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CustomVis

  • BY: Andrew Hore |
  • POSTED: 21/09/2008 |

CustomVis believes that its new retinal imaging camera will help it to move nearer to breakeven.

CustomVis designs and manufactures laser eye correction equipment. It makes three laser eye correction machines each month. The tight cash position means that it is difficult to make more each month. The retinal imaging camera is a lot cheaper than the laser eye correction equipment - which can cost more than $200,000 each - so it should not tie up much working capital.

CustomVis could make eight laser eye correction machines if it had enough demand and cash for working capital. The new design is proving popular with potential customers and it does not have the technical problems of the previous version. The company is trying to push up the prices it is charging while supply is limited.

Management believes that CustomVis can reach profitability before its current cash deposits run out. There was £1.4m in the bank at the end of June 2008, having raised £2.24m earlier in the year.

At 0.75p a share, CustomVis is valued at £1.27m. 

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