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24 Jan 2019 | 09:36

Feedback revenues edge 4% higher in H1

Feedback, a medical imaging technology company, said sales rose 22% in the first half of the year driven underpinned by growth in Europe, the US, South Korea and India.

For the six months to 30 November 2018, recognised revenue rose 4% to £0.236m on invoiced sales of £0.271m, up 22% from a year earlier.

The company reported a loss before interest, tax and amortisation (LBITDA) of £0.4m, wider than the loss of £0.337m from a year ago. Feedback also said it had signed an agreement in January this year, with software development partner Future Processing to 'enhance Feedback Medical's software development capability and to distribute relevant Future Processing imaging analysis products.' 'We have recruited to provide additional resource in data science and to support Cadran and this month, we have strengthened our partnership with Future Processing. This will bring increased software development capabilities and improved functionality to our technology as well as access to specialist medical imaging and AI expertise,' said Dr Alastair Riddell, Executive Chairman of Feedback.

At 9:36am: (LON:FDBK) Feedback PLC share price was 0p at 1.4p

Story provided by StockMarketWire.com
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