Singulus Technologies has revealed that more than half of its capital stock has been used up, as it expects to record a loss for the financial year in progress of €16.7 million ($19.9 million). Equity under the German Commercial Code (HGB) reached €3.7 million at the end of August, from €20.4 million at the end of December 2016. Singulus said that the loss is mainly due to the delayed recognition of revenue under HGB.
Revenue can only be recorded under HGB principles if customers of a company have confirmed their final acceptance of ordered equipment, the company said in its HGB interim financial statements. It expects its outstanding ...Den vollständigen Artikel lesen ...