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LONDON (Alliance News) - Medical imaging technology firm Feedback PLC said on Thursday it expects to see significant growth in revenue for its current financial year, as its Chief Executive Tom Oakley launches a strategic review into the company.
Feedback said the revenue performance for the year ending May 31 was driven by new hires in the Cadran business, as well as investment in developing new software to drive new product sales and increase capability.
However the increased investment has increased Feedback's cost base, which will be reflected in its annual loss.
Shares in Feedback were up 5.9% at 0.90 pence on Thursday.