19th Aug 2019 09:02
(Alliance News) - IXICO PLC on Monday said it anticipates annual results to be "materially" ahead of current market expectations.
Shares in IXICO were trading 27% higher on Monday morning in London at 43.00 pence each.
The AIM-listed data analytics company said it has continued to see strong growth in revenue in the second half of the year due to new and expanded contracts coming on line, deployment of newly developed algorithms and faster turnaround times in trial initiation.
The company further confirmed that it anticipates the improved revenue performance to drive additional operating leverage and build on the breakeven position that it reported at the first half.
"We are delighted to see continued momentum in our revenue growth, establishing 2019 as an inflexion point in the company's progress," said Chief Executive Giulio Cerroni.
"This is a fantastic achievement which reflects the company's ability to support and grow with the increasing demand for our high quality neurological imaging and data analytics services," added Cerroni.
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