MedaPhor Group plc – Final Results

MedaPhor Group plc (AIM: MED), the global provider of advanced ultrasound education simulators for medical professionals, announces its preliminary results for the year ended 31 December 2016. Financial highlights Revenues increased 49% to £3.3m (2015: £2.2m) UK sales up 27%, North America sales up 7% and Rest of World sales up 166% Loss before tax and exceptional items £1.8m (2015: Loss, £1.7m) Raised £3.0m net of costs by way of placing of shares Year-end cash at £1.8m (2015: £1.3m) Operational highlights Acquired Inventive Medical Limited (HeartWorks) bringing complementary products and resources using MedaPhor shares as consideration Placing funds enabled further [...]