on NamR (EPA:ALNMR)
NamR: Financial status as of November 15, 2024
On November 26, 2024, namR published its financial position. As of November 15, cash and cash equivalents stood at €377K, excluding €412K of outstanding trade receivables. At the end of October, gross financial debt stood at €6.0M, and discussions with banking partners for a rescheduling of this debt are ongoing.
To ensure its continuity, namR is actively seeking financing solutions. The company has also decided on a voluntary departure plan, reducing the workforce from 40 to 31 employees as of December 1, 2024, anticipating a reduction in payroll of €700,000.
Despite these challenges, namR maintains its target of €3.2 million in revenue for 2024, with recurring revenue increasing to an ARR of over €1.9 million by the end of October.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all NamR news