Apex Trader Funding (ATF) - News
Etrion Releases First Quarter 2024 Results
GENEVA, Switzerland, May 24, 2024 (GLOBE NEWSWIRE) -- Etrion Corporation ("Etrion" or the "Company", and, together with its subsidiaries, the "Group") released today its condensed consolidated interim financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2024.
Q1-24 HIGHLIGHTS
Etrion closed the first quarter of 2024 with an unrestricted cash balance of US$6.3 million and a positive working capital of US$6.6 million.
Management Comments
Marco A. Northland, the Company's Chief Executive Officer, commented, "The Company going forward will maintain very limited resources and proceed with a windup of the Company as previously disclosed."
FINANCIAL SUMMARY
Three months ended
US$ thousands (unless otherwise stated)
Q1-24
Q1-23
Financial performance from continuing operations
EBITDA
(370
)
(380
)
Net loss