20th Apr 2023 11:26
Intelligent Ultrasound Group PLC - Cardiff, Wales-based artificial intelligence ultrasound software firm - Posts revenue of GBP10.1 million for 2022, up 33% from GBP7.6 million in 2021. Clinical AI-related revenue grows to GBP700,000 from GBP200,000. Administrative expense, however, increase to GBP8.3 million by 18% from GBP7.0 million in 2021. Pretax loss narrows to GBP3.7 million from GBP4.4 million, as gross profit rises to GBP6.3 million from GBP4.7 million a year earlier.
Chair Riccardo Pigliucci says: "This has been another year of significant progress for the Group. We have increased Group revenue by over 30%, achieved the important milestone of FDA clearance for our second AI-driven product and continue to build an excellent partnership with the world's leading ultrasound company - GE HealthCare."
Current stock price: 10.65 pence, down 1.4% on Thursday morning in London
12-month change: up 12%
By Xindi Wei, Alliance News reporter
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