Intelligent Ultrasound has issued a trading update for the six months to 30 June 2020. The company expects to report revenues (which currently are all generated by the Simulation division) for H1/20E of £2.5m, down on the reported H1/19A revenues of £3.1m due to the impact of COVID-19 on reseller sales, particularly in China and Europe. Importantly, the AI division remains on track to deliver first revenues from its lead programme in 2021, while commercial discussions with OEMs for the second AI ....
13 Jul 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) | 9.5 0 0.0% | Mkt Cap: 31.1m
- Published:
13 Jul 2020 -
Author:
Chris Donnellan -
Pages:
5
Intelligent Ultrasound has issued a trading update for the six months to 30 June 2020. The company expects to report revenues (which currently are all generated by the Simulation division) for H1/20E of £2.5m, down on the reported H1/19A revenues of £3.1m due to the impact of COVID-19 on reseller sales, particularly in China and Europe. Importantly, the AI division remains on track to deliver first revenues from its lead programme in 2021, while commercial discussions with OEMs for the second AI ....