Vista cash burn at lower end of guidance

Vista chief executive Kimbal Riley says cinema reopenings will take a while to translate into cash.

Wed, 26 May 2021

Vista Group said its monthly cash burn through the first four months of the year is tracking towards the bottom of its expected $3 million to $4m range.While cinemas around the world are reopening, "we anticipate the effects of cinema reopening will take a little while to flow into our overall cash collection efforts," chief executive Kimbal Riley told the annual shareholders' meeting.He said 74% of theatres in the United States and 67% in Europe, the Middle East and Africa were now open again."Over 80% of our business comes...

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