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MED Intelligent Ultrasound Group Plc

14.50
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intelligent Ultrasound Group Plc LSE:MED London Ordinary Share GB00BN791Q39 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.50 14.00 15.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Intelligent Ultrasound Group PLC Trading update (0022F)

10/07/2019 7:00am

UK Regulatory


Intelligent Ultrasound (LSE:MED)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMMED

RNS Number : 0022F

Intelligent Ultrasound Group PLC

10 July 2019

Intelligent Ultrasound Group plc

("Intelligent Ultrasound" or the "Group")

Trading update

Intelligent Ultrasound Group plc (AIM: MED), the artificial intelligence (AI) based ultrasound software and simulation company, announces that Group turnover for the six months to 30 June 2019, which is currently generated entirely by the Group's Simulation Division, is expected to grow by 25% to approximately GBP3.1m (H1 2018: GBP2.5m). Cash at bank at 30 June 2019 was GBP3.5m (31 December 2018: GBP5.6m).

The full Half-Year Report is expected to be released in late July.

Stuart Gall, CEO of Intelligent Ultrasound Group plc, commented: "Following on from our Clinical Division's milestone AI contract win which we announced on 4 July 2019, it is particularly pleasing to be able to report continued growth in the first half of the year by our Simulation Division, bringing it closer to breakeven and underpinning our confidence in achieving management's expectations for the full year."

Enquiries:

 
Intelligent Ultrasound Group                                      www.intelligentultrasound.com 
 plc 
Stuart Gall, CEO                                                       Tel: +44 (0)29 2075 6534 
 Wilson Jennings, CFO 
 
Cenkos Securities - Nominated Advisor                                  Tel: +44 (0)20 7397 8900 
 and broker 
Giles Balleny / Cameron MacRitchie 
 (Corporate Finance) 
Michael Johnson / Julian Morse 
 (Sales) 
 
Walbrook PR                    Tel: +44 (0)20 7933 8780 or intelligentultrasound@walbrookpr.com 
Anna Dunphy / Paul McManus                                  Mob: +44 (0)7876 741 001 / Mob: +44 
                                                                                (0)7980 541 893 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

July 10, 2019 02:00 ET (06:00 GMT)

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