Intelligent Ultrasound has provided a trading update for the 12 months to December 2020. The company expects revenues to be £5.2m, which, while down YoY, are composed of strong direct sales of £3.8m (+15% YoY) offset by pandemic-impacted reseller sales of £1.4m (-46% YoY). Despite the decline in revenues, the group operating loss is expected to improve to between £4.1m and £4.2m (2019A loss of £4.6m) reflecting reduced sales and marketing costs. Intelligent Ultrasound made significant business d ....
12 Jan 2021
Cenkos: Intelligent Ultrasound Group Plc -- FY20 trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Intelligent Ultrasound Group Plc -- FY20 trading update
Intelligent Ultrasound Group Plc (IUG:LON) | 9.5 0 (-2.6%) | Mkt Cap: 31.1m
- Published:
12 Jan 2021 -
Author:
Chris Donnellan -
Pages:
5
Intelligent Ultrasound has provided a trading update for the 12 months to December 2020. The company expects revenues to be £5.2m, which, while down YoY, are composed of strong direct sales of £3.8m (+15% YoY) offset by pandemic-impacted reseller sales of £1.4m (-46% YoY). Despite the decline in revenues, the group operating loss is expected to improve to between £4.1m and £4.2m (2019A loss of £4.6m) reflecting reduced sales and marketing costs. Intelligent Ultrasound made significant business d ....