(AOF) – Parrot revealed a net loss, group share, of 32.4 million euros in 2023 compared to a loss of 19.5 million euros in 2022. The European specialist in professional microdrones posts a current operating loss of 27.3 million euros compared to a loss of 19 million euros in 2022. “Operational expenses decreased by more than 11 million euros between the first and second half of the year, in line with expectations, reaching at the end of “year 2023 a level adapted to the group’s development ambitions”, specifies Parrot.
Consolidated turnover fell by 10% to 65 million euros. It fell 8% at constant exchange rate.
The group’s net cash position amounts to 28.1 million euros at the end of December 2023 (compared to 44.8 million euros at the end of June 2023 and 68.5 million euros at the end of December 2022). The group has no financial debt. Cash consumption was reduced to 16.9 million euros in the second half, including 5.3 million euros linked to the strategic plan, partially offset by the receipt of the research tax credit for 1.4 million euros.
Regarding its prospects, Parrot indicates that it is “working to meet the technological and operational challenges to ensure the success of its new microdrone, a driving force in the direction of the year 2024”.
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