Parrot S.A. announced consolidated earnings results for the third quarter ended September 30, 2016. For the quarter, the company announced revenues of EUR 58.4 million compared to EUR 77.8 million for the same period a year ago. LBITDA was EUR 14.9 million compared to EBITDA of EUR 9.1 million for the same period a year ago. Loss from ordinary operations was EUR 24.0 million compared to income from operations of EUR 2.0 million for the same period a year ago. Net loss (group share) was EUR 26.3 million compared to net income, group share of EUR 6.1 million for the same period a year ago. Net loss was EUR 27.1 million or EUR 0.86 per basic and diluted share compared to net income of EUR 6.5 million or EUR 0.49 per basic and diluted share for the same period a year ago.

The company provided consolidated revenue guidance for the fourth quarter of fiscal 2016. In this environment, the group is targeting consolidated revenues of around EUR 100 million for the fourth quarter of 2016 and reminds that its cash position at the end of the year is affected by the seasonality of its working capital requirements.