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Etrion Releases Second Quarter 2024 Results

GENEVA, Aug. 13, 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 and six months ended June 30, 2024. Q2-24 HIGHLIGHTS Etrion closed the second quarter of 2024 with an unrestricted cash balance of US$5.9 million and a positive working capital of US$5.6 million. Management Comments: Marco A. Northland, the Company's Chief Executive Officer, commented, "The Company going forward will maintain very limited resources and proceed with a windup of the Company as previously disclosed." FINANCIAL SUMMARY   Three months ended Six months ended US$ thousands (unless otherwise stated) Q2-24 Q2-23 Q2-24 Q2-23           Financial performance         EBITDA (510) (413) (898) (793) Net loss