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Business Summary: Regnon SA is a Poland-based company engaged in the provision of value-added services in the area of consumer electronics and information technology (IT). The portfolio of offered services consists of assembling, integrated logistic solutions and post-sale services. The Company is involved in the production and distribution of its own products, including such brands as EasyTouch, a series of computer peripherals and navigation tools; PROcomp, a line of computers for individual customers; MyColor, including printers, toners, cartridges and accessories; ESML (European Solutions for Manufacturing and Logistics); and 4Energy, an Internet portal promoting healthy lifestyle.
Financial Summary: BRIEF: For the three months ended 31 March 2020, Regnon SA revenues increased 75% to PLN7K. Net loss decreased 40% to PLN58K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Administrative Expenses decrease of 36% to PLN65K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -PLN0.02 to -PLN0.01.