Inscape Announces Second Quarter 2023 Financial Results

Published on December 09, 2022 03:31 PM EST

Dec 9 (Reuters) - Inscape Corp:

* INSCAPE ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS

* INSCAPE CORP Q2 SALES FELL 14.3 PERCENT TO C$8.3 MILLION

* INSCAPE CORP - QTRLY LOSS PER SHARE $0.55

* INSCAPE CORP - TO EXTENT THAT HILCO TAKE-OVER BID DOES NOT PROCEED AS PLANNED, COMPANY WILL HAVE DIFFICULTY IN MEETING FINANCIAL OBLIGATIONS

* INSCAPE CORP - CO HAS NOT EXPERIENCED AN INABILITY TO FULFILL CUSTOMER ORDERS OR DELAYS IN DELIVERIES TO CUSTOMERS

* INSCAPE CORP - TO EXTENT THAT CO'S CASH NEEDS EXCEED ITS CASH AND CASH EQUIVALENTS, CO WILL HAVE DIFFICULTY IN MEETING ITS FINANCIAL OBLIGATIONS

* INSCAPE - TO EXTENT THAT CO UNABLE TO FURTHER DRAW DOWN ON REVOLVING DEMAND CREDIT FACILITY, CO WILL HAVE DIFFICULTY IN MEETING FINANCIAL OBLIGATIONS

* INSCAPE - TO EXTENT HILCO DEMANDS REPAYMENT OF ANY OF SUCH REVOLVING DEMAND CREDIT FACILITY, WILL HAVE DIFFICULTY IN MEETING FINANCIAL OBLIGATIONS Further company coverage:

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