Lion booked €2.6 million ($3.4 million) in revenues for the quarter ended Sept. 30, down from €5 million ($6.4 million) during the same period last year.
The company did not state its R&D expenses for the quarter.
Lion's net loss for the quarter narrowed to €3.4 million from €6.5 million during the year-ago quarter. This reduction resulted from Lion's cost-cutting measures.
As of Sept. 30, Lion had €33.3 million in liquid assets.