its other customers and prospects.

Upcoming financial publication

• Q3 2022 revenue: Thursday, October 27, 2022 (after market)

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ABOUT GENOMIC VISION

GENOMIC VISION is a biotechnology company developing products and services dedicated to the analysis (structural and functional) of genome modifications as well as to the quality and safety control of these modifications, in particular in genome editing technologies and biomanufacturing processes. Genomic Vision proprietary tools, based on DNA combing technology and artificial intelligence, provide robust quantitative measurements needed to high confidence characterization of DNA alteration in the genome. These tools are mainly used for monitoring DNA replication in cancerous cell, for early cancer detection and the diagnosis of genetic diseases. Genomic Vision, based near Paris in Bagneux, is a public listed company listed in compartment C of Euronext’s regulated market in Paris (Euronext: GV – ISIN: FR0011799907).