Vista posts $56.7m annual net loss

Mon, 01 Mar 2021

With most of the world's cinemas still closed because of covid, Vista Group posted a $56.7 million annual net loss but finished calendar 2020 with $67m in cash and another $39m in unused debt facilities.The cinema software company's bottom-line loss included $69.5m of non-cash items such as depreciation and amortisation as well as $28.4m of write-downs of goodwill and investments, including a $13.7m write-down of its Chinese associate.Operating cashflow was positive to the tune of $3m while the company kept its second-half cash burn to...

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