News blog

LiDCO Group

  • BY: Andrew Hore |
  • POSTED: 12/06/2013 |

Patient monitoring devices developer LiDCO Group says that revenues in the four months to May 2013 were one-third higher than in the same period last year. 

UK sales have been strong with the number of monitors installed in the period increased from 30 to 59, which is similar to the number in the second half of last year. The NHS is increasingly installing the monitors. The forecast for the full year is 100 monitors. Since its launch, 28 CNAP non-invasive blood pressure modules have been sold. UK surgical disposables sales are 83% higher, compared with the 70% rate of growth for last year.

There are discussions with a potential distribution partner in the US and distributors in other territories. 

At 12.38p a share, up 0.88p, LiDCO is valued at £24m.

House broker finnCap forecasts a £300,000 profit for 2013-14, rising to £1.1m the following year. The shares are trading on 14 times prospective 2014-15 earnings.

Ingalls & Snyder has reduced its stake by nearly one-tenth, taking it to 12.7%.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2013_44.pdf

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