Feedback PLC Trading Update (4565K)
21 September 2016 - 9:30PM
UK Regulatory
TIDMFDBK
RNS Number : 4565K
Feedback PLC
21 September 2016
21 September, 2016
Feedback plc
("Feedback" or the "Company")
Trading Update
Feedback plc (AIM: FDBK), the medical imaging software company,
is pleased to announce an update on current trading.
The Company has made good progress in conjunction with Alliance
Medical on a technical solution that would allow the integration of
TexRAD into Alliance's network of PET/CT scanners in UK hospitals
and a prototype version has already been demonstrated to potential
users. The next steps will include applying for a CE mark for a
medical device which provides analysis of lung PET/CT images with
added prognostication through TexRAD.
The number of new purchase orders received for TexRAD research
versions has increased significantly in recent months leading to
expectations of a much improved cash inflow over the next few
months. However this follows a period of about 12 months where
sales of research versions were at a lower level and mainly to
existing customers. We are now assessing whether the present high
level of sales can be continued with additional sales support.
Our final results for the financial year ended 31st May 2016 are
scheduled to be announced in October 2016. These are expected to
show turnover significantly ahead of the previous year and a
substantially reduced operating loss.
For further information contact:
Feedback plc Tel: 01954
Alastair Riddell 718072
Allenby Capital Limited (Nominated Tel: 020 3328
Adviser and Joint Broker) 5656
David Worlidge / James Thomas
Peterhouse Corporate Finance Tel: 020 7469
Ltd (Joint Broker) 0936
Lucy Williams / Duncan Vasey
This information is provided by RNS
The company news service from the London Stock Exchange
END
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