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TargetEveryone has a short-term deficit in working capital
As TargetEveryone recently completed the development of SpectrumOne, the company is currently in a commercialization phase where revenue from SpectrumOne customers is expected to grow quickly. In addition, the announced cost cuts will have an ordinary delay before they are effectuated. Due to this situation, TargetEveryone has a short-term deficit in working capital for the next three months.
TargetEveryone currently assess various options to address the situation, and will inform the market when a solution is ready.
For further information contact:
Chairman of the Board
+46 73-978 78 44
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
TargetEveryone AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on August 22, 2019 at 10.10 a.m. CET