News blog

LiDCO Group

  • BY: Andrew Hore |
  • POSTED: 20/02/2019 |

Changing to a SaaS model has held back revenues at patient monitoring equipment supplier LiDCO Group. 

In the year to January 2019, revenues fell 11% to £7.32m, while cost cutting meant that the loss was unchanged at £2m. The main decline was in the UK, partly down to the loss of third party revenues. US revenues increased by 2%.

Cash was slightly higher than expected at £1.72m and that could be maintained at the end of January 2020.

There is interest in the SaaS model for acquiring monitoring equipment and that should help revenues to recover this year. The number of monitors supplied on a SaaS model doubled to 191 and there could be a significant increase this year.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 19 August 2019

Continue reading... | 19/08/2019

Omega Diagnostics

Food intolerance and diagnostics company Omega Diagnostics has delayed its interim results announcement, although it figures appear likely to be in line with expectations. 

Continue reading... | 19/08/2019

Transense Technologies

More good news from Transense Technologies and the share price rose by 9.5p to 70.5p. 

Continue reading... | 13/08/2019

Ironveld

Ironveld has entered into confidentiality agreements with potential purchasers of its mining rights for the high-purity iron, vanadium and titanium project in the Bushveld complex in South Africa. 

Continue reading... | 12/08/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds