Intelligent Ultrasound has provided a trading update on 2019E, a significant year in the company's development, highlighted by the signing of a co-development agreement in July for its lead artificial intelligence (AI) product with a world leading ultrasound equipment manufacturer. While revenues for the year are expected to come in slightly below our expectations, the FUJIFILM SonoSite agreement (announced Oct-19), should support double-digit growth in FY20E. We maintain our Buy recommendation.
08 Jan 2020
Cenkos: Intelligent Ultrasound Group Plc -- Trading update
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Cenkos: Intelligent Ultrasound Group Plc -- Trading update
Intelligent Ultrasound Group Plc (IUG:LON) | 9.2 0 0.0% | Mkt Cap: 30.2m
- Published:
08 Jan 2020 -
Author:
Chris Donnellan -
Pages:
6
Intelligent Ultrasound has provided a trading update on 2019E, a significant year in the company's development, highlighted by the signing of a co-development agreement in July for its lead artificial intelligence (AI) product with a world leading ultrasound equipment manufacturer. While revenues for the year are expected to come in slightly below our expectations, the FUJIFILM SonoSite agreement (announced Oct-19), should support double-digit growth in FY20E. We maintain our Buy recommendation.