A positive trading statement for the year to 31 January indicates a positive adjusted EBITDA compared with our forecast £0.2m loss, with adjusted PBT in line with expectations. Whilst ROW distributor sales, which can be lumpy, helped to offset lower than expected US revenues, LiDCO is gaining traction with the HUP offering. Whilst growth in the US was strong YoY, it was however somewhat below our expectations, due to the rate of HUP licence wins being slower than originally anticipated,

13 Feb 2020
LiDCO - Trading update

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LiDCO - Trading update
- Published:
13 Feb 2020 -
Author:
Mark Brewer | Cavendish Research -
Pages:
9 -
A positive trading statement for the year to 31 January indicates a positive adjusted EBITDA compared with our forecast £0.2m loss, with adjusted PBT in line with expectations. Whilst ROW distributor sales, which can be lumpy, helped to offset lower than expected US revenues, LiDCO is gaining traction with the HUP offering. Whilst growth in the US was strong YoY, it was however somewhat below our expectations, due to the rate of HUP licence wins being slower than originally anticipated,