Change of name to Intelligent Ultrasound Group plc

MedaPhor Group plc announces that, pursuant to the resolution passed at the General Meeting held on 12 December 2018 (RNS ref: 2840K), it has changed its name to Intelligent Ultrasound Group plc (the "Company" or the "Group"). The Board believes that the new name reflects the fact that the Group is no longer just a global leader in ultrasound training through simulation, but has expanded into the development of artificial intelligence (AI) software to guide and support doctors and sonographers in clinical ultrasound scanning. Trading in the Group's shares under the new name will commence at 8.00 a.m. on 15 [...]

January 14th, 2019|

MedaPhor Group plc Trading Update

MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company,   announces that Group turnover for the year to 31 December 2018, which was generated entirely by the Group’s Simulation Division, is expected to grow by approximately 27% to between £5.3m and £5.4m (2017: £4.2m).  The pre-exceptionals EBITDA loss for the year is expected to be around £3m (2017: Loss, £1.7m). This includes approximately £1.5m of primarily R&D expenses attributable to investment in the Group’s Clinical Artificial Intelligence Division which was established with the acquisition of Intelligent Ultrasound Limited (“IUL”) on 6 October 2017 (3 months to 31 December [...]

January 7th, 2019|