Vista cash burn at lower end of guidance

Vista cash burn at lower end of guidance
Vista chief executive Kimbal Riley says cinema reopenings will take a while to translate into cash.
Jenny Ruth
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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