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LiDCO Group

  • BY: Andrew Hore |
  • POSTED: 26/08/2019 |

LiDCO says that it is on track to meet 2019-20 expectations. 

The patient monitoring equipment developer increased product sales by 10% to £3.33m in the first half, thanks to strong growth in the US and rest of the world. There was a 9% fall in the UK.

High usage programme licence revenue more than doubled and annualised revenues are £2.1m. Total revenues were 4% ahead at £3.5m, because of the loss of a distributorship for a third party product.

Net cash was £1.2m at the end of July 2019.

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