The trading statement for the year to 31 January 2018 indicated 1% growth in revenues to £8.3m, with direct-sales led markets (UK and US) offset by weaker distributor markets and the lack of revenues from China (-£0.5m). Year-end cash was in line at £3.2m. Encouraging progress seen in the US for its HUP programme and a strong pipeline of evaluations, which we expect to complete in 2018, should create a fundamentally stronger and more predictable revenue stream, eliminating t
15 Feb 2018
Trading update – it’s all about revenue recognition
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Trading update – it’s all about revenue recognition
- Published:
15 Feb 2018 -
Author:
Mark Brewer -
Pages:
10
The trading statement for the year to 31 January 2018 indicated 1% growth in revenues to £8.3m, with direct-sales led markets (UK and US) offset by weaker distributor markets and the lack of revenues from China (-£0.5m). Year-end cash was in line at £3.2m. Encouraging progress seen in the US for its HUP programme and a strong pipeline of evaluations, which we expect to complete in 2018, should create a fundamentally stronger and more predictable revenue stream, eliminating t