2020 Operating Expenses
2020 Income statement
Lower operating expenses and reduction in operating loss 2020
Income Statement / € million
Unaudited
As of December 31
Sales
Other income
2020
2019
23.8
20.1
2.2
2.1
TOTAL REVENUES
Direct cost of sales
GROSS MARGIN
26.0
22.2
(11.2)
(11.0)
12.6
9.1
as a % of revenue
52.9%
45.4%
excluding exceptional items as % of revenues
54.3%
49.8%
Total operating expenses
(24.4)
(27.9)
Operating income/(loss)
Net financial income/(expense)
Net income/(loss)
EOS
imaging
(9.6)
(16.7)
(1.6)
(1.7)
(11.2)
(18.4)
CONNECTING IMAGING TO CARE
Total revenues of €23.8 million generated
in 2020 (+19%) vs. 2019, which had been
impacted by the business model
transition
Improvement in Gross margin from 49.8%
to 54.4%
An OPEX decrease by 13% vs. 2019
Significant reduction in net loss by 39%
April 2021 17View entire presentation