Sygnis AG announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company's revenues were
EUR 0.1 million against EUR 0.1 million for the same period a year ago. Operating loss significantly improved by more than 31% to EUR 0.8 million against EUR 1.2 million for the same period a year ago, reflecting a decrease in operating expenses of more than 32% to EUR 0.9 million against EUR 1.3 million for the same period a year ago. The resulting net loss for the period was EUR 0.8 million, an improvement of 31% compared to EUR 1.2 million for the same period a year ago. Operating cash flow was EUR 1.1 million against EUR 0.9 million for the same period a year ago.

The company confirmed its outlook for the year 2014. The company expects revenues in 2014 within a range of EUR 2.0 to EUR 2.5 million and net loss to be significantly reduced.