Ixico flags full-year revenue ahead of market expectations

(Sharecast News) - Ixico said on Tuesday that it expected revenue for the year ending 30 September to be ahead of market expectations at at least £8.0m, representing growth of about 22% on the prior year. The AIM-traded neuroscience imaging and biomarker analytics specialist said the update replaced its previous forecast of £7.5m, which would have represented a 15% uplift.

Chief executive Bram Goorden said the stronger performance had been driven by "a continued uplift in contract wins, contract extensions, and revenue diversification," adding that it demonstrated "the fruits" of the strategy put in place in 2024.

At 0939 BST, shares in Ixico were up 15.69% at 9.4p.

Reporting by Josh White for Sharecast.com.

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