Pryme B.V. (DE:8XG) has released an update.
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Pryme B.V. has outlined a plan to increase production at its first plant, Pryme One, aiming to reach near full capacity by the latter half of 2025. Despite this ramp-up, the company anticipates a negative cash flow of approximately EUR 12.5 million for the year, driven by ongoing investments and the need for improved pricing from customers. Pryme is actively seeking additional funding to cover its projected liquidity shortfall and continue its operations.
For further insights into DE:8XG stock, check out TipRanks’ Stock Analysis page.
