LIDCO provided a trading update for the six months to 31 July, indicating to us that it is on track to meet full-year expectations. LiDCO product revenues grew by 10% to £3.3m, driven by the US, up 47% (42% CER), with High Usage Programme (HUP) licence revenue up 119%. Net cash at 31 July was £1.2m, implying an outflow of £0.5m but substantially down from £1.2m in H1 FY 2019. Cashflow is on track to break even in the second half, benefiting from a c.£0.2m tax cre
20 Aug 2019
LiDCO - Half-year trading update: on track to meet FY forecasts
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LiDCO - Half-year trading update: on track to meet FY forecasts
- Published:
20 Aug 2019 -
Author:
Mark Brewer -
Pages:
7
LIDCO provided a trading update for the six months to 31 July, indicating to us that it is on track to meet full-year expectations. LiDCO product revenues grew by 10% to £3.3m, driven by the US, up 47% (42% CER), with High Usage Programme (HUP) licence revenue up 119%. Net cash at 31 July was £1.2m, implying an outflow of £0.5m but substantially down from £1.2m in H1 FY 2019. Cashflow is on track to break even in the second half, benefiting from a c.£0.2m tax cre