7th Oct 2025 14:14
(Alliance News) - Inspiration Healthcare Group PLC on Tuesday said it was confident in meeting market expectations for the current financial year ending in late January as it posted a revenue surge while it is preparing the US market entry for its Neonatal ventilator.
The Croydon, London-based healthcare technology company said pretax loss narrowed to GBP284,000 in the six months to July 31, from GBP3.7 million a year prior. Revenue jumped 41% to GBP24.0 million from GBP17.0 million, while cost of sales increased 33% to GBP12.9 million from GBP9.6 million. Operating expenses came in 16% higher at GBP10.9 million from GBP9.4 million.
Chief Executive Officer Raffi Stepanian said the first half of financial 2026 positioned the company "strongly to continue our growth trajectory with momentum, while implementing the back-to-basics actions in the various organisational, structural and procedural aspects of the group."
He added: "Beyond the two major contracts, the growth in the underlying business highlights both the opportunity and the tremendous potential of the markets we serve. Looking ahead to the second half of financial 2026, we have a strong order backlog and pipeline which underlines our confidence in meeting market expectations for the full year. Profitability has also improved with the increase of sales of our own capital equipment within the overall product mix."
Stepanian further said that the company is preparing the US market entry for its Neonatal ventilator, geared towards sales, profitability and improving working capital.
"Increasing international sales activity remains a key focus for the commercial team who are working to proactively manage our distributors to increase demand, and this is leading to a growing pipeline of future sales opportunities driving confidence in our outlook for the second half and into next year. This is specifically important in Europe, where we are aiming to win our fair share of the market," CEO Stepanian said.
Inspiration Health shares fell 3.5% to 21.22 pence each on Tuesday afternoon in London.
By Tom Budszus, Alliance News slot editor
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